40443 Community Rd, Magnolia, TX 77354 – EXEMPT - GROUP CARE HOME

CommercialYear Built 1978Total Assessed Value $2,061,428County Montgomery

Property Details

The Commercial property 40443 Community Rd, Magnolia, TX 77354 is located in Montgomery County. The specific property type is EXEMPT - GROUP CARE HOME. The total assessed value of this property is $2,061,428.

The gross building area is 19,566 square feet and the land area is 380,714 square feet for this EXEMPT - GROUP CARE HOME built in 1978.

Legal description: A0600 - Wickson Cyrus, Tract 3-A, Acres 8.74

$2,061,428

Market Value

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Cap Rate

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NOI

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Occupancy

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Property Information

Property TypeCommercial

Sub Property TypeEXEMPT - GROUP CARE HOME

Building Area19,566

Land Size380,714

Land Value$761,428

Improved Value$1,300,000

Total Assessed Value$2,061,428

Year Built1978

County NameMontgomery

Account NumberR56249

Cap RateN/A

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space3

HeatingForced air unit

Pool800

Roof CoverComposition shingle

Type ConstructionFrame

No of Stories1

Garage TypeDetached garage 805

Bathrooms3

Number of Units1

Exterior WallsConcrete block

Sales History

7/30/2013

Arms-lengthNot Disclosed

Buyer

The Northern Trust Co

Seller

Texas A&m Foundation

Book Number

087971

Recording Date

7/30/2013

Transaction Details

The Northern Trust Co acquired the property from Texas A&m Foundation through a Arms-length transaction on 7/30/2013 for .

7/30/2013

Arms-lengthNot Disclosed

Buyer

Northern Trust Company

Seller

Read Joan C Marital Trust

Book Number

2013.87971

Recording Date

7/30/2013

Transaction Details

Northern Trust Company acquired the property from Read Joan C Marital Trust through a Arms-length transaction on 7/30/2013 for .

7/30/2013

Arms-lengthNot Disclosed

Buyer

Northern Trust Company

Seller

Read, Joan C Marital Trust

Book Number

2013087971

Recording Date

7/30/2013

Transaction Details

Northern Trust Company acquired the property from Read, Joan C Marital Trust through a Arms-length transaction on 7/30/2013 for .

Property constructed in 1978

YSale Price (USD) byXSales Year

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Mortgage History

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$761,428	$1,300,000	$2,061,428	$2,061,428	Read Youth Charities	40443 Community Rd, ...	A0600 - Wickson Cyru...	2160.C	A0600	380,714	19,566
2025	$761,428	$995,900	$1,757,328	$1,757,328	Read Youth Charities	40443 Community Rd, ...	A0600 - Wickson Cyru...	2160.C	A0600	380,714	19,566
2024	$761,428	$587,880	$1,349,308	$1,349,308	Read Youth Charities	40443 Community Rd, ...	A0600 - Wickson Cyru...	2160.C	A0600	380,714	19,566
2023	$761,430	$597,320	$1,358,750	$1,358,750	Read Youth Charities	40443 Community Rd, ...	A0600 - Wickson Cyru...	2160.C	-	380,714	19,566
2022	$761,430	$165,520	$926,950	$926,950	Read Youth Charities	40443 Community Rd, ...	A0600 - Wickson Cyru...	2160.C	WICKSON CYRUS	380,714	19,566
2021	$304,570	$667,430	$972,000	$972,000	Northern Trust Compa...	Joan Cuming Read Mar...	A0600 - Wickson Cyru...	2160.C	-	380,714	19,566
2020	$304,570	$829,680	$1,134,250	$1,134,250	Northern Trust Compa...	Joan Cuming Read Mar...	A0600 - Wickson Cyru...	2160.C	-	380,714	19,566
2019	$305,900	$833,200	$1,139,100	$1,139,100	Northern Trust Compa...	Joan Cuming Read Mar...	A0600 - Wickson Cyru...	2160.C	-	380,714	19,566
2018	$157,320	$833,200	$990,520	$990,520	Northern Trust Compa...	Joan Cuming Read Mar...	A0600 - Wickson Cyru...	2160.C	WICKSON CYRUS	380,714	19,566
2017	$157,320	$645,590	$802,910	$802,910	Northern Trust Compa...	Joan Cuming Read Mar...	A0600 - Wickson Cyru...	2160.C	WICKSON CYRUS	380,714	19,566

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	40443 Community Rd, Magnolia, TX 77354	—	-	380,714	1978	19,566	$ 2,061,428	$ 761,428	-
United Consumers Credit Union	8111 Pennsylvania Ln, Kansas City, MO 64114	09/23/2025	$ 540,000	7,405	1978	3,712	$ 46,816	$ 13,452	-
United Consumers Credit Union	8111 Pennsylvania Ln, Kansas City, MO 64114	09/23/2025	$ 1,775,000	7,405	1978	3,712	$ 46,816	$ 13,452	-
United Consumers Credit Union	8101 Pennsylvania Ln, Kansas City, MO 64114	09/23/2025	$ 1,775,000	7,405	1978	3,712	$ 41,097	$ 7,733	-
United Consumers Credit Union	8101 Pennsylvania Ln, Kansas City, MO 64114	09/23/2025	$ 540,000	7,405	1978	3,712	$ 41,097	$ 7,733	-
Austin Bank Texas Na	809 Old Montgomery Rd, Conroe, TX 77301	07/01/2025	$ 240,000	16,552	1960	2,672	$ 205,980	$ 41,380	Tp & B Property Llc
First Financial Bank	611 Highway 75 Unit N, Willis, TX 77378	06/04/2025	$ 50,000	52,621	1980	5,963	$ 539,002	$ 263,105	Jaimes Truck Tire Service Llc
First Financial Bank	12326 Fm 2854 Rd, Conroe, TX 77304	05/13/2025	$ 881,461	71,200	2021	5,700	$ 575,000	$ 142,400	Nds Holdings Llc
Vantage Bank Texas	6202 Fm 1488 Rd, Magnolia, TX 77355	04/25/2025	$ 4,800,000	18,817	1998	5,832	$ 682,651	$ 263,438
Frost Bank	12314 Us Highway 59, Splendora, TX 77372	04/21/2025	$ 531,000	144,880	2001	4,710	$ 1,089,365	$ 724,400	Sdp Real Estate Holdings Llc
Capital Bank	519 1/2 Acker St, Magnolia, TX 77354	04/15/2025	$ 310,556	0	1980	900	$ 53,030	-

Mean$ 2,957,273

Median$ 540,000.0

Loan Amount Range$ 18,068 - $ 23,749,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
40443 COMMUNITY RD, MAGNOLIA, TX 77354-1322	READ YOUTH CHARITIES	2813561707	CLUBS
40443 COMMUNITY RD, MAGNOLIA, TX 77354-1322	READ, THOMAS A	2813566000	PIPE FITTINGS (WHLS)

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License Details

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