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    1774 & Fm 1488 Magnolia, TX 77354

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    1774 & Fm 1488 Magnolia, TX 77354

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    • Shopping malls
    • 12,375 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shopping malls

    Property Details for 1774 & Fm 1488

    Property size
    12,375 SF
    Property type
    Shopping malls
    Property subtype
    Lifestyle centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.7539
    Latitude
    30.2117

    Comparable in this City

    • Value Estimation by Request
      24,000 SF

      1488 And Ml Crk Rd

      Lifestyle centers • 24,000 SF
      1488 And Ml Crk Rd, Magnolia, TX 77354
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    • Value Estimation by Request
      7,000 SF

      33108 Magnolia Cir

      Lifestyle centers • 7,000 SF
      33108 Magnolia Cir, Magnolia, TX 77354
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    • Value Estimation by Request

      13663 Fm 1488 Rd

      Lifestyle centers
      13663 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      14,907 SF

      9533 Fm 1488 Rd

      Lifestyle centers • 14,907 SF
      9533 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      42,030 SF

      30420 Fm2978

      Lifestyle centers • 42,030 SF
      30420 Fm2978, The Woodlands, TX 77354
      View Details
    • Value Estimation by Request
      242,107 SF

      32858-33030 Fm 2978 Rd

      Neighborhood centers • 242,107 SF
      32858-33030 Fm 2978 Rd, Magnolia, TX 77354
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land For Mixed-Use Development

      Commercial land suitable for retail, office, or medical development.
      30045 Fm 2978 Rd, Magnolia, TX 77354
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      Magnolia Retail Center For Sale

      Grocery anchored retail center at a major intersection in Magnolia, Texas.
      18535 Fm 1488 Rd, Magnolia, TX 77354
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    • Contact for pricing

      HEB Anchored Mixed-Use Development

      New mixed-use development with shopping center space and pad sites.
      13663 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $3,500,000
      11.29 Acres

      Unrestricted Magnolia Commercial Tract

      11.29 AC unrestricted commercial tract with existing businesses.
      28631 Fm 2978 Rd, Magnolia, TX 77354
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    • Contact for pricing
      1,350 SF

      New Office Condominium Project

      Office condominiums in high-demand area, perfect for small business owners.
      28789 Hardin Store Rd, Magnolia, TX 77354
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    • Contact for pricing

      Restaurant Retail Space Available

      Retail space for sale at FM 1488 and Windcrest.
      9201 Fm 1488 Rd, Magnolia, TX 77354
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near H-E-B

      Retail property shadow-anchored by H-E-B in growing Magnolia.
      33108 Magnolia Cir, Magnolia, TX 77354
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    • Contact for pricing

      Mixed-Use Development Space Available

      Mixed-use development with retail, restaurant, and office space.
      10080 Research Forest Dr, The Woodlands, TX 77354
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    • Contact for pricing
      7,837 SF

      Restaurant Space with Covered Patio

      Restaurant space with a large covered patio and ample parking.
      5405 Fm 1488 Rd, Magnolia, TX 77354
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    • Contact for pricing

      Magnolia Retail Space For Lease

      Retail and medical space available in Magnolia, Texas.
      18535 Fm 1488 Rd, Magnolia, TX 77354
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    • Contact for pricing

      Retail Space Near HEB

      Retail and restaurant spaces available near a high-performing HEB.
      38987 Buckeye Trl, Magnolia, TX 77354
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    • Contact for pricing

      Retail Space in The Woodlands

      Retail spaces available in a 42,030 SF shopping center.
      30420 Farm To Market Rd 2978, The Woodlands, 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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