15301 Fm 1488 Rd Magnolia, TX 77354
This exceptional Class A retail center, totaling 30,000 square feet, presents a remarkable investment opportunity in Magnolia, Texas. Located at 15301 FM 1488, this multi-tenant property offers a minimum divisible space of 1,170 square feet, perfect for a variety of retail uses. The two-story building includes elevators for convenient access. This is the first retail development within the exclusive Audubon Community, a rapidly growing area projected to include over 6,000 single-family homes and 5,200 multifamily units, boasting an average household income of $141,000 within a 5-mile radius. The center benefits from its strategic location at the intersection of FM 1488 and Mills Creek, providing easy access to Highway 249. The Audubon Community's design prioritizes walkability, with residents enjoying proximity to extensive trails, parks, and green spaces, all within a short 5-minute walk from their homes. Amenities include well-lit crosswalks and wide, 8-foot trails along Mill Creek. This presents a unique chance to establish a business in a thriving, amenity-rich community with high-income demographics. The property's prime location and the community's planned growth ensure strong potential for long-term success.
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.