0 Fm 1488 & Gable Cir Magnolia, TX 77354
This exceptional 0.901-acre unrestricted land parcel presents a prime development opportunity in Magnolia, Texas. Strategically located on FM 1488 and Gable Circle in Montgomery County (zip code 77354), this site boasts exceptional visibility and accessibility. The property is situated less than 2.3 miles from the SH 249 (Aggie Expressway) on-ramp, providing convenient access to major transportation arteries. Its location within the Magnolia ETJ (Extra Territorial Jurisdiction) and less than 5 miles east of downtown Magnolia ensures high traffic counts, estimated at approximately 25,604 vehicles per day on FM 1488. The area is experiencing significant growth, with numerous single-family residential developments underway and many commercial plans approved, creating a robust and expanding market. This presents a unique chance to capitalize on the area's burgeoning commercial sector. The property is served by Magnolia ISD and utilities are conveniently located on-site. Priced at $799,000, this is an exceptional investment opportunity for developers seeking a high-traffic, high-growth location. Don't miss this chance to secure a piece of Magnolia's thriving future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.