Property profile

12441 Fm 1488 Rd Magnolia, TX 77354

OFF-MARKET
Land
73 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity awaits with this expansive 73-acre commercial and residential land parcel located at 12441 FM 1488 in Magnolia, Texas, within Montgomery County (zip code 77354). This level site boasts an impressive 2,056 feet of frontage along FM 1488, strategically positioned between the thriving communities of The Woodlands and Magnolia. A significant advantage is the availability of a letter confirming wet utility service, eliminating a major hurdle for development. Importantly, this property is not located within a designated floodplain. The seller is offering the entire 73 acres as a single unit, presenting a unique opportunity for large-scale development. However, the property's size and location also lend themselves to potential subdivision for investors seeking smaller parcels. This prime location offers excellent accessibility and visibility, making it ideal for a variety of commercial and residential projects. A virtual tour is available for a comprehensive view of the property. The asking price for this exceptional property is $15,000,000.

Property profile

Verified
Property type Land
Lot 73 ac (3,179,880 SF)

Cap rate & NOI

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

Location

12441 Fm 1488 Rd Magnolia, TX 77354
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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