Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    28025 Fm2978 Tract A Magnolia, TX 77354

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    28025 Fm2978 Tract A Magnolia, TX 77354

    View on Map
    • Land
    • 2.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 28025 Fm2978 Tract A

    Lot size
    2.76 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 2.76-acre commercial land tract is situated at 28025 FM 2978 in Magnolia, Texas, within Montgomery County (zip code 77354). Boasting 312 feet of frontage on the newly expanded five-lane FM 2978 Highway, this property offers unparalleled visibility and accessibility to high traffic volumes. Located in the thriving Magnolia and Tomball area, and within the Woodlands market area, this land is outside flood zones, providing a secure investment opportunity. The property's location is ideal for a variety of commercial ventures, including retail, dining, or service-oriented businesses, catering to the diverse demographic of the area. This prime location presents limitless potential for boutique retail spaces, restaurants, or professional offices. The asking price is $1,100,000. The APN is 0078-01-01209. Additional contiguous acreage is available for purchase should a larger footprint be desired. Note that a commercial billboard located on the northern property line is not included in the sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.598
    Latitude
    30.1656

    Comparable in this City

    • Value Estimation by Request
      73.46 Acres

      12706 Wanda Ln

      Land • 73.46 Acres
      12706 Wanda Ln, Magnolia, TX 77354
      View Details
    • Value Estimation by Request

      514 Ruby Ln

      Land
      514 Ruby Ln, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      20.97 Acres

      Fm 2978 Rd

      Land • 20.97 Acres
      0 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      5.10 Acres

      Roberts Trl

      Land • 5.10 Acres
      0 Roberts Trl, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      10.00 Acres

      8406 Matthews Ln

      Multifamily properties • 435,600 SF
      8406 Matthews Ln, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      9.85 Acres

      27402 Dobbin-Huffsmith Rd

      Land • 9.85 Acres
      27402 Dobbin-Huffsmith Rd, Magnolia, TX 77354
      View Details

    Similar Nearby for Sale

    • $950,000

      Unrestricted Acreage with Renovated Home

      Unrestricted acreage featuring a renovated home, garage, and office.
      8526 Oakwood Dr, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Unrestricted Acres For Sale

      1.3+ acres of unrestricted land available for purchase.
      30002 Rosebud St, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Magnolia Land For Sale

      20.97 acres of land available in Magnolia, Texas.
      Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      13.13 Acres on FM 2978

      13.13 acres available on FM 2978 in Magnolia, TX.
      27207 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • $250,000

      Magnolia Land Near Highway 249

      6-acre lot near SH 249, utilities available.
      26538 Flower Mound Ln, Magnolia, TX 77354
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Single Tenant Space

      6,000 SqFt industrial space available for single tenant.
      32219 Tamina Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Office and Land For Rent

      Office and land available for single tenant occupancy.
      17600 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Modern Flex/Showroom Near The Woodlands

      Contemporary flex space suitable for showroom, manufacturing, or warehouse.
      32503 Tamina Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      New Office-Warehouse with Flexible Layout

      Versatile office-warehouse space with build-to-suit potential.
      32118 Tamina Rd, Magnolia, TX 77354
      View Details
    • $12 SF/Yr
      9,000 SF

      Freestanding Building Near SH-249

      9,000 SF building on 0.65 acres with SH-249 access.
      25232 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • $13 SF/Yr
      6,615 SF

      Magnolia Flex Space: Prime Location

      Modern 6,615 sq ft office/flex space in Magnolia, TX.
      32415 Tamina Rd, Magnolia, TX 77354
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28025 Fm2978 Tract A
    Magnolia, TX 77354
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!