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Property profile & analytics
FOR SALE
Commercial real estate

514 Ruby Ln Magnolia, TX 77354

119,354 SF 2.74 ac lot
Property ID
US83-2293766
Property summary
AI-generated overview

This exceptional 2.74-acre commercial property, located at 514 Ruby Ln, Magnolia, TX 77354, presents a unique redevelopment opportunity. Priced at $600,000, this partially cleared lot boasts a substantial 119,354 square feet and is perfectly situated to capitalize on the significant residential growth in the surrounding Montgomery County area. The property's strategic location makes it highly suitable for businesses catering to residential needs, such as HVAC companies, plumbing businesses, or storage facilities. Currently featuring a manufactured home, this structure will be removed prior to closing, leaving the land ready for immediate development. The expansive size and prime location offer significant potential for a variety of commercial ventures. Seller financing options are available. This is a rare chance to acquire a large, well-positioned commercial lot in a rapidly expanding residential community. Don't miss this opportunity to establish your business in a thriving market. The property is zoned for commercial use.

Property profile
Verified
Property type Commercial real estate
Total area 119,354 SF
Lot 2.74 ac (119,354 SF)
UPID US83-2293766
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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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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