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20800 FM 1488 Rd 2,400 SF Retail Building Magnolia, TX 77355 $1,500,000 ($625/SF) 4.80% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Heavy Traffic/Demographic
  • Current tenant is on a month to month basis

EXECUTIVE SUMMARY

High-Traffic Multi-Use Facility with Dedicated RV Service Bays on FM 1488
Body: Seize a prime real estate opportunity with this versatile 1.5-acre property, featuring a 2,400 sq ft main building and specialized service areas. The building is intelligently divided, with approximately 1,200 sq ft dedicated to a front retail center, reception, and office space, while the other 1,200 sq ft functions as an indoor repair shop.
A key feature includes multiple high-clearance lean-tos attached to the main building, providing covered workspace specifically designed for taller vehicles like RVs and commercial rigs. This allows for protected outdoor repairs and service. The facility boasts an expansive 230+ feet of frontage on the newly expanded four-lane FM 1488, providing unmatched visibility and high traffic volume. A tenant is currently in place on a month-to-month lease, providing flexibility for an owner-user to either take immediate occupancy or retain a holding income.
• 1.5-acre lot with direct FM 1488 access
• 230+ feet of high-traffic road frontage
• 2,400 sq ft main building with retail/office and indoor repair shop
• Multiple high-clearance lean-tos for covered outdoor RV service.
• Perfect for RV, truck, or auto repair businesses
• Month-to-month tenant provides income or occupancy option.
• Located on newly expanded four-lane corridor.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,400 SF
Building Class
C
Year Built
1995
Price
$1,500,000
Price Per SF
$625
Cap Rate
4.80%
NOI
$72,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.61 AC
Zoning
NONE - Property is unrestricted in the unicorporated area of Magnolia. Tenant wants to stay in place but currently a month to month, just needs 30 to vacate.
Frontage
231’ on Farm to Market Road 1488

AMENITIES

  • Controlled Access
  • Corner Lot
  • Fenced Lot
  • Freeway Visibility
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Storage Space
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Thornton Rv & Collision
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Thornton Rv & Collision - - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7125-00-03400
Land Assessment
$136,692
Improvements Assessment
$225,429
Total Assessment
$362,121
  • Listing ID: 35418644

  • Date on Market: 4/8/2025

  • Last Updated:

  • Address: 20800 FM 1488 Rd, Magnolia, TX 77355

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