Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Fm 2978 Rd Magnolia, TX 77354

    • Commercial real estate
    • 11.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Fm 2978 Rd

    Year built
    1995
    Lot size
    11.29 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 11.29-acre commercial property in Magnolia, Texas, presents a remarkable investment opportunity. Boasting 414 feet of frontage on FM 2978 at the Hardin Store Road intersection, this unrestricted land offers unparalleled visibility and accessibility. The property includes two functioning water wells and a commercial septic system, eliminating significant infrastructure hurdles. Currently improved with four existing businesses and a residential dwelling, this site is primed for redevelopment or expansion. Its strategic location within a rapidly developing area makes it ideally suited for a wide range of commercial ventures, including multifamily housing, shopping centers, office complexes, fast-food restaurants, or gas stations. The high traffic count and proximity to the Hardin Store Road intersection guarantee substantial exposure. This is a rare chance to acquire a substantial parcel of land in a thriving Texas market, poised for significant future growth and return on investment. The existing structures offer immediate income potential while the expansive acreage allows for considerable future development. Don't miss this chance to capitalize on this prime commercial real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5969
    Latitude
    30.138

    Comparable in this City

    • Value Estimation by Request
      3.95 Acres

      29906 Dobbin-Huffsmith Rd

      Land • 3.95 Acres
      29906 Dobbin-Huffsmith Rd, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      73.00 Acres

      12441 Fm 1488 Rd

      Land • 73.00 Acres
      12441 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      10.14 Acres

      1043 Fm 1486 Rd

      Land • 10.14 Acres
      1043 Fm 1486 Rd, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      3.40 Acres

      26842 Fm 2978 Rd

      Land • 3.40 Acres
      26842 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      11.50 Acres

      28631 Fm 2978 Rd

      Land • 11.50 Acres
      28631 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • Value Estimation
      $5,390,000
      65,975 SF

      18230 Fm 1488th Rd

      COMMERCIAL (GENERAL) • 65,975 SF
      18230 Fm 1488th Rd, Magnolia, TX 77354-4528
      View Details

    Similar Nearby for Sale

    • $4,799,876
      73.46 Acres

      Magnolia, TX Land - 73 Acres

      Prime 73-acre tract, ideal for development.
      12706 Wanda Ln, Magnolia, TX 77354
      View Details
    • $985,000
      0.87 Acres

      Magnolia Commercial Land - Prime Location

      0.87-acre pad site, high-traffic area
      28925 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • $1,734,777
      2.95 Acres

      Magnolia Commercial Land - Prime Location

      2.95 Acres, High Visibility, Unrestricted
      0 Fm 149 Rd, Magnolia, TX 77354
      View Details
    • $895,000
      9.70 Acres

      Magnolia Commercial Land - 9.7 Acres

      Prime Development Site, Motivated Seller
      2978 Near Miller Rd, Magnolia, TX 77354
      View Details
    • $1,350,000
      9.82 Acres

      Magnolia Commercial Land Opportunity

      9.8 Acres, High-Growth Area, Development Ready
      Miller, Magnolia, TX 77354
      View Details
    • Contact for pricing
      19.84 Acres

      Magnolia Commercial Land - 19.84 Acres

      Prime unrestricted acreage, dual road frontage.
      28323 Fm 2978 Rd, Magnolia, TX 77354
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      242,107 SF

      Magnolia Retail Center Opportunity

      Prime Magnolia retail space, multiple suites available.
      32858-33030 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      30,000 SF

      Audubon Retail Center: Magnolia, TX

      Prime Magnolia Retail Space: 30,000 sq ft, A-Class.
      15301 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      1,469 SF

      Retail Space in Magnolia, TX

      Retail space available for lease in Magnolia, Texas.
      5403 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $18 SF/Yr
      44,140 SF

      Office Condos For Lease

      Office condos for lease in The Woodlands submarket.
      33300 Egypt Ln, Magnolia, TX 77354
      View Details
    • $13 SF/Yr
      3,540 SF

      Magnolia Warehouse Suites for Lease

      Two suites available, 1540-2000 sq ft
      32914 Tamina Rd, Magnolia, TX 77354
      View Details
    • $16 SF/Yr
      49,076 SF

      Magnolia Business Park Spaces For Lease

      Modern Offices & Warehouses in Texas
      8259 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Fm 2978 Rd
    Magnolia, TX 77354
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.