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Property profile & analytics
FOR SALE
Commercial real estate

28321 Fm 2978 Rd Magnolia, TX 77354

2.65 ac lot
Property ID
US83-2308685
28321 Fm 2978 Rd, Magnolia, TX 77354 For Sale
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28321 Fm 2978 Rd, Magnolia, TX 77354
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Property summary
AI-generated overview

This exceptional 2.65-acre commercial land parcel presents a remarkable development opportunity in Magnolia, Texas. Located on FM 2978, this unrestricted property boasts over 273.8 feet of frontage along a highway with a daily traffic count exceeding 31,000 vehicles. The land is partially cleared and strategically situated outside of both flood zones, minimizing development risks. A significant advantage is the existing 30-foot access point directly onto FM 2978, simplifying access and construction. Pre-existing drainage and flood mitigation infrastructure are already in place in front of the property, further streamlining the development process. The property's unrestricted zoning allows for a wide range of commercial uses, making it ideal for build-to-suit projects or turnkey developments. Priced at $800,000, this property offers significant potential for investors seeking high-visibility commercial land in a rapidly growing area. The Montgomery County location and 77354 zip code provide easy access to major transportation routes and a thriving community. This is a rare opportunity to acquire a prime commercial site with exceptional visibility and infrastructure already in place.

Property profile
Verified
Property type Commercial real estate
Lot 2.65 ac (115,434 SF)
UPID US83-2308685
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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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