South side of Dobbin Huffsmith Rd

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South side of Dobbin Huffsmith Rd

Magnolia, TX 77354
Asking Price
$3.20M
Asset Type
Commercial Land
Class
Class B

What's Special

South side of Dobbin Huffsmith Rd at Oakwood Ln, Magnolia, TX 77354 <div><div><div><div><div><div><div><ul><li>​Approximately 339’ of frontage on Dobbin Huffsmith Rd  </li><li>​Strategically located on high growth corridor in rapidly growing Magnolia, TX</li><li>​Adjacent to Woodhavyn Master Planned Community by Shea Homes</li><li>​Less than 4-miles east of FM 149 Rd intersections</li><li>​Less than 3-miles west of FM 2978 Rd intersection</li><li>​Selling at land value only as-is, where-is </li><li>​Unrestricted </li><li>​No floodplain</li></ul></div></div></div

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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248

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