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    OFF-MARKET
    Land

    0 Nichols Sawmill Rd, Magnolia, TX 77355

    69.59 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 69.59-acre property presents a unique investment opportunity in Magnolia, Texas, within Montgomery County. Located at 0 Nichols Sawmill Road, zip code 77355, this expansive tract offers significant potential for both residential and commercial development. The asking price is $3,757,860, translating to a land value of $54,000 per acre. Its strategic location provides convenient access to key transportation arteries. The site is directly off Nichols Sawmill Road, approximately 3.2 miles (6 minutes) from FM 1774 and 3.4 miles (7 minutes) from FM 1488, ensuring easy commutes and efficient logistics. Furthermore, the property benefits from its proximity to established residential communities, enhancing its appeal and potential for seamless integration into the existing neighborhood fabric. The land is situated just south of Magnolia Elementary School, adding to its family-friendly appeal and potential for residential development. This versatile property offers a compelling opportunity for developers seeking a substantial land parcel in a rapidly growing area of Texas. The combination of its size, location, and accessibility makes it an ideal candidate for a variety of development projects. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 69.59 ac (3,031,340 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
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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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