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    38839 Spur 149 Rd Magnolia, TX 77354

    For Sale
    $12,500,000

    Prime Magnolia development site, ±20 acres, strong lease income.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional ±20.18-acre commercial land parcel presents a unique investment opportunity in Magnolia, Texas. Strategically located between The Woodlands and Magnolia, this property boasts ±11,020 feet of frontage on Spur 149 and ±925 feet of frontage on Red Creek Circle. Currently leased until December 31, 2027, on a triple-net (NNN) basis, the property generates a substantial annual base rent of $870,000, with Consumer Price Index (CPI-U) increases commencing January 1, 2025. The lease includes a provision for early termination with a 15-month notice. The property is situated in the Magnolia Independent School District and offers potential access to public utilities upon annexation. This unrestricted land, shadow-anchored by a new H-E-B grocery store, is surrounded by significant ongoing construction, indicating a high-growth area. The asking price is $12,500,000, translating to approximately $14.25 per square foot. A survey is available. This is an exceptional opportunity to acquire a high-yield investment property in a rapidly developing market.

    Property Features for 38839 Spur 149 Rd

    General Information

    Property type
    Land
    Lot Size
    879,041 SF

    HighLights

    • 20.18‑acre site, see survey for details.
    • Excellent location between The Woodlands and Magnolia.
    • 1,020' of frontage on Spur 149 and 925' on Red Creek Circle.
    • Magnolia ISD.
    • Potential for public utilities via annexation.
    • Unrestricted, $870,000 annual NNN lease income through 12/31/2027.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oilfield Steel Supply Steel Distributor

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon 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
    -95.679991454433
    Latitude
    30.218846847541

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    FAQs

    What type of property is this?
    Land - Prime Magnolia development site, ±20 acres, strong lease income.
    Where is this land located?
    The property is located at 38839 Spur 149 Rd Magnolia, TX.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: 20.18-acre site, see survey for details.; Excellent location between The Woodlands and Magnolia.; 1,020' of frontage on Spur 149 and 925' on Red Creek Circle.
    Request Owner's contact information
    38839 Spur 149 Rd Magnolia, TX 77354
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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
    38839 Spur 149 Rd Magnolia, TX 77354
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