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

    10540 Fm 1488 Rd Magnolia, TX 77354

    • Commercial real estate
    • 15,750 SF
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2350444
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • FIX Phone Repair / Phone Repair Service / Cell Phone Store
    • Farmacia Central Rx / Pharmacy
    • #WeOutHere™ / Clothing Store / Clothes Market
    • Xpress PC Live Tech Support - MAG / Computer Repair Service / Phone Repair Service
    • Lone Star Roofing & General Contractor / Roofing Contractor / General Contractor

    Property Details for 10540 Fm 1488 Rd

    Property size
    15,750 SF
    Property type
    Commercial real estate

    Description

    Windcrest Plaza offers 15,750 square feet of prime retail space in a well-maintained building with nine suites. Currently, 2,642 square feet are available, with a minimum divisible space of 1,250 square feet. This exceptional location boasts excellent visibility on FM 1488, benefiting from a daily traffic count exceeding 12,000 vehicles. A large, prominent monument sign ensures high visibility and attracts attention from drivers. The property is conveniently situated across from the Lake Windcrest subdivision and less than four miles from the intersection of FM 2978 and FM 1488, providing easy access for customers. The building is fully built-out and ready for immediate occupancy, offering low-cost rent and ample parking. This is an ideal opportunity for businesses seeking high visibility and a strong customer base in a thriving area. The landlord maintains the property to a high standard, ensuring a positive experience for tenants and customers alike. Contact us today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.631982897354
    Latitude
    30.221991771204

    Comparable in this City

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      Audubon Retail Center: Magnolia, TX

      Prime Magnolia Retail Space: 30,000 sq ft, A-Class.
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      1,469 SF

      Retail Space in Magnolia, TX

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      Westgate Crossing Retail Pad

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      Magnolia Crossing Retail Pads

      Prime Magnolia, TX Retail Space Available
      FM-1488 & Country Frst Dr, Magnolia, TX 77354
      View Details

    Similar Nearby for Sale

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      11,550 SF

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    • $1,399,000
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      New Construction Retail/Office/Medical Space

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      Shoppes at Magnolia Circle, TX

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      9,996 SF

      Retail/Office Flex/Showroom Space

      Retail/office flex/showroom space available in a growing area.
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    • $2,091,309
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      Magnolia, TX Retail Land Investment

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      13663 Fm 1488 Rd, Magnolia, TX 77354
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    Similar Nearby for Lease

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      242,107 SF

      Magnolia Retail Center Opportunity

      Prime Magnolia retail space, multiple suites available.
      32858-33030 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      30,000 SF

      Audubon Retail Center: Magnolia, TX

      Prime Magnolia Retail Space: 30,000 sq ft, A-Class.
      15301 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      1,469 SF

      Retail Space in Magnolia, TX

      Retail space available for lease in Magnolia, Texas.
      5403 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      6,339 SF

      Westgate Crossing Retail Pad

      Prime Retail Outparcel, 6,339 SF Available
      10080 Research Forest Dr, Magnolia, TX 77354
      View Details
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      Magnolia Retail Center Opportunity

      Prime Retail Space Available in Magnolia, TX
      6875 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      35,000 SF

      Magnolia Crossing Retail Pads

      Prime Magnolia, TX Retail Space Available
      FM-1488 & Country Frst Dr, Magnolia, TX 77354
      View Details
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    Magnolia, TX 77354
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    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
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