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507 Magnolia Blvd 3,506 sq ft Retail Property Magnolia, TX 77355 £584,676 (£166.76/sq ft) 3% Net Initial Yield
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. Zoning not likely to allow current use/automotive. Zoned Town Center. See City of Magnolia Website for Zoning information.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| 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 sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
3,506 sq ft
Costar Property Class
C
Year Built
1981
Price
£584,676
Price per sq ft
£166.76
Yield
3%
NOI
£17,540
Tenancy
Single
Number of Floors
1
Plot ratio
0.51
Total Plot Size
0.16 ac
Use Class
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 sq ft Leased)
Frontage
AMENITIES
- Corner Lot
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Triple D Transmission Center
- Service type
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Triple D Transmission Center | Service type | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7120-00-11400 | Total Assessment | £214,824 (2025) |
| Land Assessment | £41,114 (2025) | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £173,711 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
7120-00-11400
Land Assessment
£41,114 (2025)
Improvements Assessment
£173,711 (2025)
Total Assessment
£214,824 (2025)
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2023
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507 Magnolia Blvd
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