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Property profile & analytics
OFF-MARKET
Land

24008 Fm 1488 Rd Magnolia, TX 77355

21.6 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 21.6-acre commercial land offering presents a unique investment opportunity in rapidly growing Montgomery County, Texas. Located at 24008 FM 1488 in Magnolia, TX 77355, this property boasts twelve platted commercial pad sites, each ranging from one to 2.5 acres. The strategic location along FM 1488, just three miles west of Magnolia and directly in front of Remington Forest, ensures high visibility and accessibility. The area is experiencing significant residential growth, with projections of nearly 20,000 new homes in the immediate vicinity, creating substantial demand for commercial services. Public water service is readily available through G & W Water Supply Corp., simplifying development. The property's proximity to the new Aggie Expressway Toll Road further enhances its appeal and accessibility. This versatile land is well-suited for a variety of commercial uses, offering significant potential for developers and investors. Individual pad sites can be purchased separately, or multiple sites can be combined to create larger parcels, providing flexibility to suit diverse development needs. This is a rare opportunity to capitalize on the explosive growth in this thriving Texas community.

Property profile
Verified
Property type Land
Lot 21.6 ac (940,896 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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