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    OFF-MARKET
    Commercial real estate

    26548 Fm 2978 Rd, Magnolia, TX 77354

    11.08 ac lot
    Property ID
    US83-2362080
    Property summary
    AI-generated overview

    This exceptional 11.08-acre unrestricted land parcel presents a compelling investment opportunity in the rapidly growing Decker Prairie area of Magnolia, Texas. Located at 26548 FM 2978, the property boasts significant frontage: approximately 583 feet on FM 2978 and approximately 223 feet on Huffsmith-Conroe Road. Its strategic location offers easy access to major thoroughfares and is less than a quarter-mile south of the North Grove Master-Planned Community, a substantial development encompassing approximately 600 acres and projected to include around 900 homes upon completion. The proximity to The Woodlands further enhances its appeal. The asking price is $1,568,595, translating to a land value of $3.25 per square foot. The property is being sold "as is," and owner financing may be available. This versatile tract is ideal for a variety of commercial or industrial uses, making it an attractive prospect for developers and investors seeking a foothold in this thriving Texas market. The property is zoned unrestricted, providing flexibility for future development plans. This presents a rare opportunity to acquire a significant land holding in a high-growth area with excellent access and visibility. Don't miss this chance to secure a prime piece of Texas real estate.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 11.08 ac (482,645 SF)
    UPID US83-2362080
    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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