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    8416 Tx-191 Midland, TX 79707

    For Sale
    $1,999,000

    Prime 6-acre industrial lot in Midland, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 6-acre industrial land parcel presents a unique investment opportunity in the thriving Midland, Texas market. Located at 8416 TX-191, this property boasts a highly desirable location, situated between Odessa and Midland off Highway 191. The lot is conveniently positioned at the corner of the Highway 191 service road and North County Road 1271, ensuring excellent visibility and accessibility. Its strategic placement between Mid-City Church and Southwest Baptist Church further enhances its appeal. The property benefits from significant daily traffic volume, making it ideal for a variety of commercial ventures. Its proximity to Highways 1788 and 349, along with its close proximity to the Midland airport, adds to its logistical advantages. The area already features numerous established businesses, creating a supportive and dynamic commercial environment. This raw land is ready for development, offering the potential to build a new business in a high-traffic, well-established area. The asking price for this exceptional 6-acre tract is $1,999,000. Don't miss this chance to secure a prime piece of Midland real estate. The property is zoned for industrial use and offers significant potential for future growth and profitability. Contact us today to learn more about this outstanding opportunity.

    Property Features for 8416 Tx-191

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • 6‑acre industrial land parcel in Midland, TX, priced at $1,999,000.
    • Located at 8416 TX‑191, at the corner of Hwy 191 service road and N County Road 1271, offering high visibility and accessibility.
    • Excellent location between Odessa and Midland, near major highways (1788 & 349) and Midland airport.
    • High daily traffic volume and proximity to established businesses.
    • Zoned for industrial use and ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.22182405587
    Latitude
    31.982103627449

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    FAQs

    What type of property is this?
    Land - Prime 6-acre industrial lot in Midland, TX.
    Where is this land located?
    The property is located at 8416 Tx-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: 6-acre industrial land parcel in Midland, TX, priced at $1,999,000.; Located at 8416 TX-191, at the corner of Hwy 191 service road and N County Road 1271, offering high visibility and accessibility.; Excellent location between Odessa and Midland, near major highways (1788 & 349) and Midland airport.
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    8416 Tx-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 Tx-191 Midland, TX 79707
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