Property profile

814 Honea Egypt Rd Magnolia, TX 77354

OFF-MARKET
Retail space
Property ID
US83-2394011
5,804 SF 0.42 ac lot Built 2014
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This 4,152 square foot Class C retail storefront, built in 2014, is situated on a 0.42-acre lot at 814 Honea Egypt Rd, Magnolia, TX 77354. The property enjoys a prime location on heavily trafficked FM 2978, boasting a daily vehicle count of 28,631. Its strategic position just north of the intersection of FM 1488 and FM 2978, one of Montgomery County's busiest intersections, ensures high visibility and accessibility. The surrounding area is experiencing significant growth, with nearby developments including the expansive 3,000-acre Woodforest master-planned community, home to over 13,000 residents and featuring numerous residential neighborhoods, parks, and commercial amenities. This thriving community, coupled with new commercial developments in the immediate vicinity, creates a strong potential for future retail and commercial growth, making this storefront an excellent investment opportunity. The property's location within Montgomery County, Texas, offers easy access to major transportation routes and a robust consumer base. This well-positioned retail space presents a compelling opportunity for businesses seeking a high-traffic location within a rapidly expanding area. The building itself is a 2014 construction, offering modern amenities and the potential for customization to suit a variety of retail uses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2014
Total area 5,804 SF
Lot 0.42 ac (18,400 SF)
Zoning code 2
APN 9495-04-34700
UPID US83-2394011

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
  • Alternative Medicine Practice Spa & Massage Center
  • Construction Company General Contractor
  • Association / Organization
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • (Bike/Boat/Book/etc) Store

Location

814 Honea Egypt Rd Magnolia, TX 77354-3863
Magnolia metro Census 690501 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2018
Price N/A
2014
Price N/A
2012
Price N/A
1969
Price N/A

Zoning & alternative use

2 · Magnolia, TX

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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