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    Crk 1275 Midland, TX 79707

    For Sale
    $1,251,250

    10 Acres, High Visibility, RR Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 10.01-acre commercial land parcel presents a remarkable investment opportunity in Midland, Texas. Strategically located at the intersection of Highway 191 and North County Road 1275, this property boasts over 1,500 feet of highway frontage, ensuring unparalleled visibility for any commercial venture. The asking price is $1,251,250, translating to $125,000 per acre. Zoned RR (Regional Retail District), this site is ideally suited for a diverse range of developments, including retail, storage facilities, multi-tenant retail complexes, industrial uses, flex spaces, or owner-user projects. The high traffic count is a significant advantage, with the Texas Department of Transportation reporting an Annual Average Daily Traffic (AADT) of 41,223 vehicles on Highway 191 in 2023. This prime location within Midland city limits offers convenient access and excellent visibility. Further enhancing its appeal, city water is available on the north side of the property. This is a rare opportunity to acquire a substantial tract of land with exceptional potential in a thriving Texas market. The property's size, zoning, and location combine to create a compelling investment prospect for discerning buyers. Don't miss this chance to secure a piece of Midland's commercial landscape. The zip code is 79707, and the property is situated in Midland County.

    Property Features for 0 Crk 1275

    General Information

    Property type
    Land
    Lot Size
    436,036 SF

    HighLights

    • 10.01‑acre development land zoned RR (Regional Retail District).
    • High‑traffic location on Hwy 191 with 41,223 AADT (2023).
    • Excellent visibility and access on Hwy 191 with over 1,500 feet of frontage.
    • Located within Midland city limits with city water available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.23118487208
    Latitude
    31.979851968056

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    FAQs

    What type of property is this?
    Land - 10 Acres, High Visibility, RR Zoning
    Where is this land located?
    The property is located at Crk 1275 Midland, TX.
    What is the asking price?
    The asking price for this property is $1,251,250.
    What are key features of this property?
    This property features: 10.01-acre development land zoned RR (Regional Retail District).; High-traffic location on Hwy 191 with 41,223 AADT (2023).; Excellent visibility and access on Hwy 191 with over 1,500 feet of frontage.
    (432) 682-2510
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    Crk 1275 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
    Crk 1275 Midland, TX 79707
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