All Photos
General Description
minimizeThe property is being sold as a "covered land play" for an investor. This tract is well positioned in the booming market of the Woodlands/Magnolia area. With explosive population growth all around and unbeatable visibility the property poses a great opportunity for an investor to own a class A property in a growing area with an operating storage facility currently bringing in revenue! The property sits on FM 1488 which is a major thoroughfare cutting through the Woodlands area all the way to Magnolia and beyond. It provides easy access to the back of The Woodlands or Magnolia for commuters taking I-45 from Houston. Currently the section of FM 1488 in front of the subject property sees an average of 35,000 +/- vehicles per day. This is a very unique opportunity for an investor looking to have 1488 frontage for a new development while offsetting holding expenses with a functioning storage facility.
Exterior Features
Additional Information
Financial Information
Selling Agent and Brokerage
minimizeProperty Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $-- | $315,000 | 0.00% | $315,000 | 0.00% |
| 2022 | $-- | $315,000 | 34.83% | $315,000 | 34.83% |
| 2021 | $-- | $233,630 | 16.82% | $233,630 | 16.82% |
| 2020 | $-- | $200,000 | 0.00% | $200,000 | 0.00% |
| 2019 | $-- | $200,000 | 0.00% | $200,000 | 0.00% |
| 2018 | $-- | $200,000 | $200,000 |
2023 Montgomery County Appraisal District Tax Value
| Market Land Value: | $160,000 |
| Market Improvement Value: | $155,000 |
| Total Market Value: | $315,000 |
2023 Tax Rates
| EMERGENCY SVC DIST 10: | 0.0852 % |
| MONTGOMERY COUNTY: | 0.3742 % |
| MONTGOMERY CO HOSPITAL: | 0.0502 % |
| LONE STAR COLLEGE: | 0.1078 % |
| MAGNOLIA ISD: | 1.1472 % |
| Total Tax Rate: | 1.7646 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 2,101 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 463 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 Subdivision Facts
Schools
minimizeSchool information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
ASSIGNED SCHOOLS
Good |
View Nearby Schools ↓
Property Map
minimize7427 FM 1488 Rd Magnolia TX 77354 was recently sold. It is a 0.46 Acre(s) Lot, in Westwood 01.
View all homes on FM 1488
Click to view phone
Email Broker
items