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    OFF-MARKET
    Land

    28925 Fm 2978 Rd, Magnolia, TX 77354

    0.87 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.87-acre commercial land parcel presents a unique investment opportunity in Magnolia, Texas. Strategically located on FM 2978, this property boasts approximately 195 feet of frontage, enhanced by a signalized intersection with Greenmore Drive. The site benefits from its proximity to a thriving retail hub, including a major shopping center with over 300,000 square feet of retail space, anchored by national brands such as Target, TJ Maxx, Ross, and others. Nearby established businesses include Chili's, Starbucks, Taco Bell, Chick-fil-A, and Freddy's, demonstrating strong consumer traffic and demand. Further enhancing its appeal, the property is situated near a new luxury residential community, Northgrove at Spring Creek, developed by Toll Brothers, which is expected to add 850 homes upon completion. This influx of new residents will significantly increase the local population and consumer base. The recent expansion of FM 2978 to five lanes improves accessibility and visibility. The property's location within the Woodlands submarket, directly across from The Woodlands May Valley Subdivision entrance, places it in a high-growth area, currently ranked among the nation's top-selling master-planned communities. The site also features limited restrictions, offering flexibility for development. With its prime location, strong surrounding infrastructure, and high growth potential, this property represents an excellent opportunity for commercial development. The asking price is $985,000. The property is located in Montgomery County, Texas, zip code 77354.

    Property profile
    Verified
    Property type Land
    Lot 0.87 ac (37,897 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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