0 Fm 1488 Rd Conroe, TX 77382
Exceptional 73-acre commercial land parcel in Magnolia, Texas, presents a significant investment opportunity for developers and investors. Located on FM 1488, this expansive property boasts 2,056 feet of frontage, strategically positioned in the Thousand Oaks area between The Woodlands and Magnolia. The land is described as clean and level, free from floodplain restrictions, and comes with a letter confirming water and utility service availability. This substantial acreage offers considerable potential for diverse commercial, industrial, or residential development. While the seller will not subdivide the property, the substantial size allows for significant flexibility in development plans. The property's prime location and readily available utilities make it an attractive prospect for large-scale projects. A virtual tour is available online for a detailed visual inspection. The asking price for this exceptional property is $15,000,000. The Montgomery County property features a 77382 zip code. The APN is available via a provided online virtual tour link.
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
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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.