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    Magnolia Office-Warehouse and Co-working Spaces Title is generated by Realmo AI

    8259 FM 1488, Magnolia, TX 77354

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    Office-warehouse and co-working spaces available for lease in Magnolia, TX.

    Type:Office, Industrial
    Property size:
    5,038 SF
    Added:
    Oct 28, 2023
    Days on Market:
    948
    Last Refresh:
    May 12 at 10:53 pm

    Property Features for 8259 FM 1488

    General Information

    Standard status
    Active
    Size
    5,038 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 8259 FM 1488 Contact us

    8259 A104 $1,000/Mo

    Size
    425 SF
    Type
    Office
    Large private co-working office space with additional private storage space. Common...
    show more
    Contact us

    8261 C $13/Mo

    Size
    2,925 SF
    Type
    Industrial
    Office/Warehouse with 795 SF of office space. Lobby/Reception, two offices, break...
    show more
    Contact us

    8261 A $14/Mo

    Size
    2,925 SF
    Type
    Industrial
    Office/Warehouse with 795 SF of office space. Lobby/Reception, large office (two...
    show more
    Contact us

    8559 - A103 $1,000/Mo

    Size
    425 SF
    Type
    Office
    Large private co-working office space with additional private storage space. Common...
    show more
    Contact us

    8375 D $10/Mo

    Size
    2,000 SF
    Type
    Office, Industrial
    Warehouse space with three overhead doors (2 on the front and 1 on the side).
    Contact us
    Show more

    We can help!

    Listing Contact
    Neal King
    Neal King

    Listing agent Neal King License #TX 645017

    Listing office SVN | J. Beard Real Estate - Greater Houston

    Listing date Oct 28, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of SVN | J. Beard Real Estate - Greater Houston

    HighLights

    • Newly constructed office‑warehouse and co‑working spaces with high‑end finishes
    • Office‑warehouse spaces range from 2,925 SF to 5,038 SF, suitable for various business sizes
    • Convenient location on FM 1488 with high traffic and pylon signage opportunity
    • Office‑warehouse spaces include private offices/conference room, break areas, private restrooms, and grade‑level doors
    • Co‑working spaces offer private storage and direct parking lot access
    • Co‑working rates include electric, internet, and janitorial services

    Overview

    Office-warehouse spaces and co-working spaces are available for lease in Magnolia, TX. The Tall Pines Highway FM 1488 Business Park is located off FM 1488, less than 1.5 miles west of the FM 2978 intersection. Pylon signage is available on FM 1488 at the signalized entrance to the business park. Office-warehouse spaces range from 2,925 SF to 5,038 SF, and are located in single-tenant and multi-tenant buildings. All spaces feature fully built-out office areas with high ceilings and finishes. Office-warehouse spaces include multiple private offices and/or a conference room, break areas with a fridge and microwave, private restrooms, grade-level overhead doors, and slop sinks in the warehouse. Co-working spaces feature large private office space with direct access from the parking lot, plus additional private storage space. The co-working space's common area features a break room with a fridge and microwave, a work room, and a restroom. Co-working space rates include electric, internet, and janitorial services.
    Location Intelligence

    Current Use by Public Records

    Magnolia Drivers Ed Training Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.590858
    Latitude
    30.22099

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    FAQs

    What type of property is this?
    Flex space - Office-warehouse and co-working spaces available for lease in Magnolia, TX.
    Where is this flex space located?
    The property is located at 8259 FM 1488 Magnolia, TX.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Newly constructed office‑warehouse and co‑working spaces with high‑end finishes; Office‑warehouse spaces range from 2,925 SF to 5,038 SF, suitable for various business sizes; Convenient location on FM 1488 with high traffic and pylon signage opportunity
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Neal King
    Neal King
    Real Estate License ID: TX 645017
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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