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    5018 Pimlico Dr Midland, TX 79707

    Picture of Land at Pimlico Dr 5018, Midland, TX
    For Sale
    $2,178,000

    COMMERCIAL - Midland, TX

    Property size:
    218,018 SF
    Lot size:
    5.00 Acres
    Days on Market:
    98
    Last Refresh:
    Dec 11 at 3:06 pm

    Property Features for 5018 Pimlico Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R000211695
    Size
    218,018 SF
    Lot size
    5.00 Acres

    The Real Estate Ranch LLC (432) 688-8200

    Listing agent Daniel Hunt (432) 889-7832

    Listing date Sep 5, 2025

    Copyright © 2025 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Midland Land For Sale

    This property, located in Midland, Texas, consists of approximately 5 acres of land, equivalent to 218,018 square feet. While currently zoned for residential use, there are ongoing efforts to rezone it for commercial purposes. The property is situated in Midland County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Auto Repair Shop Gym & Fitness Kitchen & Bath Accounting Firm Bar & Pub Garden Center Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1655947
    Latitude
    32.0415648

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    FAQs

    What type of property is this?
    Land - Land available in Midland, Texas, with commercial potential.
    Where is this land located?
    The property is located at 5018 Pimlico Dr Midland, TX.
    What is the asking price?
    The asking price for this property is $2,178,000.
    What are key features of this property?
    This property features: - Zoned for residential use.; - Working toward commercial zoning.; - Property location available (coordinates provided).
    (432) 889-7832
    Request Owner's contact information
    5018 Pimlico Dr Midland, TX 79707
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    Realmo Value Estimation

    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.

    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.

    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
    5018 Pimlico Dr Midland, TX 79707
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