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$1,600,000

5319 Fm 1488 Rd, Magnolia, TX, 77354

On MarketInfo
Just AddedInfo
CommercialInfo
Beds— Beds
Baths— Bath
Baths2,778 Sq Ft
Year BuiltBuilt in 1993

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size42,515 sqft

Building Information

Year Built1993
Garage Spaces1

Land Information

APN9105-00-00100
SubdivisionSweetgum Forest
Land UseCommercial
Legal DescriptionS910500 - SWEETGUM FOREST, TRACT A, ACRES 0.976
Census Tract690608
Assessed Land Value$425,146
Assessed Improvement Value$171,305
Assessment Year2025

About this property

UNRESTRICTED COMMERCIAL OR RESIDENTIAL HIGH-VISIBILITY FULLY FENCED CORNER LOT WITH TWO SHOPS, ~260' OF STREET FRONTAGE, AND TWO GATED ENTRANCES OFF 1488 & LOIS LN. Improvements include a ~400 SF built-out office building or shop and a ~2,300 SF shop with four roll-up doors, a bathroom, and seperate area for private office or storage. Previously operated as an automotive shop and currently an industrial storage & corporate office, the property offers exceptional flexibility for commercial or residential use and is NOT located in a flood zone. Private well and septic in-place with public utilities available. Magnolia is one of the fastest-growing areas in the Houston MSA, located just 10 minutes off I-45, 15 minutes from Conroe/Grand Central Park, and 15 minutes to The Woodlands. The 3-mile avg. household income exceeds $150k annually, with an area population growth of +160% from 2020 to 2026.

Investor Tools

$808,559Estimated Mortgage Balance
$596,451Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

Interested in this property?

Timothy Adams

Jane Byrd Properties International LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,034/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,429
$596,451
2025
$425,146
$171,305
$596,451
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,429
$596,451

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zb Na
Purchase Money Mortgage
$475,000
No
First
Jan 13, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$808,559
N/A
0%
136%
$5,199/mo

City: Magnolia

5319 Fm 1488 Rd | Property Details | No Agent List