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    6103 Fm 1488 Rd Magnolia, TX 77354
    Property profile & analytics

    6103 Fm 1488 Rd Magnolia, TX 77354

    View on Map
    • Freestanding property
    • 3,000 SF
    Off-Market
    Property ID
    US83-2260213
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mattress Firm Magnolia Egypt / Furniture & Home Goods
    • Bahama Buck's - Magnolia / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 6103 Fm 1488 Rd

    Property size
    3,000 SF
    Property type
    Freestanding property

    Description

    This exceptional free-standing retail building, located at 6103 FM 1488 in Magnolia, Texas (Montgomery County, zip code 77354), offers a prime opportunity for businesses seeking a high-visibility location. The property boasts a total of 3,000 square feet, with one space currently available, measuring 2,800 square feet. Its classification as a free-standing building ensures excellent street frontage and ample parking, providing optimal accessibility for customers. The building's retail zoning makes it suitable for a wide variety of commercial uses. Situated in the thriving community of Magnolia, Texas, this property benefits from a strong local economy and a growing population. The convenient location along FM 1488 ensures high traffic volume and excellent visibility, making it an ideal location to establish or expand a business. This is a rare opportunity to acquire a well-positioned retail space in a desirable market. The property's size and layout offer flexibility for various business needs, making it an attractive investment for both established businesses and new ventures. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property is located at 30.223568474109882, -95.56005436656899.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.560054366569
    Latitude
    30.22356847411

    Comparable in this City

    • $15 SF/Yr
      3,000 SF

      Retail Space in Magnolia, Texas

      Retail space available for lease in Magnolia, Texas.
      6311 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $12 SF/Yr
      8,025 SF

      Retail Space on FM 1488

      Retail space with high visibility and signage available for lease.
      17655 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $12 SF/Yr
      8,025 SF

      Retail End Cap Space Available

      Retail space with high visibility and signage opportunities.
      17529-17665 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Retail Space in The Woodlands

      Retail spaces available in a 42,030 SF shopping center.
      30420 Farm To Market Rd 2978, The Woodlands, TX 77354
      View Details
    • Contact for pricing
      5,365 SF

      Magnolia Office/Retail Space For Rent

      Prime Magnolia office or retail space with high visibility.
      6110 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space in Magnolia, TX

      Up to 20,000 sqft retail space available for lease.
      Carraway Ln, Magnolia, TX 77354
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      New Construction Retail/Office/Medical Space

      New construction retail, medical, or office space in Magnolia, TX.
      1316 Sendera Ranch Dr, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Retail/Office Flex/Showroom Space

      Retail/office flex/showroom space available in a growing area.
      32403 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Commercial Land For Mixed-Use Development

      Commercial land suitable for retail, office, or medical development.
      30045 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      HEB Anchored Mixed-Use Development

      New mixed-use development with shopping center space and pad sites.
      13663 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      1,350 SF

      New Office Condominium Project

      Office condominiums in high-demand area, perfect for small business owners.
      28789 Hardin Store Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Restaurant Retail Space Available

      Retail space for sale at FM 1488 and Windcrest.
      9201 Fm 1488 Rd, Magnolia, TX 77354
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      3,000 SF

      Retail Space in Magnolia, Texas

      Retail space available for lease in Magnolia, Texas.
      6311 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $12 SF/Yr
      8,025 SF

      Retail Space on FM 1488

      Retail space with high visibility and signage available for lease.
      17655 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Retail Space in The Woodlands

      Retail spaces available in a 42,030 SF shopping center.
      30420 Farm To Market Rd 2978, The Woodlands, TX 77354
      View Details
    • $12 SF/Yr
      8,025 SF

      Retail End Cap Space Available

      Retail space with high visibility and signage opportunities.
      17529-17665 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      5,365 SF

      Magnolia Office/Retail Space For Rent

      Prime Magnolia office or retail space with high visibility.
      6110 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space in Magnolia, TX

      Up to 20,000 sqft retail space available for lease.
      Carraway Ln, Magnolia, TX 77354
      View Details
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    Magnolia, TX 77354
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    6103 Fm 1488 Rd, Magnolia, TX, 77354
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