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    2904 Prt Alto Dr Stanton, TX 79782

    For Sale
    $89,550

    1.99 Acres, Owner Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.99-acre property in Stanton, Texas (Martin County, zip code 79782), presents a unique investment opportunity. Located at 2904 Port Alto Drive, Midland, TX 79705 (APN: 003810003501420), this land is zoned for both commercial and residential use, offering remarkable versatility. Priced at $89,550, it's ideal for small industrial yards or residential home sites, catering to the growing needs of the Permian Basin. The property boasts water availability (20 gpm in the area) and allows mobile homes. Note that mandatory HOA fees are $600 per lot annually. The owner's association will manage a 5-acre reserve for potential future water needs. Development guidelines include 10-foot setbacks from boundaries or rights-of-way, 50-foot septic setbacks from property lines, and restrictions on commercial water sales, SWDs, animal feedlots, junk lots, abandoned equipment, hazardous waste, and large-scale mancamps or RV parks. A maximum of two RVs per acre or one job trailer/mobile office/mobile home per tract is permitted. Attractive owner financing is available. This is a brand-new development offering a compelling blend of commercial and residential potential. The asking price translates to approximately $45,000 per acre.

    Property Features for 2904 Prt Alto Dr

    General Information

    Property type
    Land
    Lot Size
    86,684 SF

    HighLights

    • Owner financing available.
    • $45,000 per acre.
    • Brand new development.
    • Suitable for small industrial yards and residential homesites.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stanton
    County
    Martin
    State
    Texas
    Longitude
    -102.040153
    Latitude
    32.1244242

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    FAQs

    What type of property is this?
    Land - 1.99 Acres, Owner Financing Available
    Where is this land located?
    The property is located at 2904 Prt Alto Dr Stanton, TX.
    What is the asking price?
    The asking price for this property is $89,550.
    What are key features of this property?
    This property features: Owner financing available.; $45,000 per acre.; Brand new development.
    (432) 688-8200
    Request Owner's contact information
    2904 Prt Alto Dr Stanton, TX 79782
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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

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    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
    2904 Prt Alto Dr Stanton, TX 79782
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