Property profile

0 Baneberry Rd Magnolia, TX 77355

OFF-MARKET
Land
6.73 ac lot
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Property summary

AI-generated overview

This exceptional 6.73-acre unrestricted land parcel presents a unique opportunity in southwest Magnolia, Texas. Located on Baneberry Road, this property offers the flexibility to develop residential, commercial, or industrial projects. The land boasts beautiful elevation changes with rolling terrain, featuring sandy soils and a mix of pine and hardwood trees. With over 1,325 feet of road frontage on Baneberry Road, this property provides excellent visibility and accessibility. The property's APN is 0054-00-00140, and it is owned by Ole Spec LTD. The asking price is $376,880, translating to $56,000 per acre. An adjacent 24.36-acre parcel is also available for purchase, offering the potential for a combined 31-acre acquisition. This location in Montgomery County, Texas, zip code 77355, provides easy access to Magnolia's amenities and surrounding areas. The property's coordinates are 30.135667524810643 latitude and -95.80367361126038 longitude. Contact us today to explore the possibilities of this versatile and strategically located land.

Property profile

Verified
Property type Land
Lot 6.73 ac (293,159 SF)

Cap rate & NOI

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

Location

Baneberry Rd Magnolia, TX 77355
Magnolia metro
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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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