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    OFF-MARKET
    Land

    12441 Fm 1488 Rd, Magnolia, TX 77354

    73 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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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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