0 Fm 1488 Rd, Magnolia, TX 77354
Exceptional commercial land opportunity in Magnolia, Texas, at the high-traffic intersection of FM 1488 and Mills Creek. These pad sites, part of the Audubon master-planned community, offer various sizes ranging from 0.71 to 4.22 acres, with options for sale, lease, or build-to-suit. The sites boast pre-constructed driveways and utility stub-ups, ensuring a seamless development process. Located near the future XAG Retail Center (delivery Q2 2025) and a planned 326-unit Class A multifamily development, this prime location benefits from direct access to Highway 249 and a thriving community. Audubon itself encompasses approximately 3,000 acres and includes 6,000 planned homes and 5,200 multifamily units, supporting a strong average household income of $141,000 within a 5-mile radius. The community features extensive amenities such as lighted crosswalks, expansive parks, and 8-foot-wide trails along Mill Creek, all within a 5-minute walk of every residence. This presents a unique chance to be the first retail establishment in this rapidly growing, master-planned community in Magnolia ISD, Montgomery County, Texas, zip code 77354. The property is zoned for commercial use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.