Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1518 Stuart Ave Monahans, TX 79756
    Back to Search
    Property profile & analytics

    1518 Stuart Ave, Monahans, TX 79756

    View on Map
    • Land
    • 2.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1518 Stuart Ave

    Lot size
    2.50 lot acres
    Property type
    Land

    Description

    This exceptional 2.5-acre commercial land parcel presents a unique investment opportunity in Monahans, Texas, situated in the heart of the Permian Basin's oil and gas producing region. Located at 1518 E Stuart Ave, Monahans, TX 79756 (Ward County, zip code 79756), this property is ideally positioned adjacent to the Fairfield Inn & Suites. The property's Commercial - Hotel zoning allows for a diverse range of development options, making it suitable for hospitality ventures, retail establishments, or quick-service restaurants. Given its strategic location within a thriving energy sector hub, this site offers significant potential for high returns. The asking price for this exceptional land is $500,000. The property's proximity to Midland and Odessa, major Permian Basin cities, further enhances its appeal and accessibility. This 2.5-acre tract provides ample space for substantial development, catering to the needs of a growing community and robust local economy. This is a rare opportunity to acquire a prime commercial lot in a dynamic and rapidly expanding area. Don't miss out on this chance to capitalize on the Permian Basin's economic strength.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monahans
    County
    Ward
    State
    Texas
    Longitude
    -102.869
    Latitude
    31.5855

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      TX-464 Loop

      Land • 1,200 SF
      TX-464 Loop, Monahans, TX 79756
      View Details
    • Value Estimation by Request
      4.83 Acres

      3462 Main St

      Land • 4.83 Acres
      3462 Main St, Monahans, TX 79756
      View Details
    • Value Estimation by Request
      5.10 Acres

      Tbd Fm 1927

      Land • 5.10 Acres
      0 Tbd Fm 1927, Monahans, TX 79756
      View Details
    • Value Estimation by Request
      5.00 Acres

      138 F.m. 1233

      Land • 5.00 Acres
      138 F.m. 1233, Thorntonville, TX 79756
      View Details
    • Value Estimation by Request
      4.83 Acres

      Main Ave

      Land • 4.83 Acres
      0 Main Ave, Monahans, TX 79756
      View Details
    • Value Estimation by Request
      127.25 Acres

      Tbd 1

      Farms • 127.25 Acres
      0 Tbd 1, Wickett, 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
      View Details
    • 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
      View Details
    • $800,000
      20.42 Acres

      20.42 Acres Land, Monahans, TX

      20.42 acres of land located on Interstate-20 S Service Road.
      I-20 S Service Rd, Monahans, TX 79756
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $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
    • $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
    • $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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1518 Stuart Ave
    Monahans, TX 79756
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1518 Stuart Ave, Monahans, TX, 79756
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!