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    26232 Fm 2978 Rd Magnolia, TX 77354
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    26232 Fm 2978 Rd Magnolia, TX 77354

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    • Flex space
    For Lease
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    Office Warehouse Suites For Rent For Lease
    Contact for pricing
    3,360 SF

    Office Warehouse Suites For Rent

    Office, warehouse, storage, light manufacturing spaces for rent.

    26232 FM2978, Magnolia, TX 77354
    View Listing
    Property ID
    US83-2294959
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pedego The Woodlands Service / (Bike/Boat/Book/etc) Store
    • GDC Group LLC / Big Box & Wholesale Store
    • Bend Construction LLC / General Contractor
    • Black Cat Vinyl and Sticker Co. / (Bike/Boat/Book/etc) Store
    • Mod Office Warehouse / Business Park

    Property Details for 26232 Fm 2978 Rd

    Year built
    2014
    Property type
    Flex space
    Property subtype
    Office Units

    Description

    NEW OFFICE WAREHOUSE SPECIALS! FREE 1/2 MONTH RENT Well located on FM 2978 (20,000 traffic count, 100k household income), connecting the Woodlands and Tomball, Mod Office Warehouse Suites are ideal for businesses that need office, warehouse, storage, or light manufacturing and production space (suite has 220V power). 725 SF | 1200 SF | 1680 SF | 3360 SF spaces New Office Warehouse with Private Restroom - Ideal Showroom space facing FM2978 Rd (20,000 Vehicles/day) 14 Ft Roll Up Doors - 22 foot High Ceiling Clearance Climate Conditioned Warehouse spaces available Polished Concrete Floors - For Dust-free Warehouse Free Illuminated Pylon Sign Space - on FM 2978 (20,000 vehicles/day) Fully Fenced and gated with 24 hour access

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.597927
    Latitude
    30.139181

    Comparable in this City

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      New Office-Warehouse with Flexible Layout

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      Modern Flex/Showroom Near The Woodlands

      Contemporary flex space suitable for showroom, manufacturing, or warehouse.
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      Modern Flex/Showroom Space Available

      Like-new, modern flex/showroom space with polished office and upgraded warehouse.
      32514 Tamina Rd, Magnolia, TX 77354
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    • $16 SF/Yr
      1,633 SF

      Flexible Office Warehouse Solutions

      Turnkey office warehouse spaces in a secure, accessible business park.
      331 Corporate Wood Dr, Magnolia, TX 77354
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      Magnolia Office-Warehouse and Co-working Spaces

      Office-warehouse and co-working spaces available for lease in Magnolia, TX.
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    • $12 SF/Yr
      9,000 SF

      Freestanding Building Near SH-249

      9,000 SF building on 0.65 acres with SH-249 access.
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      New Flex Condo Development

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      Planned Development with Flex Space

      85,000 SF planned development offering warehouse, flex, and office spaces.
      26823 Fm 2978 Rd, Magnolia, TX 77354
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      Magnolia Commercial Land Opportunity

      2.71 acres of unrestricted commercial land near residential developments.
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      New Construction Flex Space Available

      New construction flex space with office and mezzanine storage.
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    • $349,000
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      Versatile Flex Space in Magnolia

      Functional flex space with roll-up door in prime location.
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    Similar Nearby for Lease

    • Contact for pricing

      New Office-Warehouse with Flexible Layout

      Versatile office-warehouse space with build-to-suit potential.
      32118 Tamina Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Modern Flex/Showroom Near The Woodlands

      Contemporary flex space suitable for showroom, manufacturing, or warehouse.
      32503 Tamina Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Modern Flex/Showroom Space Available

      Like-new, modern flex/showroom space with polished office and upgraded warehouse.
      32514 Tamina Rd, Magnolia, TX 77354
      View Details
    • $16 SF/Yr
      1,633 SF

      Flexible Office Warehouse Solutions

      Turnkey office warehouse spaces in a secure, accessible business park.
      331 Corporate Wood Dr, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Magnolia Office-Warehouse and Co-working Spaces

      Office-warehouse and co-working spaces available for lease in Magnolia, TX.
      8259 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $12 SF/Yr
      9,000 SF

      Freestanding Building Near SH-249

      9,000 SF building on 0.65 acres with SH-249 access.
      25232 Hardin Store Rd, Magnolia, TX 77354
      View Details
    View Listing
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    Magnolia, TX 77354
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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