5403 Fm 1488th Rd Magnolia, TX 77354-2524
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.
-
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
2 · Magnolia, TXMagnolia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.