33074 Frst St Magnolia, TX 77354
This exceptional 3.47-acre commercial land parcel presents a remarkable investment opportunity in Magnolia, Texas. Boasting approximately 242 feet of frontage on the heavily trafficked FM 1488, this property enjoys visibility to an average daily count of 29,000 vehicles. Its strategic location places it just 0.25 miles from a major HEB grocery store, ensuring high consumer traffic and convenient access for potential businesses. Furthermore, its proximity to The Woodlands, a renowned area with established communities like Alden Bridge and Sterling Bridge, adds significant value and potential for growth. The property is conveniently situated outside the floodplain, with all essential utilities readily available, simplifying development and construction processes. The asking price is $2,300,000, translating to a land value of $15.22 per square foot. This presents a compelling opportunity for developers and investors seeking a prime location with high visibility and strong potential for return on investment in a rapidly growing Texas market. The property's size and location make it suitable for a variety of commercial developments.
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.