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Property profile & analytics
OFF-MARKET
Industrial properties

5523 Fm 1488 Rd Magnolia, TX 77354

30,000 SF 7.2 ac lot Built 2019
Property ID
Property summary
AI-generated overview

This exceptional opportunity presents three newly constructed (2019) Class B flex warehouse buildings totaling 30,000 square feet, situated on 7.2 acres in Magnolia, Texas, at 5517-5523 FM 1488, zip code 77354. The property boasts a prime location near the intersection of FM 1488 and FM 2978, offering convenient access to major transportation routes. Currently, 8,000 square feet of space is immediately available for lease, divisible into units as small as 2,000 square feet, with a maximum contiguous space of 2,000 square feet. Each building offers approximately 10,000 square feet of flexible space with 28-foot ceilings, perfect for a variety of industrial and commercial uses. The property features ample parking with 1,000 square feet of designated parking, including one assigned space per suite and up to three unassigned spaces. Three-phase 480-volt power is available. Two units, 5517D and 5523E, are currently available, each approximately 2,000 square feet. Suite 5517D will receive a white-box buildout including ADA-compliant restrooms and a 2-ton HVAC system. Suite 5523E is a second-generation space with an available floor plan. The property is zoned for commercial flex space and includes a fire and smoke alarm system. There are no elevators. This property is ideal for businesses seeking modern, efficient, and conveniently located space in the rapidly growing The Woodlands - Northwest Corner submarket.

Property profile
Verified
Property type Industrial properties
Year built 2019
Total area 30,000 SF
Lot 7.2 ac (313,632 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
Current use
Occupant on record · Public records
  • Heroes Lawn Care Landscaping
  • Blue Jug Alkaline Water & Health Market (Bike/Boat/Book/etc) Store Pharmacy
  • Mighty Dog Roofing of The Woodlands Area Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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