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    1601 Cord Dr Midland, TX 79706

    For Sale
    $750,000

    40-Acre Estate, Multi-Use Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 40-acre property in Midland, Texas (APN R000002805), presents a unique investment opportunity. Located at 1601 N County Road 1110, Midland, TX 79706, this expansive land parcel offers both commercial and residential potential. The property includes three water wells, providing ample resources. Its strategic location boasts convenient access to major transportation arteries, situated just 1.25 miles from I-20 and 1.5 miles from Highway 307, while Greenwood School is only 4 miles away. The existing improvements comprise a substantial 3,189 square-foot main residence featuring three bedrooms and four bathrooms. This home boasts unique architectural details including hand-carved chandeliers and doors, murals, paintings, and stained-glass windows. A separate barn, previously used as an art gallery, complements the main house. The property's unrestricted zoning allows for a wide range of uses, from an event center or truck yard to a large family compound or even a church, given the existing baptizing area/bathroom within the main residence. The asking price for this remarkable property is $750,000. This is a rare opportunity to acquire a large, versatile tract of land with existing structures in a desirable location.

    Property Features for 1601 Cord Dr

    General Information

    Property type
    Land
    Lot Size
    1,742,400 SF

    HighLights

    • 40‑acre land parcel available for sale.
    • Three (3) producing water wells on site.
    • Convenient access to Interstate 20.
    • Highly versatile property with significant development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -101.95724
    Latitude
    32.0331

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    FAQs

    What type of property is this?
    Land - 40-Acre Estate, Multi-Use Potential
    Where is this land located?
    The property is located at 1601 Cord Dr Midland, TX.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 40-acre land parcel available for sale.; Three (3) producing water wells on site.; Convenient access to Interstate 20.
    (432) 688-8200
    Request Owner's contact information
    1601 Cord 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
    1601 Cord Dr Midland, TX 79706
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