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    31348 Nichols Sawmill Rd Magnolia, TX 77355

    For Sale
    $404,960

    Two 1,512 sq ft units, excellent investment.

    Property size:
    1,512 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents two newly constructed Class A office condos, each spanning 1,512 square feet, located within the prestigious Magnolia Office Park at 31348 Nichols Sawmill Road, Magnolia, Texas 77355. Building 12, completed in 2024, offers a modern and efficient design, perfect for creative or executive office spaces. The property features a single-story building with two individual units available for purchase. Both units are priced competitively, with Unit B currently listed at $404,960. The property boasts a strong 9.00% cap rate, making it an attractive investment for discerning buyers. Situated in Montgomery County, this location provides easy access to major transportation routes and amenities. These units represent a rare chance to acquire high-quality, modern office space in a thriving Texas market. The property is ideal for owner-occupancy or as a lucrative rental investment. Don't miss this opportunity to own a piece of Magnolia's vibrant commercial landscape.

    Property Features for 31348 Nichols Sawmill Rd

    General Information

    Property type
    Office space
    Square Feet
    1,512 SF
    Class
    A

    Building Details

    Year Built/Renovated
    2024/2024
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Two 1,512 sq ft Class A office condos for sale in Magnolia Office Park, Magnolia, TX.
    • Unit A: $409,970.
    • Unit B: $404,960.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.751831
    Latitude
    30.2008256

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    FAQs

    What type of property is this?
    Office space - Two 1,512 sq ft units, excellent investment.
    Where is this office space located?
    The property is located at 31348 Nichols Sawmill Rd Magnolia, TX.
    What is the asking price?
    The asking price for this property is $404,960.
    What are key features of this property?
    This property features: Two 1,512 sq ft Class A office condos for sale in Magnolia Office Park, Magnolia, TX.; Unit A: $409,970.; Unit B: $404,960.
    Request Owner's contact information
    31348 Nichols Sawmill Rd Magnolia, TX 77355
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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
    31348 Nichols Sawmill Rd Magnolia, TX 77355
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