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    N County Road 1040 Midland, TX 79706

    For Sale
    $1,188,000

    100.1-300 Acres - Midland, TX

    Lot size:
    108.00 Acres
    Days on Market:
    311
    Last Refresh:
    Dec 12 at 6:06 pm

    Property Features for N County Road 1040

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Other
    Lot size
    108.00 Acres

    Building Details

    Architectural style
    Other

    The Real Estate Ranch LLC (432) 688-8200

    Listing agent Thomas Johnston ABR /CNHS (432) 688-8200

    Listing date Feb 5, 2025

    MLS# 50079802 Listing URL

    Copyright © 2025 Permian Basin 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

    Unrestricted Development Tract in Midland

    This 108-acre unrestricted development tract is located in Greenwood, just south of I-20 on County Road 1900, close to County Road 1040. The property has an unpaved right-of-way on County Road 3201, coming in from the north. It is suitable for an RV park, dirt bike activities, dirt/caliche operations, and water sales, offering unlimited options. Three-phase electric power runs along the east fenceline with an underground drop to the center of the land, while the west side has a single-phase line going to a neighboring tract to the north. The property is located not too far from the Houston Draw.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -101.82780987023
    Latitude
    32.083449557214

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    FAQs

    What type of property is this?
    Land - Unrestricted 108-acre development tract suitable for various commercial uses.
    Where is this land located?
    The property is located at N County Road 1040 Midland, TX.
    What is the asking price?
    The asking price for this property is $1,188,000.
    What are key features of this property?
    This property features: - Unrestricted land use allows for diverse development options.; - Excellent location in Greenwood, south of I-20 on CR 1900, near CR 1040.; - Three-phase electric power available along the east fenceline with an underground drop to the center of the land.
    (432) 688-8200
    Request Owner's contact information
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    Midland, TX 79706
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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
    N County Road 1040 Midland, TX 79706
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