0 Fm 1488 @ Mnr Dr, Magnolia, TX 77354
This exceptional 3.69-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing Decker Prairie area of Magnolia, Texas. Boasting ±289.6 feet of frontage on the heavily trafficked FM 1488 and ±300 feet of frontage on Manor Drive, this unrestricted property offers unparalleled visibility and accessibility. Its strategic location places it in close proximity to the thriving Mostyn Manor Development, ensuring high consumer traffic and significant future growth potential. The property's convenient access to major transportation arteries, including Interstate 45 and Highway 149 (approximately 2 miles away), further enhances its appeal to a wide range of commercial ventures. The land is priced competitively at $13 per square foot, representing an attractive return on investment given its prime location and development potential. The property is not located within a flood plain, providing additional peace of mind for potential buyers. This is an ideal site for retail development, offering a unique blend of high visibility, convenient access, and significant growth potential in a desirable Texas market. The asking price for this exceptional property is $2,091,309.
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.