Property profile

31209 Fm 2978th Rd Magnolia, TX 77354

OFF-MARKET
Manufacturing properties
Property ID
US83-2442601
22,005 SF 6.42 ac lot Built 2006
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2006
Total area 22,005 SF
Lot 6.42 ac (279,655 SF)
Zoning code 2
APN 9275-00-00500
UPID US83-2442601

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
  • Industrial Manufacturer Production Facility
  • Factory Metal Fabrication Plant
  • Home Appliance Store

Location

31209 Fm 2978th Rd Magnolia, TX 77354-2388
Magnolia metro Census 690407 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$810k
CAP Approach CAP
by Request
Comparable Approach Comparable
$888k
Blend (final) Blend
$850k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2012
Price N/A
1998
Price N/A

Zoning & alternative use

2 · Magnolia, TX
Top alternative use upside
Medical building $1.3M +69.6%

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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