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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6119 Fm 1488th Rd Magnolia, TX 77354-2419

    • Outlet malls
    • 105,416 SF
    • 11.44 lot acres
    OFF-MARKET
    Value Estimations
    $2,245,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2383746
    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.

    Current Use by Public Records

    • Penske Truck Rental / Truck Rental Agency / Moving Supply Store
    • Pro Desk at The Home Depot / Dry Wall Supply Store / Insulation Materials Store
    • Compact Power Equipment Rental / Equipment Rental Agency
    • Garden Center at The Home Depot / Lawn Mower Store / Ready Mix Concrete Supplier
    • Tool & Truck Rental Center at The Home Depot / Equipment Rental Agency / Truck Rental Agency

    Property Details for 6119 Fm 1488th Rd

    Year built
    2004
    Lot size
    11.44 lot acres
    Property size
    105,416 SF
    Property type
    Outlet malls
    APN
    5926-00-00200
    APU
    59260000200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5601
    Latitude
    30.222
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $130,811
    $3,489,808
    $4,380,159
    $7,869,967
    -
    $3,489,808
    $4,380,159
    $7,869,967

    Comparable in this City

    • Value Estimation by Request
      900 SF

      11721 Fm 1488th Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 900 SF
      11721 Fm 1488th Rd, Magnolia, TX 77354-2771
      View Details
    • Value Estimation by Request
      12,375 SF

      1774 & Fm 1488

      Shopping malls • 12,375 SF
      1774 & Fm 1488, Magnolia, TX 77354
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    • Value Estimation by Request
      42,030 SF

      30420 Fm2978

      Lifestyle centers • 42,030 SF
      30420 Fm2978, The Woodlands, TX 77354
      View Details
    • Value Estimation by Request
      94,448 SF

      18535 Fm 1488 Rd

      Neighborhood centers • 94,448 SF
      18535 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      24,000 SF

      1488 And Ml Crk Rd

      Lifestyle centers • 24,000 SF
      1488 And Ml Crk Rd, Magnolia, TX 77354
      View Details
    • Value Estimation by Request
      242,107 SF

      32858-33030 Fm 2978 Rd

      Neighborhood centers • 242,107 SF
      32858-33030 Fm 2978 Rd, Magnolia, TX 77354
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,550 SF

      Retail Space Near H-E-B

      Retail property shadow-anchored by H-E-B in growing Magnolia.
      33108 Magnolia Cir, Magnolia, TX 77354
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    • $6,895,136
      7,000 SF

      Shoppes at Magnolia Circle, TX

      High-growth Magnolia, TX shopping center.
      33108 Magnolia Cir, Magnolia, TX 77354
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    • Contact for pricing
      94,448 SF

      Magnolia Retail Center For Sale

      Grocery anchored retail center at a major intersection in Magnolia, Texas.
      18535 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing

      Magnolia East: Prime Retail Opportunity

      HEB-anchored mixed-use development; pad sites & retail space.
      13663 Fm 1488 Rd, Magnolia, TX 77354
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    • Contact for pricing
      9.18 Acres

      Magnolia Shopping Center Land

      9.18 Acres, Prime Development Site
      30045 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • $1,399,000
      4,080 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

    Similar Nearby for Lease

    • Contact for pricing
      94,448 SF

      Magnolia Medical Office Space for Lease

      Prime Magnolia location, multiple suites available.
      18535 Fm 1488 Rd, Magnolia, TX 77354
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    • Contact for pricing
      242,107 SF

      Magnolia Retail Center Opportunity

      Prime Magnolia retail space, multiple suites available.
      32858-33030 Fm 2978 Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      28,080 SF

      Magnolia Retail Center Opportunity

      Prime Retail Space Available in Magnolia, TX
      6875 Fm 1488 Rd, Magnolia, TX 77354
      View Details
    • $38 SF/Yr
      24,000 SF

      Magnolia Crossing: Retail Space Available

      Prime Magnolia, TX Shopping Center - 24,000 SF
      1488 And Ml Crk Rd, Magnolia, TX 77354
      View Details
    • Contact for pricing
      42,030 SF

      Retail Space in The Woodlands

      Retail spaces available in a 42,030 SF shopping center.
      30420 Farm To Market Rd, The Woodlands, TX 77354
      View Details
    • Contact for pricing
      30,000 SF

      Audubon Retail Center: Magnolia, TX

      Prime Magnolia Retail Space: 30,000 sq ft, A-Class.
      15301 Fm 1488 Rd, Magnolia, TX 77354
      View Details
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    6119 Fm 1488th Rd
    Magnolia, TX 77354-2419
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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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