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    5504 Starboard Dr Midland, TX 79706

    For Sale
    $831,778

    Prime Midland, TX commercial land, 2.01 acres, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 2.01-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Midland, Texas. Located at 5504 Starboard Drive, this property boasts a highly desirable Planned Development (PD) zoning designation, offering considerable flexibility for a wide range of commercial ventures. The asking price is $831,778.20, translating to $9.50 per square foot. This strategically positioned lot enjoys exceptional visibility and high traffic volume due to its proximity to Loop 250, a major thoroughfare. Businesses will benefit from easy access to Loop 250, Business 20, and Interstate 20, ensuring seamless connectivity throughout the region. Furthermore, the property's location near the Midland Cinergy Entertainment Center adds to its appeal, providing access to a significant concentration of foot traffic and potential customers. City utilities are readily available, simplifying the development process. This prime location and flexible zoning make this property ideal for a variety of commercial uses, presenting a compelling opportunity for investors seeking high-visibility exposure and convenient access to major transportation arteries in a dynamic and growing market. The property is situated in Midland County, Texas, with a zip code of 79706.

    Property Features for 5504 Starboard Dr

    General Information

    Property type
    Land
    Lot Size
    87,556 SF

    HighLights

    • High‑visibility location on Loop 250.
    • High‑traffic area with excellent visibility.
    • Easy access to Loop 250, Business 20, and I‑20.
    • Proximity to the Midland Cinergy Entertainment Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1452
    Latitude
    31.963836

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    FAQs

    What type of property is this?
    Land - Prime Midland, TX commercial land, 2.01 acres, high visibility.
    Where is this land located?
    The property is located at 5504 Starboard Dr Midland, TX.
    What is the asking price?
    The asking price for this property is $831,778.
    What are key features of this property?
    This property features: High-visibility location on Loop 250.; High-traffic area with excellent visibility.; Easy access to Loop 250, Business 20, and I-20.
    (432) 582-2250
    Request Owner's contact information
    5504 Starboard Dr Midland, TX 79706
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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
    5504 Starboard Dr Midland, TX 79706
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