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    558 Monahans Tx 79756 Thorntonville, TX 79756
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    558 Monahans Tx 79756, Thorntonville, TX 79756

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    Property Details for 558 Monahans Tx 79756

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional industrial land offering presents a unique opportunity in Monahans, Texas. Located just east of Highway 18 at 558 Private Road 42, Thorntonville, TX 79756, this property encompasses up to 12 acres, with 4 acres already featuring a prepared caliche pad. The site boasts convenient access to essential utilities, including electricity, water, and sewer services available on both the east and west property lines. Water is supplied by a well with a holding tank. The property is currently offered for lease at a rate of $700 per leased acre per month. The owner is also open to subdividing the land for sale, with individual acre parcels priced at $75,000. Please note that a mobile home currently situated on the property is not included in the sale or lease. This prime location and flexible options make this an ideal site for various industrial uses. The property is situated in Ward County and offers significant potential for businesses seeking a strategic location in the Monahans area. The 4-acre padded area provides a ready-to-use space, minimizing initial development costs. This versatile property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thorntonville
    County
    Ward
    State
    Texas
    Longitude
    -102.885
    Latitude
    31.5518

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      558 Private Rd

      Land • 4.00 Acres
      558 Private Rd, Thorntonville, TX 79756
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    • Value Estimation by Request
      4.83 Acres

      3462 Main St

      Land • 4.83 Acres
      3462 Main St, Monahans, TX 79756
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    • Value Estimation by Request
      5.00 Acres

      675 Pr42 Monahans Tx 79765

      Land • 5.00 Acres
      675 Pr42 Monahans Tx 79765, Thorntonville, TX 79756
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    • Value Estimation by Request
      4.83 Acres

      Main Ave

      Land • 4.83 Acres
      0 Main Ave, Monahans, TX 79756
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    • Value Estimation by Request
      65.00 Acres

      20 Service Rd

      Land • 65.00 Acres
      20 Service Rd, Monahans, TX 79756
      View Details
    • Value Estimation by Request
      17.00 Acres

      42Nd St

      Land • 17.00 Acres
      0 42Nd St, Monahans, TX 79756
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      9.527 Acres of Land

      9.527 acres of land available for sale.
      138 Fm 1233, Monahans, TX 79756
      View Details
    • $800,000
      12.35 Acres

      Monahans, TX Land For Sale

      12.35 acre land parcel in Monahans, Texas.
      312 Private Rd 42, Monahans, TX 79756
      View Details
    • $90,000
      20.00 Acres

      20 Acres Land in Monahans

      Two 10-acre lots sold as one near County Rd.
      County Rd 425, Monahans, TX 79756
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    • Contact for pricing
      5.10 Acres

      Raw Land in Ward County

      5.1 acres of unrestricted land in Monahans, Texas.
      Monahans, TX 79756
      View Details
    • $880,000
      20.00 Acres

      Monahans, TX Commercial Land

      20-acre commercial tract ready for development in Monahans, TX.
      3894 S Steeple O Pkwy, Monahans, TX 79756
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    • $522,500
      9.95 Acres

      9.95 Acres Truck Yard

      9.95 acres truck yard with metal building in Monahans.
      3500 S Colorado St, Monahans, TX 79756
      View Details

    Similar Nearby for Lease

    • $6,500 /Mo
      5,000 SF

      Monahans Industrial Property For Lease

      5,000 SF industrial property with office on 3 acres.
      350 Steeple O Rd, Monahans, TX 79756
      View Details
    • $9 SF/Yr
      10,765 SF

      Monahans Industrial Property - 10,765 SF

      Versatile warehouse, office, & distribution space.
      3000 Stockton Ave, Monahans, TX 79756
      View Details
    • $3,500 /Mo
      414,996 SF

      Monahans, TX Land For Lease

      9.53 acre commercial land parcel available for lease.
      3407 Fm 1233, Monahans, TX 79756
      View Details
    • $7,500 /Mo
      537,966 SF

      Monahans, TX Fenced Land

      12.35 acres of fenced land available for lease.
      312 Private Rd 42, Monahans, TX 79756
      View Details
    • $1,500 /Mo
      1,336 SF

      Monahans Retail/Office Space Available

      Main Street commercial space suitable for office or retail use.
      107-1/2 S Main Ave, Monahans, TX 79756
      View Details
    • $4,000 /Mo
      1,360 SF

      Monahans Home on Spacious Acreage

      Recently updated 3-bedroom home on 2.77 acres for rent.
      2902 S Yvonne St, Monahans, TX 79756
      View Details
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    558 Monahans Tx 79756
    Thorntonville, TX 79756
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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
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