Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5108 Fm 307 Midland, TX 79706

    For Sale
    $1,044,000

    COMMERCIAL - Midland, TX

    Property size:
    8,840 SF
    Lot size:
    2.93 Acres
    Days on Market:
    191
    Last Refresh:
    Dec 13 at 4:06 am

    Property Features for 5108 Fm 307

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    R000212437
    Size
    8,840 SF
    Lot size
    2.93 Acres

    Utilities

    Sewer type
    Private Sewer
    Water source
    Well

    The Real Estate Ranch LLC (432) 688-8200

    Listing agent Thomas Johnston (432) 688-8200

    Listing date Jun 6, 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 Multifamily Investment Opportunity

    This multifamily property is located in Midland, TX, and features 8,840 square feet of space on 2.93 acres. The property has 195 feet of frontage on FM 307 and consists of four units, three of which are currently leased with new two-year leases. Situated in Greenwood ISD, the property is near I-20 and close to business parks. There is potential for value-add by adding RV spots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Building Supply Auto Repair Shop Accounting Firm Cafe & Coffee Shop Car Rental Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -101.9934838
    Latitude
    32.00429451

    Nearby Similar for Sale

    • $1,995,000
      11,246 SF

      Midland Office/Shop on 8.5 Acres

      Turnkey office/shop space with additional residential home near Midland.
      9009 W County Road 160, Midland, TX 79706
      View Details
    • $2,400,000
      8,254 SF

      Airbnb Tiny Homes and Barndominium

      Income-generating property with tiny homes, barndominium, and commercial building.
      4301 S County Road 1135, Midland, TX 79706
      View Details
    • $949,900
      7,128 SF

      Midland Commercial Property For Sale

      Commercial property in Midland, TX, ideal for various business ventures.
      1005 Austin St, Midland, TX 79703
      View Details
    • $5,500,000
      24,775 SF

      Downtown Midland Office Building

      Three-story office building in downtown Midland, Texas.
      200 W Illinois Ave, Midland, TX 79701
      View Details
    • $3,800,000
      30,396 SF

      Former Newspaper Building in Midland

      Expansive property with redevelopment potential in the heart of Midland.
      201 E Illinois Ave, Midland, TX 79701
      View Details
    • $1,450,000
      7,500 SF

      Midland Warehouse with Office Space

      Commercial warehouse with office on 3 acres in Midland.
      6707 S County Road 1065, Midland, TX 79706
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property on 2.93 acres near I-20.
    Where is this apartment building located?
    The property is located at 5108 Fm 307 Midland, TX.
    What is the asking price?
    The asking price for this property is $1,044,000.
    What are key features of this property?
    This property features: - Four leased units provide immediate rental income.; - Located in Greenwood ISD on 2.93 acres with 195' frontage on FM 307.; - Three units have new 2-year leases.
    (432) 688-8200
    Request Owner's contact information
    5108 Fm 307 Midland, TX 79706
    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.
    5108 Fm 307
    Midland, TX 79706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5108 Fm 307 Midland, TX 79706
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.