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    Allison Crane Dr Verhalen, TX 79772

    For Sale
    $9,950,000

    West Texas commercial property, income producing.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 235-acre mixed-use property in Reeves County, Texas, presents a compelling investment opportunity. Strategically located just north of Pecos, near Highway 285, it boasts prime access to major transportation routes and is ideally situated for oilfield or commercial businesses serving Reeves, Ward, and Loving Counties. The property includes a 14,000 sq ft commercial metal building (Allison Crane & Rigging) featuring a 6-acre stabilized yard, multiple bays, offices, and ample storage, currently leased through December 2027. Also included is the High Hook Man Camp, comprising ten 1500 sq ft buildings, each with six rooms, plus a common building and manager's house, also leased through December 2027. Significant development potential exists with 175 acres of undeveloped land divided into 29 platted lots, ranging from 0.58 to 13.033 acres, most around 5 acres. City water and fiber optics are available. The property offers substantial income streams from existing leases and future development opportunities, including lot sales or leases and tap-on fees for city water. The property is 2.5 miles from Pecos and 5 miles from the airport. Orla is 36 miles away and Odessa is 74 miles away. This offering includes only the surface estate

    Property Features for 0 Allison Crane Dr

    General Information

    Property type
    Mixed-use properties
    Lot Size
    10,236,600 SF

    Building Details

    Year Built
    2019

    HighLights

    • Strong lease income through December 2027 with Allison Crane & Rigging.
    • Additional lease income through December 2027 with High Hook Man Camp.
    • Potential for sales or lease of undeveloped land parcels.
    • Revenue generation opportunity from city water tap fees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Verhalen
    County
    Reeves
    State
    Texas
    Longitude
    -103.50958683493
    Latitude
    31.458217640321

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    FAQs

    What type of property is this?
    Mixed-use property - West Texas commercial property, income producing.
    Where is this mixed-use property located?
    The property is located at Allison Crane Dr Verhalen, TX.
    What is the asking price?
    The asking price for this property is $9,950,000.
    What are key features of this property?
    This property features: Strong lease income through December 2027 with Allison Crane & Rigging.; Additional lease income through December 2027 with High Hook Man Camp.; Potential for sales or lease of undeveloped land parcels.
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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
    Allison Crane Dr Verhalen, TX 79772
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