Property profile

117 Magnolia Blvd Magnolia, TX 77355

OFF-MARKET
Office buildings
Property ID
US83-2331217
1,932 SF 0.08 ac lot Built 1964
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,012 square foot single-tenant office building, located at 117 Magnolia Blvd in historic Magnolia, Texas, presents a unique investment opportunity. Built in 1964, the property sits on a generous 6,900 square foot lot and is ideally suited for a variety of office uses. Its versatile design accommodates traditional office layouts, coworking spaces, executive suites, or creative office environments. The property's classification includes retail, office, and restaurant uses, offering flexibility for future adaptations. Situated on the Magnolia Stroll, this location benefits from high visibility and easy access. The building's single-tenant occupancy provides a streamlined management experience. The property is located in Montgomery County, Texas, with a zip code of 77355. This prime location offers a blend of historical charm and modern convenience, making it an attractive option for businesses seeking a unique and established presence in the thriving Magnolia community. The property's size and location make it an ideal choice for a variety of businesses looking to establish a strong foothold in this desirable area. The building's age presents an opportunity for renovation or modernization to further enhance its appeal and functionality. The ample lot size offers potential for expansion or additional development. This is a rare opportunity to acquire a well-located, versatile commercial property in a rapidly growing Texas town.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1964
Construction FRAME
Total area 1,932 SF
Lot 0.08 ac (3,450 SF)
Zoning code 2
APN 7120-00-21100
UPID US83-2331217

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop

Location

117 Magnolia Blvd Magnolia, TX 77355-8529
Magnolia metro Census 690204 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2021
6 recorded transactions
2021
Price N/A
2015
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

2 · Magnolia, TX

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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