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    The Largest CRE Database in the US with Over 1 Million Listings

    2969 W Riggs Dr Fort Stockton, TX 79735

    Sponsored
    For Sale
    $1,499,000

    SINGLE_FAMILY - Fort Stockton, TX

    Type:Office
    Property size:
    6,676 SF
    Lot size:
    5.60 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 13 at 2:06 am

    Property Features for 2969 W Riggs Dr

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    10918
    Fencing
    Gate, Fenced
    Size
    6,676 SF
    Lot size
    5.60 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Private Sewer

    Building Details

    Building materials
    Wood Construction, Metal Construction
    Roof type
    Metal

    We can help!

    Listing Contact
    Jimmy Ruiz

    Strait A Real Estate (432) 528-9221

    Listing agent Jimmy Ruiz (432) 208-4698

    Listing date Feb 11, 2026

    MLS# 167302

    Copyright © 2026 Odessa 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.

    Learn more

    Overview

    Versatile Commercial Property with Residence

    This property, situated on 5.6 acres, offers accessibility to I-10 and Highway 18. It features a two-story shop that includes offices and a meeting room. The property also includes a 2-bedroom, 1-bath home suitable for owner or manager living quarters. Additionally, there is a mobile home with five separate living spaces, each equipped with showers and kitchenettes, and the capacity to sleep up to four people per room. The entire property is fenced in with a metal fence, ensuring privacy, and includes an electric sliding gate. The property is suitable for a trucking company or other types of businesses. The building size is 6,676 square feet.
    Location Intelligence

    Current Use by Public Records

    Truck terminals

    Map

    City
    Fort Stockton
    County
    Pecos
    State
    Texas
    Longitude
    -102.8888724
    Latitude
    30.9090286

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    FAQs

    What type of property is this?
    Truck terminal - 5.6 acres with shop, offices, home, and mobile home.
    Where is this truck terminal located?
    The property is located at 2969 W Riggs Dr Fort Stockton, TX.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: - Easy access to I-10 and Hwy 18; - 5.6 acre lot suitable for trucking or other businesses; - Two-story shop **with offices and spacious meeting room**
    (432) 208-4698
    Request Owner's contact information
    2969 W Riggs Dr Fort Stockton, TX 79735
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    Fort Stockton, TX 79735
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    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
    2969 W Riggs Dr Fort Stockton, TX 79735
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    We can help!
    Listing Contact
    Jimmy Ruiz
    (432) 208-4698 (432) 558-2925
    Learn more
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