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    30045 Fm 2978 Rd Magnolia, TX 77354
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    30045 Fm 2978 Rd Magnolia, TX 77354

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    • Office buildings
    • 4,816 SF
    • 1.00 lot acres
    For Sale
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    FM 2978 Pad Sites Available For Sale
    Contact for pricing

    FM 2978 Pad Sites Available

    1-3 acre commercial pad sites available for ground lease.

    30045 FM 2978 Rd, Magnolia, TX 77354
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    Property ID
    US83-2409477
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bradbury Brothers Cooling, Plumbing & Electrical / Home Appliance Store / Hardware & Home Improvement

    Property Details for 30045 Fm 2978 Rd

    Year built
    1997
    Lot size
    1.00 lot acres
    Property size
    4,816 SF
    Zone code
    2
    Property type
    Office buildings
    APN
    0078-02-00608
    APU
    780200608

    Description

    This exceptional 1-3 acre commercial land parcel, located at 30045 FM 2978 in Magnolia, Texas, presents a unique investment opportunity. Situated in Montgomery County, zip code 77354, this single-tenant property is ideally suited for retail development or similar commercial ventures. The property boasts a total building square footage of 1 square foot, indicating a blank canvas for new construction tailored to specific business needs. The land's size, ranging from 1 to 3 acres, offers ample space for a substantial building and potentially associated parking or landscaping. Its location in the thriving Magnolia community provides excellent access to a growing population and strong consumer base. The property's classification as a pad site suggests its suitability for businesses requiring high visibility and convenient access for customers. This is a rare chance to acquire a strategically located commercial lot in a rapidly developing area of Texas, offering significant potential for future growth and return on investment. The property is zoned for commercial use, making it ready for immediate development. Interested parties are encouraged to conduct their own due diligence to confirm zoning and development regulations. This prime location offers unparalleled potential for a variety of commercial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5958
    Latitude
    30.1885
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,051
    $87,120
    $460,890
    $548,010
    -
    $87,120
    $460,890
    $548,010

    Comparable in this City

    • Value Estimation
      $1,365,000
      42,977 SF

      26535 Fm 2978th Rd

      OFFICE BUILDING • 42,977 SF
      26535 Fm 2978th Rd, Magnolia, TX 77354-5163
      View Details
    • Value Estimation
      $860,000
      6,526 SF

      32430 Dobbin Huffsmith Rd

      OFFICE BUILDING • 6,526 SF
      32430 Dobbin Huffsmith Rd, Magnolia, TX 77354-2057
      View Details
    • Value Estimation by Request
      1,120 SF

      5447 Fm 1488th Rd

      OFFICE BUILDING • 1,120 SF
      5447 Fm 1488th Rd, Magnolia, TX 77354-2402
      View Details
    • Value Estimation
      $650,000
      19,240 SF

      506 Honea Egypt Rd

      OFFICE BUILDING • 19,240 SF
      506 Honea Egypt Rd, Magnolia, TX 77354-2568
      View Details
    • Value Estimation
      $1,260,000
      47,852 SF

      33128 Magnolia Cir

      OFFICE BUILDING • 47,852 SF
      33128 Magnolia Cir, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      1,488 SF

      29615 Highland Blvd

      OFFICE BUILDING • 1,488 SF
      29615 Highland Blvd, Magnolia, TX 77354-2161
      View Details

    Similar Nearby for Sale

    • $2,575,000

      Commercial Land with Office Facilities

      1.80 acre commercial tract with frontage on FM 1488.
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      View Details
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      4,050 SF

      Magnolia Commercial Building For Sale

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      2,600 SF

      Magnolia Office Building For Sale

      2,600 SF office building available in Magnolia, Texas.
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      View Details
    • Contact for pricing

      Magnolia Retail/Office Space Available

      Retail/office space available in high-growth area near FM 1488.
      6875 Fm 1488 Rd, Magnolia, TX 77354
      View Details
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      Retail/Office Flex/Showroom Space

      Retail/office flex/showroom space available in a growing area.
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      Magnolia Commercial Land Opportunity

      2.71 acres of unrestricted commercial land near residential developments.
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    Similar Nearby for Lease

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      New Office-Warehouse with Flexible Layout

      Versatile office-warehouse space with build-to-suit potential.
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      View Details
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      Modern Flex/Showroom Near The Woodlands

      Contemporary flex space suitable for showroom, manufacturing, or warehouse.
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    • $18 SF/Yr

      Office Condos For Lease

      Office condos for lease in The Woodlands submarket.
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      Magnolia Office Space For Lease

      Office space for lease in prime Magnolia location.
      6018 Farm To Market Rd 1488, Magnolia, TX 77354
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      Magnolia Retail Space For Lease

      Retail and medical space available in Magnolia, Texas.
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      View Details
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      Move-In Ready Magnolia Office Space

      Modern 1,350 SF office suite near The Woodlands and Tomball.
      28789 Hardin Store Rd, Magnolia, TX 77354
      View Details
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    Magnolia, TX 77354
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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