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    OFF-MARKET
    Office buildings

    117 Magnolia Blvd, Magnolia, TX 77355-8529

    1,932 SF 0.08 ac lot Built 1964
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US83-2331217
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Magnolia Coffee House Bistro Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Aslam A Chunawalla · 4 yrs held
    Aslam A Chunawalla
    since 2021
    6 recorded transactions
    2021
    2015
    2009
    1969
    1969
    1969
    Zoning & alternative use
    2 · Magnolia, TX
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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