Property profile

28717 Fm 2978 Rd Magnolia, TX 77354

OFF-MARKET
Land
Property ID
US83-2314081
1.5 ac lot
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Property summary

AI-generated overview

This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Magnolia, Texas area. Located at 28717 FM 2978, this property boasts over 100 linear feet of frontage on a major five-lane roadway, FM 2978, experiencing an average daily traffic count exceeding 33,000 vehicles in 2023, according to Texas Department of Transportation data. Its strategic position between Magnolia, The Woodlands, and Tomball provides unparalleled visibility and accessibility. The property's proximity to a traffic light at the intersection of FM 2978 and Hardin Store Road further enhances its visibility. This prime location is surrounded by established businesses and upscale residential communities, making it ideal for a variety of commercial ventures. The property's location within the Woodlands-Houston metropolitan statistical area, which has seen an 18.7% population increase over the past decade, offers significant growth potential. The Montgomery County location (APN: 0078-01-01800) and its zip code is 77354. This is a rare opportunity to capitalize on the robust economic growth of this thriving Texas region, known for its strong business climate. The property is zoned for both commercial and residential uses.

Property profile

Verified
Property type Land
Lot 1.5 ac (65,340 SF)
UPID US83-2314081

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
  • HVAC Service General Contractor
  • Painting Service General Contractor

Location

28717 Fm 2978 Rd Magnolia, TX 77354
Magnolia metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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