Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6301 County Road 1178 Midland, TX 79701

    View on Map
    Sponsored
    Picture of Farms at County Road 1178 6301, Midland, TX
    For Sale
    $1,600,000

    LAND - Midland, TX

    Lot size:
    20.00 Acres
    Days on Market:
    49
    Last Refresh:
    Mar 31 at 4:06 am

    Property Features for 6301 County Road 1178

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000006381
    Fencing
    Fenced, Barbed Wire
    Lot size
    20.00 Acres

    Utilities

    Utilities
    Phone Available
    Sewer type
    Septic Tank
    Water source
    Well

    Building Details

    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Caden Tucker

    ABTX-RE, LLC

    Listing agent Caden Tucker License #0734725

    Listing date Feb 10, 2026

    MLS# 107341 Listing URL

    Copyright © 2026 San Angelo Association 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.

    Learn more

    Property Insight Report

    Overview

    Midland Land with Water Wells

    This 20-acre property in Midland, TX, offers country living with significant potential. It features a mobile home and a 40x60 shop that includes a one-bed, one-bath apartment with a living room and kitchen area. The property is enclosed with pipe and wire fencing and includes 6 water wells. A current survey indicates that 11 acres are open with no encumbrances, while the remaining 9 acres are divided and sectioned off. According to the listing, the property is ready for its next project or owner. Two water aquifers cross under the property, with proof available for both. The property is currently producing thousands of gallons daily, making it suitable for water sales or personal water projects.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Department Store Electrical Service Bed & Breakfast (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.034393
    Latitude
    31.924806

    Nearby Similar for Sale

    • $675,000
      4,656 SF

      Versatile Building Near Downtown Midland

      Adaptable 4,656 SF building suitable for various purposes.
      405-407 N Terrell St, Midland, TX 79701
      View Details
    • $850,000
      3,000 SF

      Midland Commercial Property For Sale

      3000 SF commercial property in a prime Midland location.
      10904 State Highway 191, Midland, TX 79707
      View Details
    • $675,000
      4,656 SF

      Versatile Building Near Downtown Midland

      Adaptable building suitable for various uses near downtown Midland.
      405-407 N Terrell St, Midland, TX 79701
      View Details
    • $799,900
      1,830 SF

      Midland Retail Space For Sale

      High-traffic corner lot retail space in Midland, Texas.
      2800 W Wall St, Midland, TX 79701
      View Details
    • New
      $2,667,000
      13,640 SF

      Midland Industrial Asset on Acreage

      13,640 SF industrial asset on 3.5 acres near TX-349.
      1113 Dayton Rd, Midland, TX 79706
      View Details
    • $475,000
      4,200 SF

      Two-Story Office Building in Midland

      4,200 SF office building near Business I-20.
      125 Fort Worth St N, Midland, TX 79701
      View Details
    • New
      $2,999,000
      11,000 SF

      Midland Executive Office/Warehouse on Acres

      Class A office/warehouse on 2.23 acres in Midland, TX.
      10804 State Highway 191, Midland, TX 79707
      View Details
    • $600,000
      14,361 SF

      Midland Property with Shop

      Property featuring a shop on 10.26 acres in Midland.
      3704 County Road 1223 1/2, Midland, TX 79706
      View Details
    • $1,350,000
      5,826 SF

      Downtown Midland Commercial Property

      Commercial property in downtown Midland with office and shop space.
      308 E Louisiana Ave, Midland, TX 79701
      View Details
    • $2,090,000
      11,000 SF

      Midland Industrial Property with Upgrades

      Two-building industrial property with recent upgrades on 1.7 acres.
      3305 Bankhead Hwy, Midland, TX 79701
      View Details
    • New
      $355,000
      2,049 SF

      Midland Investment Opportunity

      Three rental units on one parcel with income potential.
      2407 W Indiana Ave, Midland, TX 79701
      View Details
    • $550,000
      6,000 SF

      Midland Commercial Property For Sale

      Commercial property with shop, apartments, and endless opportunities.
      2801 W Kentucky Ave, Midland, TX 79701
      View Details

    FAQs

    What type of property is this?
    Farm - 20-acre property featuring a shop, apartment, and multiple water wells.
    Where is this farm located?
    The property is located at 6301 County Road 1178 Midland, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Abundant Water Source: Two water aquifers cross under the property, producing thousands of gallons daily.; - Large Shop: Features a 40x60 shop with a one-bedroom, one-bathroom apartment, living room and kitchen.; - Sizeable Land Parcel: 20 total acres, with 11 acres open and clear.
    (325) 262-7196
    Request Owner's contact information
    6301 County Road 1178 Midland, TX 79701
    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.
    6301 County Road 1178
    Midland, TX 79701
    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
    6301 County Road 1178 Midland, TX 79701
    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

    We can help!
    Listing Contact
    Caden Tucker
    Real Estate License ID: 0734725
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!