Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unrestricted Acreage with Ranch House Title is generated by Realmo AI

    2122 FM1208, Stanton, TX 79782

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    28 acres with ranch house, ideal for development.

    Type:Industrial, Land, Mixed Use, Mobile Home Park
    Property size:
    1,180 SF
    Lot size:
    28.00 Acres
    Price / SF:
    $676/SF
    Added:
    Oct 16, 2024
    Days on Market:
    599
    Last Refresh:
    May 12 at 9:34 pm

    Property Features for 2122 FM1208

    General Information

    Standard status
    Active
    Size
    1,180 SF
    Lot size
    28.00 Acres
    Property subtype
    Industrial, Land, Mixed Use, Mobile Home Park

    We can help!

    Listing Contact
    John Jinks

    Listing agent John Jinks License #TX 603059

    Listing office Formation Real Estate LLC

    Listing date Oct 16, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Formation Real Estate LLC

    HighLights

    • Unrestricted 28‑acre acreage suitable for RV/mobile home park, worker lodging, or pipe yard.
    • Prime location: FM 1208, 2 miles from Interstate 20, 7 miles from Loop 250 in Midland.
    • Existing infrastructure: Features 1 RV hookup (expandable), water well (15‑18 gpm), caliche road & cul‑de‑sac.
    • 1,180 s.f. ranch house with 2 bedrooms and 1.5 baths.
    • Neighboring caliche and water reserves.
    • Located in Martin County

    Overview

    This property features 28 acres of unrestricted land in Martin County, improved by an 1,180 square foot ranch house containing 2 bedrooms and 1.5 bathrooms. The location along FM 1208 is approximately 2 miles north of Interstate 20 and a 7-mile drive from Loop 250 in Midland. The property is suitable for a future RV or mobile home park development, worker lodging, or a pipe yard. Existing features include one RV hookup, with the capacity to add more, and one water well with a pump producing approximately 15-18 gallons per minute. A caliche road and mobile home cul-de-sac are also present. Neighboring caliche and water reserves may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Stanton
    County
    Martin
    State
    Texas
    Longitude
    -101.935149
    Latitude
    32.095452

    Nearby Similar for Sale

    • $325,000
      1,680 SF

      Unrestricted Land South of Stanton

      Unrestricted commercial land with utilities and improvements near Highway 137.
      1844 Hwy 137, Stanton, TX 79782
      View Details
    • $1,395,000
      8,395 SF

      Stanton Commercial Property on I-20

      Commercial property with high visibility on I-20 and State Hwy 137.
      3398 I-20, Stanton, TX 79782
      View Details
    • $550,000

      Cleared Land in Stanton, TX

      44 +/- acres of unrestricted land, ideal for industrial use.
      FM 1208, Stanton, TX 79782
      View Details
    • $289,900
      435,600 SF

      Stanton Land with Steel Structures

      10 acres with structures, utilities, and highway access.
      1864 State HWY 137, Stanton, TX 79782
      View Details
    • $845,000
      1,224 SF

      RV Park with On-Site Residence

      RV park with 21 active sites and a fully remodeled 2-bedroom, 2-bath home on 4.3 acres.
      14905 E County Rd 104, Stanton, TX 81133
      View Details
    • $375,000

      Unrestricted Land with Barn

      4 acres in Greenwood, ready for homestead or venue.
      15109 E County Rd 106, Stanton, TX 79782
      View Details
    • $74,900

      Acre Land in Midland County

      One-acre property suitable for residential or commercial use.
      14518 E County Rd 139, Stanton, TX 79706
      View Details
    • $399,000

      Unrestricted Land Tract in Stanton

      10 acres with utilities, suitable for various uses.
      3366 C 1900, Stanton, TX 79782
      View Details
    • $74,900

      Acre Land in Stanton, TX

      One-acre property suitable for residential or commercial use.
      14518 E County Rd 139, Stanton, TX 79706
      View Details
    • $550,000

      Trucking Yard Development Land

      2.06-acre commercial-zoned tract at a county-road and service-road corner suited for trucking yard use.
      2153 County Rd B 3651 lot: Tract 4, Stanton, TX 79782
      View Details
    • $115,000

      Stanton, TX Land For Sale

      1.335 acre corner lot ready for development in Stanton.
      9111 Sonora Ave, Stanton, TX 79705
      View Details
    • $700,000

      Industrial Yard Land Parcel

      Commercially zoned land at the NW corner of a county road and I-20 service road for yard or business use.
      2153 County Rd B 3651 lot: Tract 5, Stanton, TX 79782
      View Details

    FAQs

    What type of property is this?
    Land - 28 acres with ranch house, ideal for development.
    Where is this land located?
    The property is located at 2122 FM1208 Stanton, TX.
    What is the asking price?
    The asking price for this property is $798,000.
    What are key features of this property?
    This property features: Unrestricted 28‑acre acreage suitable for RV/mobile home park, worker lodging, or pipe yard.; Prime location: FM 1208, 2 miles from Interstate 20, 7 miles from Loop 250 in Midland.; Existing infrastructure: Features 1 RV hookup (expandable), water well (15‑18 gpm), caliche road & cul‑de‑sac.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Jinks
    Real Estate License ID: TX 603059
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2122 FM1208, Stanton, TX 79782
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!