1.4 acres ale dr site
TRANSCRIPT
ROB WHITAKER | JOE BURKE | 281.477.4300
1.4 ACRES - FM 1488 & GABLENWC OF FM 1488 & GABLE CIRCLE | MAGNOLIA, TX 77354
ONE-USE DEVELOPMENT SITE FOR SALE ALONG MAJOR GROWTH CORRIDOR
MOSTYN MANOR235 HOMES
MOSTYN MANOR235 HOMES
THOUSAND OAKS878 HOMES
THOUSAND OAKS878 HOMES
FA R M
R OA D
1488
GA
BLE
CIR
CLE
GA
BLE
CIR
CLE
MA
NO
R D
R
MA
NO
R D
R
BARKSDALE DRBARKSDALE DR
WATER OAK DRWATER OAK DR
CO
UN
TRY
FOR
SET DR
1,074
VPD
CO
UN
TRY
FOR
SET DR
1,074
VPD
STALLION CTSTALLION CT
PIN OAK DRPIN OAK DR
THO
USA
ND
OA
KS
BLV
DTH
OU
SAN
D O
AK
S B
LVD
LIVE OAK DR
LIVE OAK DR
SITE1.4 Acres
25,251 VPD25,251 VPD
MAGNOLIAPARKWAY
ES
MAGNOLIAPARKWAY
ES
Vintage SquareShopping Mall
TEXASAUTO GEAR
TEXASAUTO GEAR
TINY PEOPLECHILDCARE
TINY PEOPLECHILDCARE
MAGNOLIAVETERINARYMAGNOLIA
VETERINARY
CommercialDevelopment
CommercialDevelopment
FutureResidential
Houston
Humble Atascocita
Kingwood
Baytown
Sheldon
Channelview
Texas City
Galveston
Pearland
Pasadena La Porte
Dickinson
Katy
Fulshear
Conroe
The Woodlands
Spring
Tomball
MagnoliaTodd Mission
Chappel HillHempstead Prairie View
Waller
Bellville
Sealy Brookshire
Plantersville
MontgomeryNavasota
CollegeStation
Cypress
45
10
45
45
10
10610
59
5990
90
TOLL
99
TOLL
99
TOLL
249
TOLL
99
TOLLWAY
HCTRA
TOLLWAY
HCTRA
TOLLWAY
HCTRA
FA R M
R OA D
1960
290
T E X A S105
T E X A S149
T E X A S105
T E X A S288
T E X A S225
T E X A S146
T E X A S146
T E X A S336
T E X A S242
T E X A S249
T E X A S149
FA R M
R OA D
2920
FA R M
R OA D
1774
TOLLWAY
WESTPARK
6T E X A S
6T E X A S
Richmond
FA R M
R OA D
1093
TOLL ROADAUTHORITY
F O R T B E N DC O U N T Y
8B E LT WAY
8B E LT WAY
FA R M
R OA D
1463
30T E X A S
90T E X A S
244T E X A S
3090T E X A S
19T E X A S
190
Willis
Huntsville
Anderson
New Waverly
Washington
Brenham
Montgomery
Bryan
Cinco Ranch
P R O P E R T Y I N S I G H T S
• Ideal use development opportunity less than 7 minutes (2.3 miles) to the on-ramp of the Aggie Expressway
• Strategic location within the Magnolia ETJ and less than 5 miles east from downtown Magnolia along highly-trafficked FM 1488
• Numerous single-family residential developments underway with many commercial plans approved
• Corner tract
• All utilities available
• Unrestricted
USER DEVELOPMENT SITE FOR SALE ONMAJOR GROWTH CORRIDOR FM 1488
JOE BURKEMBA, USMC-RETIRED
ROB WHITAKER
39,028Current Population Within a 5-Mile Radius
$Average HHI Within a 3-Mile Radius
PROPERTY HIGHLIGHTS
► APPROXIMATE SIZE: ±1.4 acres
► PRICE: $549,000
► SCHOOL DISTRICT Magnolia ISD
► UTILITIES: Located at site
► FRONTAGE: Approx. 200 ft. on FM 1488
► TRAFFIC COUNTS: Approx. 25,251 VPD on FM 1488
► RESTRICTIONS: Unrestricted
5.5%Population Growth Within a 3-Mile Radius from 2010 to 2021
144,201
Lake Windcrest Golf Course
Lake Windcrest Golf Course
Woodlands CoutryClub Course
Woodlands CoutryClub Course
WindcrestLake
Old MillLake
HallLake
VENTURAVENTURA
PINEHURSTPINEHURST
LYNWOODLYNWOOD
CAMPWOODCAMPWOOD
TALL OAKSTALL OAKS
GREEN TREEGREEN TREE
FOREST WESTFOREST WEST
ASCOT FARMSASCOT FARMS
THE ACREAGETHE ACREAGE
MOSTYN MANORMOSTYN MANOR
DECKER HILLSDECKER HILLS
OLD MILL LAKEOLD MILL LAKE
MILL CREEKMILL CREEK
THOUSAND OAKSTHOUSAND OAKS
CHAMPION GLENCHAMPION GLEN
DURANGO CREEKDURANGO CREEK
LAKE WINDCRESTLAKE WINDCREST
COUNTRY FORESTCOUNTRY FOREST
PARK PLACE WESTPARK PLACE WEST
WOODLANE FORESTWOODLANE FOREST
FOREST CROSSINGFOREST CROSSING
RIDGEWOOD NORTHRIDGEWOOD NORTH
MILLERS CROSSINGMILLERS CROSSING
OAKHURST ESTATESOAKHURST ESTATES
CANTERBURY RANCHCANTERBURY RANCH
WILDWOOD ESTATESWILDWOOD ESTATES
ROYAL OAKS NORTHROYAL OAKS NORTH
CIMARRON COUNTRYCIMARRON COUNTRY
SILVERADO RANCHESSILVERADO RANCHES
FALLS OF WILDWOODFALLS OF WILDWOOD
LONG LAKE ESTATESLONG LAKE ESTATES
OAK CREST ESTATESOAK CREST ESTATES
WINDCREST ESTATESWINDCREST ESTATES
INVERNESS CROSSINGINVERNESS CROSSING
HIDDEN LAKE ESTATESHIDDEN LAKE ESTATES
WILDWOOD ACRES WESTWILDWOOD ACRES WEST
WOODLAND OAKS NORTHWOODLAND OAKS NORTH
SENDERA LAKE ESTATESSENDERA LAKE ESTATES
HERITAGE FARMS NORTHHERITAGE FARMS NORTHMAGNOLIAHS
MAGNOLIAHS
MAGNOLIAPARKWAY
ES
MAGNOLIAPARKWAY
ES
SHERWOODSPORTHORSES
SHERWOODSPORTHORSES
OILFIELD STEELSUPPLY
OILFIELD STEELSUPPLY
TECPAC PLASTICS& SEALS
TECPAC PLASTICS& SEALS
HIGHLAND ESTATES NORTHHIGHLAND ESTATES NORTH
CEDRIC C SMITHES
CEDRIC C SMITHES
DERETCHINES
DERETCHINES
BEAR BRANCHJHS
BEAR BRANCHJHS
BEAR BRANCHES
BEAR BRANCHES
LINCOLNMANUFACTURING
LINCOLNMANUFACTURING
FA R M
R OA D
1488
FA R M
R OA D
2978
FA R M
R OA D
149
S P U R
149
TOLL
249
SOUTH
TERRAMONT DR
TERRAMONT DR
HU
FFSM
ITH
-DO
BB
IN R
DH
UFF
SMIT
H-D
OB
BIN
RD
WOODLANE BLVDWOODLANE BLVD
BEC
KY LN
BEC
KY LN
SENDERA DRSENDERA DR
SUP
ER
IOR
RD
SUP
ER
IOR
RD
VIC
KIE LN
VIC
KIE LN
ROU
ND
UP
ROU
ND
UP
EDGEWATER DR
EDGEWATER DR
MILLER RD
MILLER RD
DEER LODGE RDDEER LODGE RD
KAREN LN
KAREN LN
MANO
R DR
MANO
R DR
TAM
INA
RD
TAM
INA
RD
RRDD
EESSIIRR
NNUU
SS
SUPERIOR LNSUPERIOR LN
SPINN
AKER RUN
SPINN
AKER RUN
COUNTRY FOREST DR
COUNTRY FOREST DR
MO
STYN
DR
MO
STYN
DR
COM
MUNIT
Y RD
COM
MUNIT
Y RD
CO
RP
OR
ATE
WO
OD
S D
RC
OR
PO
RA
TE W
OO
DS
DR
MO
OR
E R
DM
OO
RE
RD
CA
RR
ING
TON
DR
CA
RR
ING
TON
DR
WEST RDWEST RD
CLUBHOUSE CIRCLUBHOUSE CIR
REVELWOODREVELWOOD
GA
RA
ND
RD
GA
RA
ND
RD
DEER PATH LNDEER PATH LN
CRESTWATER CIRCRESTWATER CIR
PRINE LNPRINE LN
OAK BLUFF DROAK BLUFF DR
ADAMS LN
ADAMS LN
WEDGEWOODWEDGEWOOD
HAYDEN DRHAYDEN DR
GARWOOD DR
GARWOOD DR
GA
BLE
CIR
CLE
GA
BLE
CIR
CLE
FRE
EM
ON
T RD
FRE
EM
ON
T RD
RAMBLEWOOD DRRAMBLEWOOD DR
NICKABURR CREEK DRNICKABURR CREEK DR
BLACK FOREST DRBLACK FOREST DR
CHARRED PINE DRCHARRED PINE DR
DESOTA RDDESOTA RD
E M
ON
TFA
IR B
LVD
E M
ON
TFA
IR B
LVD
E BORDER OAK DRE BORDER OAK DR
PRESLEY DRPRESLEY DR
TALL OAKS WAY
TALL OAKS WAY
W BO
RDER O
AK D
R
W BO
RDER O
AK D
R
MIL
LER
RD
MIL
LER
RD
SITE
A E R I A L S + A C R E A G E
E X E C U T I V E S U M M A R Y
Magnolia, Texas is located in southwest Montgomery County, nationally ranked as 7th in growth among U.S. counties. A short drive from Houston, Magnolia is poised for expansion with the arrival of the SH 249 Toll Way and major corporations like ExxonMobil moving into the area. At the crossroads of progress, Magnolia is still a place where neighbors help neighbors – a place to call home or grow your business.
The City of Magnolia is located the junction of FM 1774 and FM 1488, approximately 45 miles northwest of Houston and 25 miles southwest of Conroe. We are approximately 20 miles from both I-45 and US 290 – two of Houston’s main highway systems. The greater Magnolia area spans approximately 12 miles in all directions with an estimated population of more than 138,000.
Montgomery County is one of the fastest growing areas in the state. The quality of life offered by Magnolia makes it an easy choice for families, empty, empty nesters, and business executives alike. Here, peaceful pastures and lush pine forests co-exist in harmony with long-standing family businesses and new entrepreneurial ventures.
Throughout the years, this area has seen many changes, going from a railroad town and agriculture community to a “bedroom community” where residents may work in another city or county but live, pay taxes and spend most of their income in their city. With the widening of highway FM 1488, and now FM 1774, Magnolia will continue to grow with changes, challenges and ever evolving image.
Source: https://www.cityofmagnolia.com/
Houston
Galveston
Pearland
Pasadena La Porte
Dickinson
Katy
Conroe
The Woodlands
Tomball
Magnolia
Todd Mission
Waller
Bellville
Sealy Brookshire
MontgomeryNavasota
CollegeStation
Cypress
45
10
45
45
10
10610
59
5990
90
TOLL
99
TOLL
99
TOLL
99
TOLLWAY
HCTRA
TOLLWAY
HCTRA
TOLLWAY
HCTRA
FA R M
R OA D
1960
290
T E X A S105
T E X A S149
T E X A S105
T E X A S288
T E X A S225
T E X A S146
T E X A S146
T E X A S336
T E X A S242
T E X A S249
FA R M
R OA D
2920
FA R M
R OA D
1774
TOLLWAY
WESTPARK
6T E X A S
6T E X A S
Richmond
FA R M
R OA D
1093
TOLL ROADAUTHORITY
F O R T B E N DC O U N T Y
8B E LT WAY
8B E LT WAY
FA R M
R OA D
1463
30T E X A S
90T E X A S
244T E X A S
3090T E X A S
19T E X A S
190Huntsville
Cinco Ranch
JOE BURKE MBA, USMC-RETIRED
CONTACT OUR ADVISORS:
ROB WHITAKER
38 MIN
15 MIN
36 MIN
42 MIN
48 MIN
39 MIN TO KATY
49 MIN
HOUSTON
AUSTIN
SAN ANTONIO
DALLASFORT
WORTH
140KTRADE AREAPOPULATION
GROWTH INDEX
Estimated 30% growth in population by 2040
County seat of Montgomery, the 6th fastest-growing county in U.S.
“WE’RE LOOKING FORWARD TO EXPANDING INTO...[MAGNOLIA] AND DEVELOPING A SIGNATURE COMMUNITY THAT WILL SET A TREND FOR DEVELOPMENT IN THIS AREA.”
SOURCE: STEVE SELLERS, EMPIRE CONTINENTAL LAND PRESIDENT
DEVELOPMENT INDEX
ETJ RE-ZONING EXPANSIONExpanded to FM 149 spur at FM 1488
S&P GLOBAL RATINGSRecent Double A bond rating
RETAIL CENTERSMagnolia Place, a 40K-SF, mixed-use development with HEB as anchor, 618 family units, 120 townhomes, and estimated to increase city sales tax by 2%
WORK/LIFE/PLAYAudubon Magnolia, a 3,300-acre master-planned community with 5,000+ homes at build-out
$20M Magnolia Lights, the fi rst mixed-use development in Magnolia, with 131 residential units and 20,000 SF of retail spanning 4 fl oors
EDUCATION INDEX
95.2%High school diploma
21.7%Bachelor’s degree or higher
5 Universities within 1 hour:
AWARDED BYSCENIC TEXAS2015 2020
REGIONAL HIGHLIGHTS
2010 Census, 2020 Estimates with Delivery Statistics as of 04/21DEMOGRAPHICS
POSTAL COUNTS 1 MILE 3 MILES 5 MILESCurrent Households 782 3,651 12,789
Current Population 2,348 11,027 39,028
2010 Census Average Persons per Household 3.3 3.3 3.4
2010 Census Population 1,499 6,865 27,772
Population Growth 2010 to 2021 5.1% 5.5% 3.7%
CENSUS HOUSEHOLDS 1 MILE 3 MILES 5 MILES1 Person Household 10.60% 10.70% 13.10%
2 Person Household 34.10% 33.20% 31.30%
3+ Person Household 19.90% 19.60% 19.10%
Owner-Occupied Housing Units 92.40% 86.90% 84.70%
Renter-Occupied Housing Units 7.60% 13.10% 15.30%
RACE AND ETHNICITY 1 MILE 3 MILES 5 MILES2021 Estimated White 86.90% 83.80% 81.80%
2021 Estimated Black or African American 3.20% 3.50% 3.70%
2021 Estimated Asian or Pacific Islander 3.60% 5.60% 4.70%
2021 Estimated Other Races 3.30% 4.20% 6.70%
2021 Estimated Hispanic 11.50% 13.0% 20.20%
INCOME 1 MILE 3 MILES 5 MILES2021 Estimated Average Household Income $127,428 $144,201 $133,189
2021 Estimated Median Household Income $139,841 $112,988 $100,312
2021 Estimated Per Capita Income $42,434 $47,756 $43,649
EDUCATION (AGE 25+) 1 MILE 3 MILES 5 MILES2021 Estimated High School Graduate 25.10% 25.40% 26.10%
2021 Estimated Bachelors Degree 24.20% 24.60% 24.20%
2021 Estimated Graduate Degree 12.60% 10.60% 11.00%
AGE 1 MILE 3 MILES 5 MILES2021 Median Age 40 38.7 36.6
Information About Brokerage ServicesTexas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKER is responsible for all brokerage activities, including acts performed by sales agents
sponsored by the broker.• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):
• Put the interests of the client above all others, including the broker’s own interests;• Inform the client of any material information about the property or transaction received by the
broker;• Answer the client’s questions and present any offer to or counter-offer from the client; and• Treat all parties to a real estate transaction honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the pro erty or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who
will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:
• Must treat all parties to the transaction impartially and fairly;• May, with the parties’ written consent, appoint a different license holder associated with the broker
to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.
• Must not, unless specifically authorized in writing to do so by the party, disclose:• that the owner will accept a price less than the written asking price;• that the buyer/tenant will pay a price greater than the price submitted in a written offer; and• any confidential information or any other information that a party specifically instructs the broker
in writing not to disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.
Licensed Broker/Broker Firm Name orPrimary Assumed Business Name
Designated Broker of Firm
Licensed Supervisor of Sales Agent/Associate
Sales Agent/Associate’s Name
License No.
License No.
License No.
License No.
Phone
Phone
Phone
Phone
Buyer/Tenant/Seller/Landlord Initials Date
Regulated by the Texas Real Estate Commission (TREC) | Information available at http://www.trec.texas.gov
The information herein is subject to errors or omissions and is not, in any way, warranted by NewQuest Properties or by any agent, independent associate or employee of NewQuest Properties. This information is subject to change without notice.
8827 W. Sam Houston Parkway N. | Suite 200 | Houston, Texas 77040 | 281.477.4300
Home Asset, Inc., dba NewQuest Properties 420076 - (281)477-4300
H. Dean Lane, Jr. 366134 [email protected] (281)477-4300
H. Dean Lane, Jr. 366134 [email protected] (281)477-4300
MS2229_DK_07.09.21