435 Fm 1233Monahans, TX 79756-8128

Property Details for 435 Fm 1233

Lot size

11.00 AC

Property size (Sq ft)

8,296 SF

Property type

Other commercial real estate

APN

707513

APU

707513

Description

This exceptional 3,750-square-foot flex space, situated on an expansive 11-acre lot in Monahans, Texas, presents a compelling investment opportunity. The property, built in 2015 and renovated in 2019, features a single-story metal building with a 25-foot eave height, perfectly suited for various industrial uses. Four oversized (approximately 16-foot tall) grade-level bay doors, including two drive-through bays, ensure efficient loading and unloading. The property boasts three above-ground water tanks, likely servicing an open-air wash pit. Multiple modular office structures provide ample administrative space, complementing the warehouse area. The site is fully enclosed by a six-foot chain-link fence with barbed wire, accessed via main and secondary gates along FM 1233. The entire 11-acre lot is graveled with a compacted caliche base. Fifteen RV spots with individual power, water, and septic connections offer convenient employee lodging. Currently under a triple-net (NNN) lease expiring December 31, 2027, with a remaining term of approximately 3.1 years, this property offers a strong return on investment. The tenant, Culberson Construction Energy Services (CCI), provides midstream facilities maintenance services to the oil and gas industry, making this location strategically advantageous for energy service, trucking, and pipeline construction/fabrication companies. The property's location less than an hour from Midland/Odessa further enhances its appeal. The asking price is $900,000, translating to $240 per square foot. The APN is 0707513.

• Alternative Use

  Use

  Valuation

  Residential

  $1,408,776

  Hospitality

  $1,290,431

  Educational

  $1,073,624

  Medical

  $1,110,547

  Retail

  $1,670,081

Location Insight

City

Monahans

County

Ward

State

Texas

Latitude

31.5214

Longitude

-102.888

Property Tax & Assessments

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