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

    74 FM 2119 Pecos, TX 79772

    View on Map
    For Sale
    $1,200,000

    COMMERCIAL - Pecos, TX

    Property size:
    10,000 SF
    Lot size:
    5.00 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 31 at 8:06 pm

    Property Features for 74 FM 2119

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    10,000 SF
    Lot size
    5.00 Acres

    Taxes and HOA fees

    TaxDescription
    AB 417 BLK 4 SEC 73H&GN NE/4
    TaxAnnualAmount
    313931

    Building Details

    Year built
    2010

    We can help!

    Listing Contact
    Justin Dodd
    Justin Dodd

    Listing agent Justin Dodd License #9004023

    Listing office NRG Realty Group, LLC 6191 St Hwy 161 430, TX

    Listing date Feb 10, 2026

    MLS# 50090733

    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

    Pecos Industrial Building on 5 Acres

    This commercial property in Pecos, TX, features a 10,000 square foot industrial building situated on 5 acres. The building is configured with 2,700 square feet of two-story office space, 5,700 square feet of warehouse space, and a 1,600 square foot wash-bay. The first floor of the office area comprises 1,500 square feet and includes a 10-foot built-in sales counter, three private offices, a kitchenette, and men's and women's restrooms. The second floor provides 1,200 square feet configured as a two-bedroom apartment, complete with a restroom, kitchenette, and open seating area. The shop area is equipped with four 16-foot by 16-foot overhead doors, creating two drive-through bays. Radiant gas tube heaters are installed, and the shop offers a 24-foot clear height, along with washer and dryer connections. The wash-bay measures 20 feet by 80 feet and includes an underground sump.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Zulemas Catering — 412 S Alberta St, Pecos, TX 79772

    Location Insight

    • Map
    • Local Demand
    City
    Pecos
    County
    Reeves
    State
    Texas
    Longitude
    -103.494988
    Latitude
    31.424478

    Nearby Similar for Sale

    • $975,000
      7,920 SF

      Pecos, TX Office Building

      Office building in Pecos with multiple offices and expansion plans.
      1300 S Cedar, Pecos, TX 79772
      View Details
    • $485,000
      4,765 SF

      Pecos Office Building For Sale

      Well-maintained 4765 sq ft office building in thriving downtown Pecos.
      420 S Cypress St, Pecos, TX 79772
      View Details
    • $140,000
      3,582 SF

      Pecos Office Building For Sale

      Commercial building near downtown Pecos, ideal for multi-offices.
      205 S Cypress St, Pecos, TX 79772
      View Details
    • $675,000
      1,368 SF

      Established Spirits Business For Sale

      Turnkey spirits business on high-visibility corner in Pecos, TX.
      230 S Cedar, Pecos, TX 79772
      View Details
    • $850,000
      9,500 SF

      Turnkey Commercial Building in Pecos

      Two-story, 9,500 sq ft commercial building in downtown Pecos.
      236 S Oak St, Pecos, TX 79772
      View Details
    • $430,000
      2,342 SF

      Fully Occupied Pecos Duplex

      Well-situated duplex in Pecos, TX, generating $3,000 monthly income.
      1506 S Cherry St, Pecos, TX 79772
      View Details
    • $225,000
      640 SF

      Two Mobile Homes in Pecos

      Two well-maintained mobile homes perfect for oil field workers.
      1828 S Redbud St. unit: A,B, Pecos, TX 79772
      View Details
    • $1,994,000
      727,452 SF

      Pecos Commercial Property For Sale

      Commercial property with RV spaces and multiple buildings in Pecos.
      341 FM 1216, Pecos, TX 79772
      View Details
    • $250,000
      2,875 SF

      Downtown Pecos Commercial Property

      Commercial property in thriving downtown Pecos, near amenities.
      309 S Oak St, Pecos, TX 79772
      View Details
    • $1,525,000
      1,384 SF

      Expansive Pecos Farm and Ranch

      610-acre property ideal for agriculture, commercial, or recreational use.
      610 Acres FM-2119, Pecos, TX 79772
      View Details
    • $675,000
      1,368 SF

      Established Spirits Business For Sale

      Turnkey spirits business with drive-thru on high-visibility corner.
      230 S Cedar, Pecos, TX 79772
      View Details
    • $595,000
      5,100 SF

      Industrial Building on 3.1 Acres

      5,100 SF industrial building with fenced and stabilized 3.1-acre lot.
      2920 Highway 17, Pecos, TX
      View Details

    FAQs

    What type of property is this?
    Flex space - 10,000 SF industrial building with office, warehouse, and wash-bay.
    Where is this flex space located?
    The property is located at 74 FM 2119 Pecos, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 10,000 SF industrial building on 5 acres; 24' clear height in warehouse; (4) 16' x 16' overhead doors forming 2 drive‑through bays
    (214) 534-7976
    We can help!
    Listing Contact
    Justin Dodd
    Justin Dodd
    Real Estate License ID: 9004023
    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!