Property profile

29101 Fm 2978th Rd Magnolia, TX 77354

OFF-MARKET
Warehouses
Property ID
US83-2341555
18,700 SF 10.05 ac lot Built 2006
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2006
Total area 18,700 SF
Lot 10.05 ac (437,865 SF)
Zoning code 2
APN 0078-01-00511
UPID US83-2341555

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
  • Storage Facility
  • Community Center
  • Production Facility Factory
  • Veterinary Clinic
  • Trucking Company

Location

29101 Fm 2978th Rd Magnolia, TX 77354-3090
Magnolia metro Census 690407 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.78M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.83M

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2013
Price N/A
2006
Price N/A
2005
Price N/A
2005
Price N/A
2004
Price N/A
1969
Price N/A

Zoning & alternative use

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