Property profile

6209 Fm 1488th Rd Magnolia, TX 77354

OFF-MARKET
Retail space
Property ID
US83-2385363
10,736 SF 1.19 ac lot Built 2012
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2012
Total area 10,736 SF
Lot 1.19 ac (51,619 SF)
APN 5926-00-00400
UPID US83-2385363

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering
  • Restaurant
  • Restaurant
  • Bakery Specialty Food Shop

Location

6209 Fm 1488th Rd Magnolia, TX 77354-2508
Magnolia metro Census 690608 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
by Request
Comparable Approach Comparable
$934k
Blend (final) Blend
$775k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2014
Price N/A
2004
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.3M +114.7%
Restaurant $1.2M +108.2%
Auto repair, garage $1.1M +87.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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