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    2927 Canal Monahans, TX 79756
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    2927 Canal Monahans, TX 79756

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    • Industrial properties
    • 8.97 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 2927 Canal

    Year built
    2018
    Lot size
    8.97 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 8.97-acre industrial property is situated in the desirable Steeple O Commercial Park of Monahans, Texas. Its prime location within West Texas and the Delaware Basin offers unparalleled access to regional infrastructure and resources. The property boasts three man camp trailers: two are hotel-style units, each featuring four bedrooms, four bathrooms, and fully equipped kitchens

    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
    -102.924
    Latitude
    31.5277

    Comparable in this City

    • Value Estimation
      $535,000
      12,216 SF

      3705 Loop 464th Rd

      INDUSTRIAL (GENERAL) • 12,216 SF
      3705 Loop 464th Rd, Monahans, TX 79756-9002
      View Details
    • Value Estimation by Request
      7,268 SF

      464 Loop 464th Rd

      INDUSTRIAL (GENERAL) • 7,268 SF
      464 Loop 464th Rd, Monahans, TX 79756
      View Details
    • Value Estimation by Request
      780 SF

      1306 Main Ave

      INDUSTRIAL (GENERAL) • 780 SF
      1306 Main Ave, Monahans, TX 79756-3033
      View Details
    • Value Estimation by Request
      3,392 SF

      2613 Stockton Ave

      INDUSTRIAL (GENERAL) • 3,392 SF
      2613 Stockton Ave, Monahans, TX 79756
      View Details
    • Value Estimation by Request
      1,664 SF

      100 Industrail Rd

      INDUSTRIAL (GENERAL) • 1,664 SF
      100 Industrail Rd, Monahans, TX 79756
      View Details
    • Value Estimation by Request
      1,136 SF

      15th

      INDUSTRIAL (GENERAL) • 1,136 SF
      15th, Monahans, TX 79756
      View Details

    Similar Nearby for Sale

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      Updated Commercial Property on One Acre

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      10,765 SF

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    • $522,500
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    • New
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      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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    • $585,000
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      Monahans Office, Warehouse, Fueling Station

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    Similar Nearby for Lease

    • New
      $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
    • $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
    • $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
    • $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
    • $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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    2927 Canal
    Monahans, 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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