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    1011 Texas Ave Midland, TX 79701

    For Sale
    $350,000

    Prime 0.24-acre office lot in Midland, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.24-acre commercial land parcel, located at 1011 W Texas Ave, Midland, TX 79701 (APN R51763), presents a unique opportunity to build a customized office space. Zoned O1 (Office District), this southeast corner lot at the intersection of Texas and D Street offers unparalleled convenience and visibility. The property allows for the construction of an office building up to 5,000 square feet, with ample on-site parking eliminating the hassles of downtown parking garages and street parking. Buyers have the flexibility to manage the entire construction process themselves, or utilize build-to-suit options, allowing for leasing or outright purchase of the completed building. This prime location offers easy access to downtown Midland while avoiding the congestion and parking challenges often associated with central business districts. The asking price for this exceptional opportunity is $350,000. Seize this chance to create your ideal office environment in a thriving Texas city.

    Property Features for 1011 Texas Ave

    General Information

    Property type
    Land
    Lot Size
    10,454 SF

    HighLights

    • Build‑to‑suit opportunity: Design and construction managed by us.
    • Prime downtown location with convenient access and ample parking.
    • 5,000 SF office building potential on site.
    • Southeast corner of Texas and D Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon 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
    -102.085687
    Latitude
    31.9973396

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    FAQs

    What type of property is this?
    Land - Prime 0.24-acre office lot in Midland, TX.
    Where is this land located?
    The property is located at 1011 Texas Ave Midland, TX.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Build-to-suit opportunity: Design and construction managed by us.; Prime downtown location with convenient access and ample parking.; 5,000 SF office building potential on site.
    (432) 682-2510
    Request Owner's contact information
    1011 Texas Ave 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
    1011 Texas Ave Midland, TX 79701
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