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    Fm 2978 Rd Magnolia, TX 77354

    For Sale
    Contact for pricing

    Prime Commercial/Residential Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 20.97-acre tract is situated at the northeast corner of FM 2978/Hufsmith Kohrville Road and Hufsmith Road in Magnolia, Texas. Boasting excellent visibility and frontage on three roads (approximately 789 feet on FM 2978, 550 feet on Hufsmith Road, and 610 feet on Bogs Road), this property presents a remarkable investment or development opportunity. Located in the rapidly expanding Tomball area, it benefits from high traffic counts (20,163 vehicles per day on FM 2978) and proximity to major roadways, retail amenities, and high-end residential developments. The property is within the award-winning Tomball ISD, and also near several prestigious private schools, including Concordia Lutheran High School, Salem Lutheran School, the John Cooper School, and the Woodlands Christian Academy. Its convenient location is just 1.5 miles from The Woodlands Creekside. The property is in a high-density residential and commercial area, offering easy access to freeways and retail. Potential annexation by MUD 480 is also a possibility. The total tax rate for 2023 is $1.89 per $100 of assessed value. An adjacent 2.12-acre parcel is also available. This property is ideal for a variety of uses, given its size, location, and accessibility.

    Property Features for 0 Fm 2978 Rd

    General Information

    Property type
    Land
    Lot Size
    913,453 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.591603
    Latitude
    30.125347

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Residential Land
    Where is this land located?
    The property is located at Fm 2978 Rd Magnolia, TX.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Fm 2978 Rd Magnolia, TX 77354
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