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    County Rd Lamesa, TX 79331

    Sponsored
    For Sale
    $550,000

    Prime investment: Ranch, home, shops

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    Exceptional investment opportunity in Dawson County, Texas, encompassing 52 acres of land. This property boasts a substantial 3,565 square foot, three-bedroom, three-bathroom home, perfect for comfortable living. Significant commercial potential is offered by a 6,000 square foot shop and a 9,600 square foot shell building complete with office space. A large 30' x 50' walk-in cooler adds further versatility. The property's agricultural aspects are highlighted by its established pecan orchard, supported by three irrigation wells with a combined output of 60-120 gallons per minute, and two domestic wells. The location, approximately 45 miles northeast of Midland and 45 miles southwest of Lubbock, offers convenient access to major transportation routes. The property is situated 10 miles northwest of Lamesa, accessible via Ranch Road 829 and County Road E. An additional 50 acres are available for purchase, presenting a unique opportunity to expand the existing operation. This property presents a compelling blend of residential comfort and significant commercial potential, making it an ideal investment for discerning buyers.

    Property Features for 0 County Rd

    General Information

    Property type
    Farms
    Lot Size
    2,265,120 SF

    We can help!

    Listing Contact
    Thomas Johnston
    Thomas Johnston

    Learn more

    HighLights

    • 52‑acre pecan ranch with a 3,565 sq ft, 3 bed, 3 bath home.
    • Includes a 6,000 sq ft shop.
    • Features a 9,600 sq ft shell building with office space.
    • Equipped with a 30' x 50' walk‑in cooler.
    • Excellent investment opportunity with three irrigation wells and two domestic wells.
    • Asking price: $550,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lamesa
    County
    Dawson
    State
    Texas
    Longitude
    -102.09454
    Latitude
    32.81664

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      25 Acres with Irrigation Wells

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    FAQs

    What type of property is this?
    Farm - Prime investment: Ranch, home, shops
    Where is this farm located?
    The property is located at County Rd Lamesa, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 52-acre pecan ranch with a 3,565 sq ft, 3 bed, 3 bath home.; Includes a 6,000 sq ft shop.; Features a 9,600 sq ft shell building with office space.
    Request Owner's contact information
    County Rd Lamesa, TX 79331
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    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
    County Rd Lamesa, TX 79331
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    We can help!
    Listing Contact
    Thomas Johnston
    Thomas Johnston
    Real Estate License ID: TX 542176
    Learn more
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