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Property profile & analytics
OFF-MARKET
Warehouses

8259 Fm 1488 Rd Magnolia, TX 77354

49,076 SF Built 2023
Property ID
Property summary
AI-generated overview

Lockaway FM 1488 Business Park offers a diverse range of commercial spaces for lease in Magnolia, Texas. This brand-new, Class A property, built in 2023, comprises six buildings totaling 49,076 square feet, with units ranging from 425 to 3,975 contiguous square feet. The park features both traditional office spaces, executive suites, co-working options, creative offices, and flexible warehouse spaces, catering to a variety of business needs. Office-warehouse units boast fully built-out office areas with high ceilings, beautiful finishes, multiple private offices or conference rooms, break areas equipped with refrigerators and microwaves, private restrooms, grade-level overhead doors, and slop sinks. Co-working spaces include large private offices with direct parking lot access, private storage, and shared amenities such as a break room with a refrigerator and microwave, a work room, and a restroom. Utilities such as electricity, internet, and janitorial services are included in co-working space rates. The park is strategically located off FM 1488, less than 1.5 miles west of the FM 2978 intersection, benefiting from high visibility with pylon signage on FM 1488, a road with over 30,000 vehicles daily. Currently, 12,575 square feet of space is available. The property is situated in Montgomery County and offers single-tenant and multi-tenant building options. This prime location provides excellent access and visibility for businesses seeking a modern and functional workspace in a thriving Texas community. Contact us today to explore leasing opportunities.

Property profile
Verified
Property type Warehouses
Year built 2023
Total area 49,076 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Magnolia Drivers Ed Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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