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    700 Daggett St Pecos, TX 79772

    For Sale
    Contact for pricing

    Prime 15-acre residential development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 15.05-acre property in Pecos, Texas, presents a remarkable opportunity for residential development. Strategically located near the intersection of US Hwy 285 and I-20, this land offers unparalleled access to major transportation routes. The property is divided into two tracts: a 6.59-acre west tract and an 8.46-acre east tract, separated by a privately owned homestead. Zoned R-2 for Medium Density Residential use, the possibilities are extensive. Permitted uses include apartment complexes, manufactured housing, lot sales, and RV parks. Preliminary site plans illustrate the potential for significant development. One plan proposes 55 units, each with a double-wide trailer and two parking spaces, distributed across both tracts. A more ambitious plan envisions up to 120 modular units on the east tract, incorporating shared parking, a basketball court, and a clubhouse. This raw land offers flexibility for various residential projects, catering to the growing housing needs of the Pecos community. Its prime location near recent development at the northwest corner of US Hwy 285 and I-20 ensures high visibility and accessibility. The property's zoning and location make it an ideal investment for developers seeking to capitalize on the area's growth potential. The Reeves County address is 700 W Daggett St, Pecos, TX 79772.

    Property Features for 700 Daggett St

    General Information

    Property type
    Land
    Lot Size
    655,578 SF

    HighLights

    • 15.05‑acre site comprised of a 6.59‑acre West tract and an 8.46‑acre East tract.
    • R‑2 (Medium Density Residential) zoning.
    • Raw land suitable for multiple uses.
    • Located in an Opportunity Zone.
    • Prime location near US Hwy 285 and I‑20 intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pecos
    County
    Reeves
    State
    Texas
    Longitude
    -103.5009967
    Latitude
    31.4040527

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    FAQs

    What type of property is this?
    Land - Prime 15-acre residential development site.
    Where is this land located?
    The property is located at 700 Daggett St Pecos, TX.
    What are key features of this property?
    This property features: 15.05-acre site comprised of a 6.59-acre West tract and an 8.46-acre East tract.; R-2 (Medium Density Residential) zoning.; Raw land suitable for multiple uses.
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    Pecos, TX 79772
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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
    700 Daggett St Pecos, TX 79772
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