Property profile

18535 Fm 1488 Rd Magnolia, TX 77354

OFF-MARKET
Neighborhood centers
94,448 SF Built 1985
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Property summary

AI-generated overview

This exceptional 94,448 square foot multi-tenant property, built in 1985, is situated at the high-traffic intersection of FM 1774 and FM 1488 in Magnolia, Texas, boasting 33,398 cars per day. The Renaissance Center offers a unique opportunity for businesses seeking flexible space options. Currently, there are 15,954 square feet of vacant space available, divisible into units ranging from 2,100 to 7,794 contiguous square feet. The property's diverse tenant mix includes a Brookshire Brothers grocery store and other daily-use businesses, ensuring high visibility and foot traffic. This location is ideal for medical offices (with second-generation medical space available), restaurants, service businesses, and retail establishments. The property benefits from direct access and excellent visibility from both FM 1488 and FM 1774. Located in Montgomery County, Texas, with a 77354 zip code, this property presents a compelling investment opportunity in a thriving community. The address is 18535 FM 1488 Rd, Magnolia, TX. Showings are by appointment only

Property profile

Verified
Property type Neighborhood centers
Year built 1985
Total area 94,448 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Pharmacy
  • (Bike/Boat/Book/etc) Store Pet Store & Service
  • Gas Station
  • Restaurant
  • Food Market Restaurant

Location

18535 Fm 1488 Rd Magnolia, TX 77354
Magnolia metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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