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    405 S Main Ave Monahans, TX 79756

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    For Sale
    $2,376,685

    Retail property with long-term leases in Monahans, Texas.

    Property size:
    19,267 SF
    Lot size:
    0.56 Acres

    Property Features for 405 S Main Ave

    General Information

    Size
    19,267 SF
    Lot size
    0.56 Acres

    Source: Trinity Real Estate Investment Services - Corporate Agent Eric Kelley

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

    Overview

    Monahans Retail Investment Opportunity

    This 19,267-square-foot retail property is located on a corner lot along Monahan’s main thoroughfare. The property is situated in Monahans, Texas, directly along I-20, approximately 35 miles from Odessa, with a population of around 7,500. The building is divided into two separate units with a wall separating the tenants. Dollar Tree and Family Dollar occupy the spaces, with over seven years remaining on their current co-terminus leases. The tenants are fully responsible for taxes, insurance, and 100% of all CAM costs, with attractive lease structures that involve monthly installments for these expenses rather than year-end reimbursements. The property benefits from a strong local economy, being located in the heart of the Permian Basin, which accounts for a third of US oil production.
    Insight Report Location Intelligence

    Current Use by Public Records

    Whaley Jessica Medical Clinic Family Dollar Dollar Store Mr. William Dodson Physical Therapist Speed J C Nursing Agency Paradigm Physical Therapy Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Monahans
    County
    Ward
    State
    Texas
    Longitude
    -102.892111
    Latitude
    31.591653

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    FAQs

    What type of property is this?
    Strip mall - Retail property with long-term leases in Monahans, Texas.
    Where is this strip mall located?
    The property is located at 405 S Main Ave Monahans, TX.
    What is the asking price?
    The asking price for this property is $2,376,685.
    What are key features of this property?
    This property features: - Two national tenants, Dollar Tree and Family Dollar, with co-terminus leases; - Tenants fully responsible for taxes, insurance, and 100% of CAM costs; - Attractive lease structures with monthly installments for expenses
    (817) 304-8916
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    Realmo Value Estimation

    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.

    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.

    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
    405 S Main Ave Monahans, TX 79756
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