Property profile

3462 Main St Monahans, TX 79756

OFF-MARKET
Land
4.83 ac lot
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Property summary

AI-generated overview

This exceptional 4.833-acre commercial and industrial lot is available for $225,000 in the Steeple O Commercial Park, Monahans, Texas. The property boasts a substantial, compacted caliche pad covering the entire lot, providing a solid foundation for various commercial or industrial uses. A chain link fence encloses the entire property, offering security and defining its boundaries. Located at 3462 Main ST, Monahans, TX 79756, this centrally located site benefits from its proximity to key infrastructure. It's situated within the Delaware Shale play of the Permian Basin, a region known for its significant oil and gas activity. The lot enjoys convenient access, being just a few miles south of Interstate 20 and off Highway 18. Furthermore, it's less than an hour's drive from the Midland/Odessa metroplex, Midland International Airport, Fort Stockton, Pecos, Kermit, and even New Mexico. The Steeple O Commercial Park is home to numerous nationally recognized oil service companies, providing a strong and established business environment. This property presents a unique opportunity for businesses seeking a well-prepared and strategically located site in a thriving West Texas energy hub. The permitted zoning is commercial, offering flexibility for a range of development possibilities.

Property profile

Verified
Property type Land
Lot 4.83 ac (210,525 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3462 Main St Monahans, TX 79756
Monahans metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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