26548 Fm 2978 Rd, Magnolia, TX 77354
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.