19802 Fm 1488 Rd Magnolia, TX 77355
This exceptional industrial property, located at 19802 FM 1488 in Magnolia, Texas (zip code 77355), presents a compelling investment opportunity. The 8,344-square-foot building, constructed in 2011, is classified as Class B and boasts a versatile design encompassing distribution, flex, and warehouse space. The property sits on a substantial 12.4-acre lot, offering ample room for expansion or future development. The warehouse features a 23-foot ceiling height, three 12' x 14' drive-in bay doors, and is fully insulated with HVAC service provided by three 5-ton units. An additional 1,844 square feet of office space is included, enhancing the property's functionality. The building benefits from 3-phase, 480v power, city water, and an aerobic septic system. Its strategic location on FM 1488, less than two miles from FM 1744, provides excellent access to major transportation routes. The property's robust infrastructure and versatile design make it ideal for a variety of industrial uses. The asking price for this turnkey operation is $3,300,000. This property offers a rare combination of size, location, and functionality, making it a highly attractive investment prospect. The high volume potential of over 14,000 VPD on FM 1488 further enhances its appeal.
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Gulftex Automation Production Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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