507 Magnolia Blvd
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507 Magnolia Blvd
3,506 SF Retail Building Magnolia, TX 77355 $785,000 ($224/SF) 3% Cap Rate
Investment Highlights
- Magnolia Town Center
- Located on Magnolia Stroll
- Corner Lot with Metal Shop and Storefront/Office
Executive Summary
Prime real estate in the heart of Magnolia Proper! Located on the corner of FM 1774 and Buddy Riley Blvd. Currently leased to an automotive shop through June 30, 2026. 6,900 SF lot with 3,850 SF building. Backs up to the Magnolia Stroll.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,506 SF
Building Class
C
Year Built
1981
Price
$785,000
Price Per SF
$224
Cap Rate
3%
NOI
$23,550
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.16 AC
Zoning
2 - Magnolia Town Center: Mixed commercial, civic and residential uses, Commercial retail and office, Public/institutional, Entertainment, Public Spaces
Parking
9 Spaces (2.57 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Triple D Transmission Center
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Triple D Transmission Center | Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7120-00-11400 | Total Assessment | $365,000 (2024) |
| Land Assessment | $55,200 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $309,800 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
7120-00-11400
Land Assessment
$55,200 (2024)
Improvements Assessment
$309,800 (2024)
Total Assessment
$365,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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507 Magnolia Blvd
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