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

    4403 Faye Ave Monahans, TX 79756

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $400,000

    Six-unit rental property with RV spaces.

    Property size:
    640 SF

    Property Features for 4403 Faye Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    640 SF
    Lot Size
    44,867 SF

    Building Details

    Year Built
    2017

    We can help!

    Listing Contact
    Ricky Warnick

    Listing Agency: The Sales Team Realtors Listing Agent: Ricky Warnick

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment property in Monahans, Texas, presents a lucrative opportunity. Situated on a spacious 1.03-acre corner lot with convenient access to Interstate 20, this property boasts six income-producing rental units, all currently leased, generating a potential monthly income of $4,500. Each unit offers comfortable living with two bedrooms and two full bathrooms, complete with kitchens including refrigerators, and convenient washer and dryer connections. Low-maintenance landscaping minimizes upkeep. Adding to the income potential are eight vacant RV spaces on the property, ready for immediate lease. The property's 640 square feet per unit provides ample space for tenants. The strategic location near Interstate 20 ensures high visibility and accessibility, making it an attractive option for both residents and travelers. This turnkey investment offers a strong return on investment with its consistent rental income and additional revenue potential from the RV spaces. The property's current occupancy and established rental income stream make it an ideal addition to any investment portfolio. Don't miss this chance to acquire a well-maintained, high-yield commercial property in a thriving Texas location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Bar & Pub Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Monahans
    County
    Ward
    State
    Texas
    Longitude
    -102.8953
    Latitude
    31.54888

    Nearby Similar for Sale

    • $550,000
      2,400 SF

      9.95 Acres Truck Yard

      9.95 acres truck yard for parking and servicing vehicles.
      3500 S Colorado St, Monahans, TX 79756
      View Details
    • $725,000
      3,496 SF

      Established Business Opportunity in Monahans

      Turn-key business or new venture in visible Monahans corner.
      1408 S Stockton Ave, Monahans, TX 79756
      View Details
    • $170,000
      3,321 SF

      Monahans Commercial Property For Sale

      Commercial property in high-traffic location with excellent street frontage.
      401 E A St, Monahans, TX 79756
      View Details
    • $200,000
      2,304 SF

      Monahans Commercial Property For Sale

      Commercial property on a busy street, ideal for renovation.
      412 W Sealy Ave, Monahans, TX 79756
      View Details
    • $394,000
      7,136 SF

      Monahans Gym Facility For Sale

      Gym facility on a high-traffic street with great visibility.
      116 E Sealy Ave, Monahans, TX 79756
      View Details
    • $585,000
      4,356 SF

      Monahans Office, Warehouse, Fueling Station

      Office, warehouse, and fueling station with I-20 frontage.
      1206 W I-20, Monahans, TX 79756
      View Details
    • $299,000
      6,083 SF

      Monahans Office Building For Sale

      Office building in Monahans, TX, with 6,083 square feet.
      100 E Sealy Ave, Monahans, TX 79756
      View Details
    • $525,000
      3,300 SF

      Monahans Office Building on 6.11 Acres

      3,300 sqft office building on a 6.11-acre lot.
      165 N Industrial Ave, Monahans, TX 79772
      View Details
    • $202,000
      1,184 SF

      Monahans Office Building For Sale

      1,184 SF office building in Monahans, Texas.
      103 E 3Rd St, Monahans, TX 79756
      View Details
    • $585,000
      4,356 SF

      Office, Warehouse, and Fueling Station

      4356 sqft office, warehouse, and fueling station on 2.9 acres.
      1206 W Interstate 20, Monahans, TX
      View Details
    • Contact for pricing
      10,765 SF

      Industrial Site Near I-20

      Office and warehouse buildings totaling 10,765 SF on 3 acres.
      3000 S Stockton Ave, Monahans, TX 79756
      View Details
    • $775,000

      Industrial Property in Steeple O

      5,000 SF industrial facility with fenced yard on 3 acres.
      348 Steeple O Rd, Monahans, TX
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Six-unit rental property with RV spaces.
    Where is this commercial real estate located?
    The property is located at 4403 Faye Ave Monahans, TX.
    What is the asking price?
    The asking price for this property is $400,000.
    (432) 238-3459
    Request Owner's contact information
    4403 Faye Ave Monahans, TX 79756
    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.
    4403 Faye Ave
    Monahans, TX 79756
    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
    4403 Faye Ave Monahans, TX 79756
    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

    We can help!
    Listing Contact
    Ricky Warnick
    Real Estate License ID: 659921
    (432) 238-3459 (432) 618-1818
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!