Commercial Land for School
For Lease
Contact for pricing
5501 Thomason Dr, Midland, TX 79703
Commercial land offered for lease across the street from Westridge Land, tied to a new high school project timeline.
Space SizeContact for details
Lot Size1.09 Acres
Days on Market554
Property Features for 5501 Thomason Dr
General Information
Standard status
Active
Lot size
1.09 Acres
Property subtype
LAND
Spaces For Lease
at 5501 Thomason Dr
Lot 2
AVAILABLE, Now
Type
LAND
Rate
Contact for pricing
Sublease
No
- Legacy High School [located across the street from Westridge Land]
- Groundbreaking: Summer 2025
- Opening: Fall 2028
- Approx $450M Build
- Academic Capacity: 3,800 students
- 5 Middle Schools to be updated and renovated
- 2nd New Midland High School to be built in the Lone Star Trails subdivision
- Academic Capacity: 3,800 students
- New Elementary School to be built in northeast Midland
- Located in the heart of West Texas –anchored in the Permian Basin
- Highest per capita GDP in the nation
- Highest producing oilfield in the nation [5.8M barrels/day]
- Responsible for nearly 40% of the nation’s energy production
Contact us
Listing Agency:
The Retail Connection | Dallas
(214) 572-0777
Listed By:
Steve Greenberg · License #352890
(214) 236-9501
Source:
Moodyscre
Added: Apr 24, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Retail Connection | Dallas
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Investment Insights
Based on property information with market context.
Offered for lease, this commercial land parcel is referenced in connection with a major Midland school development. Public remarks indicate groundbreaking is scheduled for summer 2025, with an opening targeted for fall 2028 as part of an approximately $450 million build and an academic capacity of about 3,800 students.
The remarks also note that the property is located across the street from Westridge Land, and that the broader plan includes updates and renovations to five middle schools. In addition, a second Midland High School is planned to be built in the Lone Star Trails subdivision, along with a new elementary school planned for northeast Midland.
As presented, the development is described as being anchored in the Permian Basin and located in “the heart of West Texas,” with remarks citing significant regional energy production levels.
The remarks also note that the property is located across the street from Westridge Land, and that the broader plan includes updates and renovations to five middle schools. In addition, a second Midland High School is planned to be built in the Lone Star Trails subdivision, along with a new elementary school planned for northeast Midland.
As presented, the development is described as being anchored in the Permian Basin and located in “the heart of West Texas,” with remarks citing significant regional energy production levels.
Key Highlights
- Commercial land offered for lease across the street from Westridge Land, tied to a new high school project timeline.
- New Midland High School in Lone Star Trails subdivision: groundbreaking Summer 2025; opening Fall 2028; approx. $450M build.
- Academic capacity for the new high school project: 3,800 students.
Property Analytics
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Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
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Business Placement
Demographics for 79703, TX
21,205
Population
8,110
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,262
Density / Sq Mi
$80,281
Median Household Income
$44,977
Median Earnings
$1,466
Median Rent
$220,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land offered for lease across the street from Westridge Land, tied to a new high school project timeline.
Where is this commercial land located?
The property is located at 5501 Thomason Dr Midland, TX.
What are key features of this property?
This property features: Commercial land offered for lease across the street from Westridge Land, tied to a new high school project timeline.; New Midland High School in Lone Star Trails subdivision: groundbreaking Summer 2025; opening Fall 2028; approx. $450M build.; Academic capacity for the new high school project: 3,800 students.
