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    26232 Fm 2978 Rd Magnolia, TX 77354

    • Flex space
    • 37,493 SF
    For Lease
    View listing
    $8 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2294959
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pedego The Woodlands Service / Electric Bicycle Store
    • GDC Group LLC / Wholesale Market
    • Bend Construction LLC / Contractor
    • Black Cat Vinyl and Sticker Co. / Vinyl Sign Shop
    • Mod Office Warehouse / Business Park / Office Space Rental Agency

    Property Details for 26232 Fm 2978 Rd

    Year built
    2014
    Property size
    37,493 SF
    Property type
    Flex space
    Property subtype
    Manufacturing properties

    Description

    This exceptional Magnolia, Texas industrial property offers three modern office warehouse suites, totaling 37,493 square feet. Located on FM 2978, a high-traffic road connecting The Woodlands and Tomball, this property boasts excellent visibility and accessibility. Individual suites range from 725 to 3,360 contiguous square feet, making it suitable for a variety of businesses. Built in 2014, the property features 22-foot high ceilings, 220V power, and 18-foot roll-up doors. Each suite includes a private restroom, and the property offers ample free illuminated pylon sign space for enhanced visibility. Additional amenities include a fully fenced and gated area with 24-hour access. The property's strategic location provides easy access to a large workforce and consumer base, with a daily traffic count of 20,000 vehicles on FM 2978. The property is ideal for businesses requiring office, warehouse, storage, or light manufacturing and production space. This is a rare opportunity to secure modern, well-located industrial space in a thriving area of Montgomery County. The property is comprised of three buildings and is situated in a high-income area with over 100,000 households nearby.

    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
    -95.5963993
    Latitude
    30.1404184

    Comparable in this City

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      Magnolia Industrial Warehouse Space

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      Magnolia Office-Warehouse Space

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    Similar Nearby for Sale

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      Magnolia Warehouse Park Investment

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    • $349,000
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      Versatile Flex Space in Magnolia

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      New Construction Flex Space Available

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      New Flex Condos For Sale

      Flex condos available for sale or lease in Magnolia, TX.
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    Similar Nearby for Lease

    • $16 SF/Yr
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      Magnolia Business Park Spaces For Lease

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      8259 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      85,000 SF

      Magnolia Flex & Warehouse Space

      85,000 SF Available in 6 Buildings
      26823 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • $1.25 SF/Yr
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      Magnolia, TX Flex Space for Lease

      Versatile warehouse/flex space, Magnolia, TX.
      9200 Carraway Ln, Magnolia, TX 77354
      View Details
    • $13 SF/Yr
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      Magnolia Warehouse Suites for Lease

      Two suites available, 1540-2000 sq ft
      32914 Tamina Rd, Magnolia, TX 77354
      View Details
    • $15 SF/Yr
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      Magnolia Industrial Warehouse Space

      Modern warehouse suites, 1,500-12,000 SF
      30130 Dobbin-Huffsmith Rd, Magnolia, TX 77354
      View Details
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      8,838 SF

      Magnolia Office-Warehouse Space

      Modern warehouse/office space in The Woodlands submarket.
      32118 Tamina Rd, Magnolia, TX 77354
      View Details
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    Magnolia, TX 77354
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    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
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