You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $505,000
Retail space

5403 Fm 1488th Rd Magnolia, TX 77354-2524

10,320 SF 0.94 ac lot Built 1999
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US83-2460246
Property summary
AI-generated overview

This exceptional retail property, known as Rainbow Plaza, is located at 5403 FM 1488 in Magnolia, Texas, within Montgomery County (zip code 77354). The property boasts a total building size of 8,400 square feet, currently configured as a single-tenant occupancy. However, there is a significant opportunity for expansion or modification, as 900 square feet are currently vacant. This presents a unique chance for a business to establish a strong presence in a thriving Magnolia community. The property's location on FM 1488 offers excellent visibility and accessibility for customers. The building's layout is adaptable and can be customized to suit a variety of retail businesses. The property is classified as retail and is situated at latitude 30.2238573 and longitude -95.5495465. This presents a compelling investment opportunity for entrepreneurs seeking a well-located retail space in a growing Texas market. The existing infrastructure is sound, and the property is ready for immediate occupancy. Serious inquiries are encouraged to explore the potential of this prime retail location. Further details regarding lease terms and potential renovations are available upon request.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Total area 10,320 SF
Lot 0.94 ac (40,729 SF)
Zoning code 2
APN 9105-00-00300
UPID US83-2460246
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
Current use
Occupant on record · Public records
  • Shipley Do-Nuts Bakery Discount Store
  • Buck’$ Pawn Discount Store (Bike/Boat/Book/etc) Store
  • Dr. Troy C. Bonin, DDS Dental Office
  • World Smoke/Vape Shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Vent Cleaning Pros Magnolia Tx Washer & Dryer Repair Service Air Duct Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$440k
CAP Approach CAP
by Request
Comparable Approach Comparable
$563k
Blend (final) Blend
$505k
Owner & transaction history
Rakesh Joshi · 9 yrs held
Rakesh Joshi
since 2016
5 recorded transactions
2021
Price N/A
2016
Price N/A
2005
Price N/A
1998
Price N/A
1969
Price N/A
Zoning & alternative use
2 · Magnolia, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $605,000 +6.2%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5403 Fm 1488th Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message