24008 Fm 1488 Rd Magnolia, TX 77355
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.
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.