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    1003 S Midkiff Rd Midland, TX 79701

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    For Sale
    $3,500,000

    5.51 acres for redevelopment with three flagged hotels.

    Property size:
    5 SF
    Lot size:
    5.51 Acres

    Property Features for 1003 S Midkiff Rd

    General Information

    Size
    5 SF
    Lot size
    5.51 Acres

    Building Details

    Year built
    1974

    Source: Jeff Beard CCIM Agent Jeff Beard CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    5.51 Acres Redevelopment Opportunity

    This 5.51-acre property presents a redevelopment opportunity and includes three flagged hotels totaling 172,932 square feet. It is located in the Midland/Odessa, Texas market, specifically at the southeast corner of South Midkiff Road and Bankhead Highway in Midland, Texas. The portfolio includes Midland Extended Stay (41,062 SF), OYO Midland (76,240 SF), and a 55,630 SF building. This is a unique opportunity to enter the financial and trade center for the vast Permian Basin, with growing aerospace and distribution industries.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    May Spa Massage Spa CDE Inc Embroidery Shop Southwest Bowling Apparel Clothing Store Permian Basin Real ... Real Estate Agency OYO Hotel Midland Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1110312
    Latitude
    31.9781993

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    FAQs

    What type of property is this?
    Land - 5.51 acres for redevelopment with three flagged hotels.
    Where is this land located?
    The property is located at 1003 S Midkiff Rd Midland, TX.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - 5.51 acre redevelopment opportunity; - Portfolio includes three flagged hotels totaling 172,932 SF; - Located in the Midland/Odessa, Texas market
    (281) 367-2220
    Request Owner's contact information
    1003 S Midkiff Rd Midland, TX 79701
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    Midland, TX 79701
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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
    1003 S Midkiff Rd Midland, TX 79701
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