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$626,417

NAL Estimated Property Value

27008 Fm 2978 Rd, Magnolia, TX, 77354

Off MarketInfo
Baths0 Bath
Baths1,254 Sq Ft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee Owner

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size3.70 acres

Building Information

Year Built1970
Garage Spaces1

Land Information

APN0027-01-04800
SubdivisionMiller Joseph
Land UseCommercial
Legal DescriptionA0027 MILLER JOSEPH, TRACT 12-L, 48, 57, ACRES 3.699
Census Tract690603
Assessed Land Value$256,876
Assessed Improvement Value$369,541
Assessment Year2025

About this property

PRIME LOCATION!! +/- 1,000 Square foot home/office space sitting on a total of +/- 3.7 Unrestricted Acres for Lease located off 2978. Home has been renovated. Large lot ideal for anyone to run or start their business!! Property can be used for either residential or commercial use. Also available for sale.

Investor Tools

Property Icon
$626,417
Estimated Property Value
$912,889Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,900 /month
Positive
Cash Flow Estimate:
$2,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,085/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,892
$626,417
2025
$256,876
$369,541
$626,417
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,892
$626,417

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Commercial Asset Management Llc
Stand Alone Second / Subordinate Position
$950,000
No
First
Mar 6, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$912,889
N/A
0%
146%
$5,696/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Magnolia

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27008 Fm 2978 Rd | Property Details | No Agent List