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26811 FM 2978
Magnolia, TX 77354
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B
What's Special
26811 FM 2978, Magnolia, TX 77354 <ul><li>±12.16 Acres available at signalized intersection of FM 2978 and Northgrove Pkwy.</li><li>Approx. 480' of frontage on FM 2978 and approx. 300' of frontage on Dobbin Huffsmith.</li><li>Located across from NorthGrove by Toll Brothers master planned residential community; approximately 8.84 miles west of I-45, 3.6 miles east of State Highway 249, and 5.9 miles north of Grand Pkwy [SH 99].</li><li>Approximately 39.17 adjacent acres, also available for assemblage opportunities.</li><li>P
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
