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    Colorado St Monahans, TX 79756

    Sponsored
    For Sale
    $510,000

    11.93 Acres, fenced, utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11.93-acre commercial and industrial land parcel presents a unique investment opportunity in Monahans, Texas. Strategically located immediately south of I-20, at the intersection of South Colorado Street and North 15th Street, this property offers unparalleled accessibility and visibility. The land is already improved with caliche stabilization and a fully-enclosed perimeter fence, minimizing upfront development costs. Essential utilities are readily available, including access to electricity and a functioning water well. A septic system and electric power panel are also in place. This corner lot is zoned for outside city limits, providing flexibility for a variety of commercial or industrial uses. Given its proximity to I-20 and the presence of oilfield companies in the area, this location is ideal for businesses seeking convenient access to major transportation routes and a skilled workforce. The property's size and existing infrastructure make it an attractive option for developers and businesses looking to establish a significant presence in this thriving Texas community. The asking price is $510,000. This is a rare opportunity to acquire a ready-to-develop site in a prime location.

    Property Features for 0 Colorado St

    General Information

    Property type
    Land
    Lot Size
    519,671 SF

    HighLights

    • 11.93‑acre corner lot in Monahans, TX, at S Colorado St & N 15th St.
    • Caliche‑stabilized, fully fenced, with readily available utilities including electricity and a water well.
    • Existing septic system and electric power panel.
    • Zoned for commercial/industrial use outside city limits, near I‑20 and oilfield companies.
    • Asking price: $510,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Monahans
    County
    Ward
    State
    Texas
    Longitude
    -102.92943087654
    Latitude
    31.570826700994

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    FAQs

    What type of property is this?
    Land - 11.93 Acres, fenced, utilities available.
    Where is this land located?
    The property is located at Colorado St Monahans, TX.
    What is the asking price?
    The asking price for this property is $510,000.
    What are key features of this property?
    This property features: 11.93-acre corner lot in Monahans, TX, at S Colorado St & N 15th St.; Caliche-stabilized, fully fenced, with readily available utilities including electricity and a water well.; Existing septic system and electric power panel.
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    Monahans, TX 79756
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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
    Colorado St Monahans, TX 79756
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