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    OFF-MARKET
    Retail properties & Spaces

    0 Fm 1488 @ Mnr Dr, Magnolia, TX 77354

    3.69 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Lot 3.69 ac (160,736 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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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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