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Property profile & analytics
FOR LEASE
Retail space

6875 Fm 1488 Rd Magnolia, TX 77354

28,710 SF 2.87 ac lot Built 2004
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US83-2398421
Property summary
AI-generated overview

Woodforest Plaza, located at 6875 FM 1488 in Magnolia, Texas (zip code 77354), presents a compelling retail investment opportunity in Montgomery County. This multi-tenant strip center, featuring a mix of retail and medical space, offers a total of 28,080 square feet. Currently, there is 5,990 square feet of vacant space available, divisible into units ranging from a minimum of 1,710 square feet to a maximum contiguous space of 4,280 square feet. The property boasts ample parking, with a ratio of 5.1 spaces per 1000 square feet. Its strategic location in the thriving Magnolia market provides excellent visibility and accessibility for businesses seeking a presence in this rapidly growing area of Texas. The property's flexible space options cater to a variety of retail and medical tenants, making it an ideal investment for those seeking a strong return on investment in a desirable location. The property's address is easily accessible via FM 1488, providing convenient access for both customers and employees. This is a rare opportunity to secure prime retail space in a high-demand area. Interested parties should inquire promptly for further details and availability.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction FRAME
Total area 28,710 SF
Lot 2.87 ac (124,843 SF)
APN 9495-00-03900
UPID US83-2398421
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
  • Revive Therapy Massage & Spa of Magnolia Alternative Medicine Practice Spa & Massage Center
  • Sweeney Foot & Ankle Specialists Medical Clinic
  • Code Ninjas - The Woodlands North/Magnolia Training Center Tutoring Service
  • Paul Piper, Jr., MD Medical Clinic
  • FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.32M
Owner & transaction history
Woodforest Plaza LLC · 22 yrs held
Woodforest Plaza LLC
since 2003
6 recorded transactions
2021
Price N/A
2003
Price N/A
2001
Price N/A
1999
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.7M +6.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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