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    OFF-MARKET
    Land

    0 Fm 1488 Rd, Magnolia, TX 77354

    2.87 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.87-acre commercial land parcel presents a unique investment opportunity in Magnolia, Texas. Strategically located on FM 1488, this property boasts approximately 218 feet of frontage on this major thoroughfare, experiencing high traffic volume (16,054 vehicles per day in 2020, per TXDOT). Situated within the Sendera Lake Estates subdivision, it benefits from proximity to established high-end residential communities like Lake Windcrest and Thousand Oaks (1,550 homes total) and the expansive Woodforest development (5,500 lots) just north on Fish Creek Thoroughfare. The property's location within Magnolia's extraterritorial jurisdiction (ETJ) and less than three miles from downtown Magnolia ensures excellent accessibility. Significant road improvements in the area, including the completed FM 249 extension, FM 1488 widening, and the proposed Magnolia Bypass, further enhance its value and future potential. The property is outside the 500-year floodplain (per FEMA). While current restrictions apply, this prime location offers substantial development potential for a variety of commercial uses. The property's address is 0 FM 1488, Magnolia, TX 77354. The zip code is 77354, and it's located in Montgomery County.

    Property profile
    Verified
    Property type Land
    Lot 2.87 ac (125,017 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
    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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