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    523 I-20 Angeles, TX 79770

    For Sale
    $2,615,000

    Prime Commercial/Industrial Land near I-20

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 60-acre tract is ideally situated just west of Pecos, Texas, at the convergence of Interstate 20 and Business 20. Boasting approximately 1400 feet of frontage along I-20's south frontage road, this property offers unparalleled accessibility, being only three-quarters of a mile from on and off-ramps for both east and westbound I-20 traffic. Extensive site improvements have already been completed, including grading, aggregate (caliche) base, and drainage infrastructure. A central road bisects the property, perpendicular to the highway, with a completed west entrance. The city of Pecos recently annexed this land, paving the way for future city services installation. Existing infrastructure includes single-phase electricity along the frontage road, with a meter drop already in place for a billboard on the site. The property is divisible into ten-acre parcels, providing flexibility for various development scenarios. Directions: Proceed west for half a mile from the southern exit ramp at the I-20 and Business 20 intersection. Asking price: $2,615,000.

    Property Features for 523 I-20

    General Information

    Property type
    Land
    Lot Size
    2,613,600 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Angeles
    County
    Reeves
    State
    Texas
    Longitude
    -103.9376021
    Latitude
    31.8775039

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    FAQs

    What type of property is this?
    Land - Prime Commercial/Industrial Land near I-20
    Where is this land located?
    The property is located at 523 I-20 Angeles, TX.
    What is the asking price?
    The asking price for this property is $2,615,000.
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    523 I-20 Angeles, TX 79770
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    Angeles, TX 79770
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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
    523 I-20 Angeles, TX 79770
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