26702 Marek LnMagnolia, TX 77355

Property Details for 26702 Marek Ln

Year built

1989

Lot size

0.34 AC

Property size (Sq ft)

1,800 SF

Zone code

2

Property type

Auto shops

APN

4035-00-06800

APU

40350006800

Description

This ±1,800 square foot auto shop, situated on a ±0.34-acre lot in Magnolia, Texas, presents a compelling investment opportunity. The building, measuring approximately 30' x 60', features four roll-up doors—one 12 feet wide and three 8 feet wide—all with a 10-foot height, providing ample access for vehicles and equipment. Inside, you'll find a functional workshop space complemented by a 10' x 18' office and a half-bath. The sale includes valuable equipment: a 2-ton car lift, an Ingersoll Rand air compressor (170 psi, 1 hp), a compressor, and an oil dump tank. Located in Montgomery County and within the Magnolia ISD, this property benefits from a 2023 total tax rate of $1.76 per $100 of assessed value. A comprehensive demographic package is available upon request, providing further insights into the market potential. The asking price is $350,000, translating to $194.44 per square foot. This property is zoned for retail and industrial use and is categorized as both an auto shop and warehouse. The address is 26702 N Marek Ln, Magnolia, TX 77355.

• CAP approach

  CAP return

  Valuation

  6%

  $727,379

  6.5%

  $671,427

  7%

  $623,468

• Comparable approach

  Method

  Valuation

  Relative Method

  $856,758

  Geo Method

  $1,358,033

• Alternative Use

  Use

  Valuation

  Residential

  $566,374

  Hospitality

  $518,795

  Educational

  $431,632

  Medical

  $446,476

  Retail

  $671,427

Location Insight

City

Magnolia

County

Montgomery

State

Texas

Latitude

30.1341

Longitude

-95.7437

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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