Property profile

0 Neq Of Grand Pne Dr & Abel Ln Magnolia, TX 77355

OFF-MARKET
Land
28.68 ac lot
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Property summary

AI-generated overview

This exceptional 28.678-acre industrial land parcel is ideally situated at the northeast quadrant of Grand Pines Drive and Abel Lane in Magnolia, Texas (77355), Montgomery County. Priced at $3,750,000 ($3/sq ft land value), this property offers unparalleled access to major thoroughfares. The recent completion of Grand Pines Drive provides a direct route connecting Magnolia to the 99 Grand Parkway, offering a quick alternative to the 249 Aggie Express Way. The site enjoys convenient proximity to key areas, including just 4.9 miles north of the 99 Grand Parkway along Mueschke Road and 6 miles south of Magnolia along Nichols Sawmill Road. Benefiting from its strategic location, the property is adjacent to the planned 250+ acre Starlight Home Development (MUD currently forming) and near DR Horton's 280+ acre Grand Pines Development. A significant advantage is the property's location outside of any FEMA-designated flood plain. The seller will consider dividing the property to accommodate potential buyers' needs. This presents a rare opportunity to acquire a substantial tract of land in a rapidly growing area with excellent infrastructure and development potential.

Property profile

Verified
Property type Land
Lot 28.68 ac (1,249,214 SF)

Cap rate & NOI

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

Location

Neq Of Grand Pne Dr & Abel Ln Magnolia, TX 77355
Magnolia metro
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Value estimations

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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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