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    8416 Hwy, Unit 191 Midland, TX 79707

    Picture of Commercial land at Hwy 8416, Midland, TX
    For Sale
    $1,999,000

    LAND - Midland, TX

    Lot size:
    6.00 Acres
    Days on Market:
    247
    Last Refresh:
    Dec 11 at 4:06 pm

    Property Features for 8416 Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000053683
    Fencing
    Barbed Wire
    Lot size
    6.00 Acres

    JL Herriage, LLC (432) 614-6004 [email protected]

    Listing agent John Herriage (432) 349-4494

    Listing date Apr 9, 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

    Land on Highway 191, Midland

    This 6-acre commercial land parcel is located on the north side of Highway 191 near Mid-Cities Church and Southwest Baptist Church. Situated at the corner of N CR 1271 and the service road of Highway 191, the property benefits from heavy traffic in the area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.222571
    Latitude
    31.982946

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    FAQs

    What type of property is this?
    Commercial land - 6-acre commercial land parcel on Highway 191 in Midland, TX.
    Where is this commercial land located?
    The property is located at 8416 Hwy, Unit 191 Midland, TX.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: - Heavy traffic area; - Corner lot; - Located on service road of Hwy 191
    (432) 349-4494
    Request Owner's contact information
    8416 Hwy, Unit 191 Midland, TX 79707
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    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
    8416 Hwy, Unit 191 Midland, TX 79707
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