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Property profile & analytics
OFF-MARKET
Land

2937 Atasco Dr Stanton, TX 79782

3.43 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.432-acre commercial and residential land parcel presents a unique investment opportunity in Stanton, Texas, near Midland. Located at 2937 Atasco Drive, Martin County, TX 79782 (APN: 003810003500420), this property offers versatile usage potential. Priced at $154,440, it's also available with owner financing, requiring only a 10% down payment and a 15% interest rate. The asking price equates to approximately $45,000 per acre. This brand-new development is ideal for small industrial yards and homesites, catering to the needs of the Permian Basin. Water availability is estimated at 20 gallons per minute. Mobile homes are permitted. Note that mandatory annual HOA fees are $600 per lot. The HOA will manage a 5-acre reserve for potential future water needs and will be responsible for property taxes. Specific restrictions apply, including setbacks (10' from boundaries or ROW, 50' for septic systems), prohibitions on commercial water sales/SWDs, animal feedlots, junk lots, abandoned equipment, and hazardous waste. Mancamps are prohibited

Property profile
Verified
Property type Land
Lot 3.43 ac (149,498 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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