For Sale — Commercial Building

28809 Hardin Store Rd — Bldg. 400

28809 Hardin Store Rd, Bldg. 400, Magnolia, TX 77354 · FM 2978 Corridor · Minutes from The Woodlands & Tomball
$1,250,000
Asking Price
4,050 SF
Building
~$309/SF
Price per SF
5 Suites
Configuration
FM 2978
Road Frontage
Magnolia, TX
Market

Property Overview

4,050 SF commercial building at 28809 Hardin Store Rd, Bldg. 400, in Magnolia, TX 77354 — positioned along the FM 2978 corridor, one of the primary commercial arteries connecting Magnolia to The Woodlands and Tomball markets.

The building is configured as 5 private suites designed for small-suite absorption and flexible tenancy: Suite 1 (974 SF), Suite 2 (826 SF), Suite 3 (499 SF), Suite 4 (1,112 SF), and Suite 5 (626 SF). Suites can be combined for larger footprints as needed. Shared common-area amenities include a conference room, break room, and two restrooms.

Well-suited for professional office, service, retail, and a wide range of user types. The 5-suite layout supports diversified tenancy, giving an investor buyer multiple near-term lease paths to stabilization and recurring income.

Priced at $1,250,000 — a direct listing with Pablo, Lewis Walker, and Gabriela Duran at Texas Glocal Partners.

For suite details, lease comps, and site information — contact Pablo directly.

Tenant Demand Profile

The 500–1,100 SF suite market on FM 2978 draws from a wide, stable tenant pool. No single use type has to work — five independent absorption channels protect lease-up pace and reduce vacancy risk.

Professional Services Wellness & Personal Care Retail-Light & Showroom Education & Training Tech & Admin
499 SF
Suite 3 — Low TI, Fast Absorption
  • Insurance / loan officer / CPA
  • Solo attorney or consultant
  • Therapy / counseling room
  • Small aesthetics / lash-brow studio
Easiest to lease · minimal fit-out
626 SF
Suite 5 — Office + Reception
  • Financial advisor / title / mortgage
  • Wellness consult + treatment room
  • Boutique appointment-based retail
  • Bookkeeping / property mgmt
Strong demand from service firms
826 SF
Suite 2 — Multi-Office
  • CPA / attorney / consulting firm
  • Tutoring / test prep rooms
  • Small clinic or 2-room wellness
  • Staffing / recruiting / back-office
Versatile — broadest use range
974 SF
Suite 1 — Higher-Traffic
  • Training / tutoring center
  • Showroom-lite (design, flooring, blinds)
  • Higher-volume service business
  • Marketing agency / IT / MSP
Retail-light visibility plays well here
1,112 SF
Suite 4 — Anchor
  • Med-spa / chiropractic / wellness
  • Yoga / pilates / small training studio
  • Larger professional firm (4–6 staff)
  • Combinable with Suite 3 or 5
Highest rent potential · anchor user

Tenant mix can be diversified across use types to reduce single-sector exposure. Specific use compatibility (plumbing, venting, parking ratio) should be confirmed with Pablo prior to lease execution.

Projected Cap Rate — Lease-Up Stages

Based on $26.00/SF NNN base rent (confirmed lease rate). NNN structure means tenant pays operating expenses — base rent flows directly to NOI. Purchase price: $1,250,000. Stages reflect actual suite configuration — no interpolated occupancy percentages.

Stage 1 · 51.5%
4.3%
Anchor Suites (4 + 1)
Stage 2 · 71.9%
6.1%
+ Suite 2
Stage 3 · 87.4%
7.4%
+ Suite 5
Stage 4 · 99.7%
8.4%
Full Building (+ Suite 3)
Stage
Suites Leased
Leased SF / Occ.
Annual NOI
Cap Rate
Stage
1
Suites
S4 + S1
SF / Occ.
2,086 SF · 51.5%
NOI
$54,236
Cap Rate
4.3%
Stage
2
Suites
+ S2
SF / Occ.
2,912 SF · 71.9%
NOI
$75,712
Cap Rate
6.1%
Stage
3
Suites
+ S5
SF / Occ.
3,538 SF · 87.4%
NOI
$91,988
Cap Rate
7.4%
Stage
4
Suites
+ S3
SF / Occ.
4,037 SF · 99.7%
NOI
$104,962
Cap Rate
8.4%
Lease-Up Path — Two-Suite Anchor Scenario: A practical lease-up scenario assumes the building stabilizes by first securing the two largest suites — Suite 4 (1,112 SF) and Suite 1 (974 SF) — for a combined 2,086 SF, or approximately 51.5% occupancy of the 4,050 SF building. From there, adding Suite 2 (826 SF) brings total occupied area to 2,912 SF (71.9% occupancy). Leasing Suite 5 (626 SF) increases occupancy to 3,538 SF (87.4% occupancy), and final stabilization occurs by filling Suite 3 (499 SF) for a total of 4,037 SF occupied (~99.7% of 4,050 SF, reflecting a small published SF variance).
Assumptions: Base rent $26.00/SF NNN · Gross potential rent $105,300/yr (100% occupancy) · NNN structure: tenant pays taxes, insurance & CAM — base rent = NOI · Purchase price $1,250,000 · No management fee or vacancy reserve applied above — underwrite to your own assumptions. Contact Pablo for FM 2978 market lease comp support.
Pablo Uriegas
Pablo Uriegas
Pablo's Take
"At $1.25M for 4,050 SF on FM 2978, this is the kind of asset that moves quietly. Five suites, shared amenities, build-out complete — a small investor or owner-user can walk in and immediately start putting it to work. The corridor is real, the price is accessible, and the income path is clear."
$1,250,000 Asking price (~$309/SF)
4,050 SF Commercial building, FM 2978 corridor
FM 2978 High-traffic primary corridor frontage
5 Suites 499–1,112 SF · combinable · shared conf. room + break room
Move-In Ready Build-out complete — lease-up underway
Magnolia, TX One of Houston's fastest-growing suburbs
Investment Highlights
  • FM 2978 corridor — high-traffic primary artery, strong commercial visibility
  • 5-suite layout (499–1,112 SF) — supports diversified tenancy and flexible absorption
  • Suites combinable — accommodates larger single-user footprints up to full building
  • Shared amenities — conference room, break room, two restrooms support professional users
  • Build-out complete — move-in ready, lease-up underway, near-term path to stabilization
  • Broad use profile — professional office, services, retail, and more all viable
  • High-growth submarket — Magnolia rooftop expansion driving sustained commercial demand
  • Accessible price point — $1.25M, ~$309/SF for a stabilizing multi-suite asset
  • Direct listing — Pablo, Lewis Walker, and Gabriela Duran on this deal
Underwriting Considerations
No in-place income — space is vacant and ready for occupancy
Build-out is complete; owner-user can move in immediately, investor buyer can begin lease-up now
Multi-suite lease-up — income depends on tenant absorption pace
5-suite layout diversifies risk; no single tenant can create a total vacancy event — partial occupancy generates income while remaining suites fill
Smaller asset — not a large institutional play
Well-suited for local investors, owner-users, or small portfolio buyers — manageable scale in a supply-constrained corridor with strong long-term fundamentals
Lease rate / NOI not yet established
Investor buyers will underwrite to market lease comps; Pablo can provide current FM 2978 lease rate context upon request
"This is a 5-suite FM 2978 commercial play at an accessible price point. Build-out is done, lease-up is underway, and the income path is clear. Whether you're an owner-user taking one suite for yourself and leasing the rest, or a local investor acquiring a stabilizing asset in a high-growth corridor — this is the conversation to have before it's under contract."
Who Is This For?

Owner-user: Occupy one or more suites and lease the rest. The 5-suite layout lets you right-size your footprint and generate immediate income from the suites you're not using — practical for any professional office, services, wellness, or retail-light use.

Investor: The tenant pool for 500–1,100 SF suites in this corridor is wide: professional services (insurance, CPA, attorney, financial advisor, consulting), wellness and personal services (therapy, chiro, med-spa, aesthetics), retail-light and showroom concepts, tutoring/training, and tech/admin firms. No single tenant type has to work — multiple absorption channels protect against lease-up risk.

Demand profile by suite: Suite 3 (499 SF) — solo professional or therapy user. Suite 5 (626 SF) — small office + reception, boutique appointment business. Suite 2 (826 SF) — 2–3 offices or small wellness. Suite 1 (974 SF) — service business, training, showroom-lite. Suite 4 (1,112 SF) — anchor user with heavier buildout or larger team. Suites combinable for a single-user full-building lease.

Also consider if: You're deploying a 1031 exchange and need a manageable replacement asset, or you're building a Magnolia/FM 2978 portfolio and want a complementary income-producing piece alongside land or NNN holdings.

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