Property profile

28025 Fm2978 Tract A Magnolia, TX 77354

OFF-MARKET
Land
2.76 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 2.76 ac (120,269 SF)

Cap rate & NOI

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

Location

28025 Fm2978 Tract A 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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