Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2904 Prt Alto Dr Stanton, TX 79782

    Sponsored
    For Sale
    $89,550

    1.99 Acres, Owner Financing Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    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

    We can help!

    Listing Contact
    Thomas Johnston
    Thomas Johnston

    Learn more

    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

    Nearby Comparable

    • $129,350
      1.99 Acres

      Industrial Land in Midland, TX

      1.99 acres of industrial land available for purchase.
      2904 Prt Alto Dr, Midland, TX 79705
      View Details
    • $65,000
      1.00 Acre

      Land For Sale - Midland

      One acre of commercial land available in Midland, Texas.
      2842 Prt Alto Dr, Midland, TX 79705
      View Details
    • $65,000
      1.00 Acre

      Land For Sale - Midland, TX

      One acre of land available in Midland, Texas.
      2842 Prt Alto Dr, Midland, TX 79705
      View Details
    • $46,395
      1.03 Acres

      8600 County Road 1150

      Land • 1.03 Acres
      8600 County Road 1150, Midland, TX 79705
      View Details
    • $120,825
      2.69 Acres

      Midland, TX Commercial Land

      2.685 acres, Owner Financing Available
      9260 Sweetwater Ave, Stanton, TX 79782
      View Details
    • $65,065
      1.00 Acres

      Land For Sale, Midland, TX

      Land available in Midland, TX, priced per acre.
      Miami Cv, Midland, TX 79705
      View Details
    • $67,990
      1.05 Acres

      Land For Sale, Midland, TX

      Land available in Midland, TX, priced at $65,000 per acre.
      Miami Cv, Midland, TX 79705
      View Details
    • $65,065
      1.00 Acres

      Land for Sale in Midland

      Land available in Midland, TX, suitable for industrial or residential use.
      33 Miami Cv, Midland, TX 79705
      View Details
    • $71,110
      1.09 Acres

      Land For Sale, Midland, TX

      Land available in Midland, TX, suitable for industrial or residential.
      Miami Cv, Midland, TX 79705
      View Details
    • $67,990
      1.05 Acres

      Industrial Land for Sale

      Industrial land available in Midland, TX, priced per acre.
      32 Miami Cv, Midland, TX 79705
      View Details

    Nearby Similar for Sale

    • $750,000
      11,200 SF

      Dollar General Investment Opportunity

      Dollar General store on 0.50 acres in Stanton, Texas.
      301 N Front St, Stanton, TX 79782
      View Details
    • $750,000
      11,200 SF

      Dollar General Investment Opportunity

      Dollar General investment opportunity in Stanton, Texas.
      301 E Front St, Stanton, TX
      View Details
    • $750,000
      3.00 Acres

      Stanton Commercial Property - 3 Acres

      Prime 3-acre commercial property with rental income.
      2665 County Rd, Stanton, TX 79782
      View Details
    • $857,500
      20.00 Acres

      Stanton Retail & RV Park Investment

      Prime 20-acre RV park, high occupancy.
      2045 County Road C2801, Stanton, TX 79782
      View Details
    • $175,000
      0.78 Acres

      Stanton Commercial Building - .78 Acres

      Spacious commercial building, prime location. High-traffic area.
      703 Lamesa Hwy, Stanton, TX 79782
      View Details
    • $1,925,000
      13.00 Acres

      Stanton, TX Commercial Estate

      13 Acres, 6 Shops, Multi-Family
      2435 Hwy, Stanton, TX 79782
      View Details
    • $1,495,000
      8,395 SF

      I-20 Jackpot: Prime West Texas Retail

      High-traffic West Texas redevelopment opportunity.
      3398 I-20, Stanton, TX 79782
      View Details
    • $275,000
      2,232 SF

      Stanton Retail Investment Opportunity

      Grocery store & office space, high cap rate.
      407 Lamesa Hwy, Stanton, TX 79782
      View Details
    • $249,500
      2,232 SF

      407 Lamesa Hwy, Stanton, TX 79782

      Office Properties & Spaces • 2,232 SF
      407 Lamesa Hwy, Stanton, TX 79782
      View Details
    • $1,495,000
      8,395 SF

      3398 I-20, Stanton, TX 79782

      Commercial real estate • 8,395 SF
      3398 I-20, Stanton, TX 79782
      View Details

    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
    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.
    2904 Prt Alto Dr
    Stanton, TX 79782
    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
    2904 Prt Alto Dr Stanton, TX 79782
    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

    We can help!
    Listing Contact
    Thomas Johnston
    Thomas Johnston
    Real Estate License ID: TX 542176
    (432) 688-8200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.