Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15109 E County Rd 106 Stanton, TX 79782

    View on Map
    Claim this Listing
    For Sale
    $399,999

    LAND - Stanton, TX

    Lot size:
    4.00 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    21
    Last Refresh:
    Apr 16 at 4:06 pm

    Property Features for 15109 E County Rd 106

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Barbed Wire
    Standard status
    Active
    Lot size
    4.00 Acres

    Taxes and HOA fees

    Tax Description
    Legal: Acres: 4.000, SW/4, SEC: 5, BLK: 36-T2S
    Tax Annual Amount
    555

    Utilities

    Utilities
    Cable Available
    Sewer type
    Private Sewer
    Water source
    Private, Well

    We can help!

    Listing Contact
    Micah Hain
    Micah Hain

    Listing agent Micah Hain

    Listing office Homestead Realty PO Box 8623, Midland, TX

    Listing date Mar 27, 2026

    MLS# 50093876 Listing URL

    Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unrestricted Land with Barn

    This 4-acre property in Greenwood, Texas, offers versatile potential as a homestead or venue due to its unrestricted nature. The land features a 42x48 barn set on a concrete foundation, with PVC plumbing provisions. It includes pens suitable for various animals such as cows, goats, pigs, chickens, ducks, geese, quail, and rabbits. An area is fenced off and equipped with a BBQ setup, an above-ground pool, and a swing set. The property also has RV hookups.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Auto Repair Shop Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stanton
    County
    Martin
    State
    Texas
    Longitude
    -101.82365
    Latitude
    32.03638

    Nearby Similar for Sale

    • $1,200,000
      9,445 SF

      Stanton Commercial Facility on Acreage

      9,445 SF facility on 3.945 acres near I-20.
      3334 I-20 Service Rd, Stanton, TX 79782
      View Details
    • $1,395,000
      8,395 SF

      Stanton Commercial Property on I-20

      Commercial property with high visibility on I-20 and State Hwy 137.
      3398 I-20, Stanton, TX 79782
      View Details
    • $875,000
      1,224 SF

      Income Producing RV Park

      4.3 acre property with 21 RV sites and home.
      14905 E County Rd 104, Stanton, TX 81133
      View Details
    • $750,000
      11,200 SF

      Dollar General Investment Opportunity

      Dollar General investment opportunity in Stanton, Texas.
      301 E Front St, Stanton, TX
      View Details
    • $750,000
      11,200 SF

      Dollar General Investment Opportunity

      Dollar General store on 0.50 acres in Stanton, Texas.
      301 N Front Street, Stanton, TX 79782
      View Details
    • $875,000
      1,224 SF

      RV Park Investment Opportunity

      RV Park for sale in Stanton, TX.
      14905 E Co Rd 104, Stanton, TX 79782
      View Details
    • $1,100,000
      8,960 SF

      Industrial Building with RV Sites

      8,960 SF industrial building with ten RV sites.
      2619 FM 3033, Stanton, TX 79782
      View Details
    • $225,000
      2,232 SF

      Renovated Retail/Office Space Available

      Recently renovated retail/office space with leasing potential in Stanton.
      407 Lamesa Hwy N, Stanton, TX 79782
      View Details
    • $1,520,000
      16,000 SF

      Modern Industrial Building For Sale

      16,000 SF industrial building constructed in 2017, near I-20.
      2599 FM 3033, Stanton, TX 79782
      View Details
    • $1,395,000
      8,395 SF

      Prime I-20 Frontage Opportunity

      High-traffic location suitable for retail or automotive repurposing.
      3398 I-20, Stanton, TX 79782
      View Details
    • $175,000
      2,550 SF

      Commercial Building on Large Lot

      Large commercial building on a .78 acre lot.
      703 N Lamesa Hwy, Stanton, TX 79782
      View Details
    • $857,500

      Stanton RV Park Investment Opportunity

      20-acre RV park with income potential near Midland and Stanton.
      2045 County Rd C 2801, Stanton, TX 79782
      View Details

    FAQs

    What type of property is this?
    Farm - 4 acres in Greenwood, TX, ready for homestead or venue.
    Where is this farm located?
    The property is located at 15109 E County Rd 106 Stanton, TX.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: 4 unrestricted acres offer flexibility.; 42x48 barn on concrete foundation provides a substantial structure with potential for plumbing.; Established animal pens are ready for cows, goats, pigs, chickens, ducks, geese, quail, and rabbits.
    (432) 557-3358
    We can help!
    Listing Contact
    Micah Hain
    Micah Hain
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!