6875 Fm 1488 RdMagnolia, TX 77354

Property Details for 6875 Fm 1488 Rd

Year built

2004

Construction

FRAME

Lot size

2.87 AC

Property size (Sq ft)

28,710 SF

Property type

Retail space

APN

9495-00-03900

APU

94950003900

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $11,601,698

  6.5%

  $10,709,260

  7%

  $9,944,313

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,665,296

  Geo Method

  $21,660,626

• Alternative Use

  Use

  Valuation

  Residential

  $9,033,661

  Hospitality

  $8,274,785

  Educational

  $6,884,524

  Medical

  $7,121,294

  Retail

  $10,709,260

Location Insight

City

Magnolia

County

Montgomery

State

Texas

Latitude

30.2204

Longitude

-95.5709

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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