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    OFF-MARKET
    Outlet malls

    11721 Fm 1488th Rd, Magnolia, TX 77354-2771

    900 SF 4.91 ac lot Built 2015
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US83-2438023
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • RND Rustics Furniture & Home Goods Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Rnd Rustics INC · 13 yrs held
    Rnd Rustics INC
    since 2013
    4 recorded transactions
    2019
    2013
    2004
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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