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Property profile & analytics
OFF-MARKET
Commercial real estate

24327 Nichols Sawmill Rd Magnolia, TX 77355

6.43 ac lot
Property ID
US83-2473708
Property summary
AI-generated overview

This exceptional 6.43-acre commercial land parcel presents a remarkable development opportunity in Magnolia, Texas. Strategically located on Nichols Sawmill Road, the property boasts over 1,420 feet of road frontage, ensuring exceptional visibility and accessibility. The site is zoned for both commercial and residential uses, offering considerable flexibility for a variety of projects. Existing infrastructure includes a well and septic system, simplifying development plans. While situated within the 100-year and 500-year floodplains, as per FEMA data, this factor should be considered in any development strategy. Detailed demographic information is readily available for serious inquiries. The property is conveniently located within Montgomery County and falls within the Magnolia Independent School District, making it an attractive location for various commercial ventures. The asking price for this significant tract of land is $549,000. This presents a unique chance to acquire a substantial parcel in a rapidly growing area. Don't miss this opportunity to secure a prime piece of Magnolia real estate.

Property profile
Verified
Property type Commercial real estate
Lot 6.43 ac (280,091 SF)
UPID US83-2473708
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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