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    OFF-MARKET
    Commercial real estate

    32602 Walnut Creek Rd, Magnolia, TX 77355

    52.18 ac lot
    Individually Owned 4-yr Hold
    Property ID
    US83-2339066
    Property summary
    AI-generated overview

    Exceptional 52.18-acre land opportunity in Magnolia, Texas, presents significant potential for diverse development. Located at 32602 Walnut Creek Rd, this property boasts convenient access to major highways, including proximity to Highway 249 (less than 10 minutes away), offering seamless connectivity to Magnolia, Stagecoach, and Tomball. The land is comprised of two parcels totaling 52.18 acres. The first parcel, encompassing 27.18 acres, benefits from frontage on both Walnut Creek Road and Butera Road. The second parcel, measuring 25 acres, provides frontage on Butera Road. A key feature is the presence of a pond on the partially cleared land. The property is zoned for Magnolia ISD, making it attractive for various development projects. This versatile land is offered at $4,100,000 and presents a compelling investment prospect for both commercial and residential ventures, given its size, location, and zoning. The address is 32602 Walnut Creek Rd, Magnolia, TX 77355, situated in Montgomery County.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 52.18 ac (2,272,961 SF)
    UPID US83-2339066
    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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    Owner & transaction history
    Roy Teague · 4 yrs held
    Roy Teague
    since 2022
    3 recorded transactions
    2022
    2019
    2016
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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