Property profile

0 Fm 1488 Rd Magnolia, TX 77354

OFF-MARKET
Land
2.87 ac lot
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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

Location

Fm 1488 Rd Magnolia, TX 77354
Magnolia metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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