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Property profile & analytics
OFF-MARKET
Flex space
26232 Fm 2978 Rd Magnolia, TX 77354
Entity Owned
5-yr Hold
Property ID
US83-2294959
Property summary
AI-generated overview
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 Dumpster Service 2x Weekly included On site Maintenance included
Property profile
Verified
Property type
Flex space
Year built
2014
UPID
US83-2294959
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
-
Pedego The Woodlands Service (Bike/Boat/Book/etc) Store
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GDC Group LLC Big Box & Wholesale Store
-
Bend Construction LLC General Contractor
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Black Cat Vinyl and Sticker Co. (Bike/Boat/Book/etc) Store
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Mod Office Warehouse Business Park
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
Modfm LLC · 5 yrs held
Modfm LLC
since 2021
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Magnolia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Magnolia submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Status
Off-Market
Year built
2014
UPID
US83-2294959
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2014
Current owner
From public records · entity-resolved
Modfm LLC
Entity
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2021
—
Modfm LLC
Jj Commercial Development LLC
Warranty Deed
—
Mar 16, 2021
—
Jj Commercial Development LLC
—
Deed
related
$29,897 · Texas Tax Solutions LLC
Feb 1, 2017
—
Jj Commercial Dev LLC
—
Deed
related
$500,000 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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