28811 FM 2978 Rd - Flex FOR SALE


Magnolia, TX 77354
$870,000 USD
936-270-1024
28811 FM 2978 Rd, Magnolia, TX for Sale
$870,000 USD
Flex - FOR SALE
1/16
null | 6.43% Cap Rate

28811 FM 2978 Rd
Magnolia, TX 77354


HIGHLIGHTS

  • 100% Occupied – Both buildings leased to stable tenants providing reliable cash flow.
  • Current NOI: ±$55,900 per year
  • Building Size: ±6,400 SF total (two 3,200 SF structures)
  • Lot Size: ±0.543 acres
  • Year Built: 2020
  • Parking: 12 spaces (2.0 per 1,000 SF)

OVERVIEW

28811 FM 2978 Rd presents a stabilized, fully leased retail and warehouse investment opportunity in the growing Magnolia submarket of Montgomery County. The property consists of two modern ±3,200 SF buildings (±6,400 SF total) situated on ±0.543 acres, each designed with approximately ±1,040 SF of retail or office space and ±2,160 SF of warehouse area. Constructed in 2020, both buildings are occupied by long-term tenants, offering consistent income in a well-established commercial corridor. The property benefits from high visibility and convenient access along FM 2978 at Hardin Store Road, with a traffic count exceeding 9,100 vehicles per day. Located approximately 15 minutes from The Woodlands, the site sits within a rapidly expanding corridor characterized by strong residential and commercial growth.

FOR SALE DETAILS

PRICE

$870,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

6.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

28811 FM 2978 Rd, Magnolia, TX

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.54

LAND SF

23,522

ZONING

N/A

APN/PARCEL ID

0078-01-01410

ASK ABOUT THIS PROPERTY

Ryan HutsonHutson Realty Partners LLCMore Info
936-270-1024

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Ryan HutsonHutson Realty Partners LLCMore Info
936-270-1024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.