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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

15301 Fm 1488 Rd Magnolia, TX 77354

30,000 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 30,000 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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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