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Property profile & analytics
OFF-MARKET
Commercial real estate

2 Heritage Ln Magnolia, TX 77354

12.9 ac lot
Property ID
US83-2397630
Property summary
AI-generated overview

This exceptional 12.9-acre parcel presents a unique investment opportunity in Magnolia, Texas. Located at 2 Heritage Lane within the Heritage Farms Subdivision, this property boasts approximately 941 feet of frontage on the highly trafficked FM 1488. The site benefits from city utilities provided by the City of Magnolia and currently operates under an Agricultural Exemption. Its strategic location within Magnolia's extraterritorial jurisdiction (ETJ) and less than three miles east of downtown Magnolia ensures high visibility and accessibility. Enjoy easy access to a variety of amenities, charming local restaurants, and scenic views, all while being less than an hour's drive from Downtown Houston. Significant road improvements are underway in the area, including the FM 249 extension, widening of FM 1488, and the proposed Magnolia Bypass, promising future growth and increased property value. 2020 TXDOT traffic counts reveal 16,054 vehicles per day (VPD) on FM 1488 west of the site, highlighting the substantial traffic flow. While restrictions apply, this property offers immense potential for various commercial or development ventures. The combination of prime location, substantial frontage, and ongoing infrastructure improvements makes this a compelling investment opportunity in a rapidly growing area. The zip code is 77354, and the property is situated in Montgomery County.

Property profile
Verified
Property type Commercial real estate
Lot 12.9 ac (561,924 SF)
UPID US83-2397630
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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