Property profile

11721 Fm 1488th Rd Magnolia, TX 77354

OFF-MARKET
Outlet malls
Property ID
US83-2438023
900 SF 4.91 ac lot Built 2015
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Magnolia, Texas property offers 32,200 square feet of versatile commercial space, combining retail storefront, warehouse, and unique living quarters above a three-stall barn. Situated on 4.915 acres with approximately 500 feet of frontage on FM 1488 at a signalized intersection, this property boasts high visibility and easy access. The main building features a 19,140 square foot retail/warehouse storefront with a wrap-around porch, offering ample space for retail operations or showroom displays, complemented by a large warehouse area. A separate 12,160 square foot warehouse, equipped with a sprinkler system, provides additional storage or operational space. Adding to its unique appeal, a 900 square foot living space above the three-stall barn offers convenient on-site management or owner-occupant options. The property includes approximately 41 parking spaces and an automatic gated entry. A strategically placed detention pond manages stormwater runoff. Its prime location near the Magnolia Event Center and Magnolia Parkway Elementary, and within five miles of TX-249 near the Audubon Development, ensures high traffic and strong potential for growth. The ample land provides opportunities for future expansion or additional development. This owner-user investment opportunity is ideal for businesses requiring a blend of retail, warehouse, and office space, offering a unique combination of functionality and convenience. The property's multiple buildings, built in 2015 and 2021, feature 16-22 foot ceiling heights. The Montgomery County location, with its 77354 zip code, offers a thriving commercial environment.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2015
Total area 900 SF
Lot 4.91 ac (214,097 SF)
APN 0372-00-00120
UPID US83-2438023

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
  • Furniture & Home Goods Home Decor Store

Location

11721 Fm 1488th Rd Magnolia, TX 77354-2771
Magnolia metro Census 690406 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$135k

Owner & transaction history

since 2013
4 recorded transactions
2019
Price N/A
2013
Price N/A
2004
Price N/A
1969
Price N/A

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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