Property profile

28075 Fm 2978th Rd Magnolia, TX 77354

OFF-MARKET
Warehouses
Property ID
US83-2340885
15,720 SF 2 ac lot Built 1995
Trust Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1995
Total area 15,720 SF
Lot 2 ac (87,120 SF)
Zoning code 2
APN 0078-01-01210
UPID US83-2340885

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Construction Company

Location

28075 Fm 2978th Rd Magnolia, TX 77354-5366
Magnolia metro Census 690408 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.50M
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$1.57M

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2004
Price N/A

Zoning & alternative use

2 · Magnolia, TX
Top alternative use upside
Apartment house (5+ units) $1.9M +17.1%
Restaurant $1.8M +13.6%
Auto repair, garage $1.6M +2.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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