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    5518 Big Spring St Midland, TX 79705

    For Sale
    $4,537,200

    Prime Midland, TX commercial land, ideal retail development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 7.44-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Midland, Texas. Located at 5518 N Big Spring St, Midland, TX 79705, this property boasts convenient access via Mockingbird Lane and Pavilion Parkway, placing it at a key intersection with excellent visibility. The site is strategically surrounded by a mix of established commercial businesses and residential communities, ensuring a strong customer base and high traffic volume. Its prime location offers easy access to TX-349, a major thoroughfare with approximately 19,000 vehicles passing daily. The property's significant size and strategic location make it particularly well-suited for the development of a retail center or other commercial ventures. Further enhancing its appeal, the area is experiencing substantial residential growth, with over 1,000 new homes constructed to the north and more planned for the future. This translates to a burgeoning population base and increased demand for commercial services. The asking price for this exceptional property is $4,537,200. This presents a unique chance to capitalize on Midland's robust economic climate and secure a prominent position in a rapidly expanding market. The signalized intersection ensures optimal visibility and accessibility for potential businesses.

    Property Features for 5518 Big Spring St

    General Information

    Property type
    Land
    Lot Size
    324,086 SF

    HighLights

    • 7.44‑acre commercial land parcel in Midland, TX, at 5518 N Big Spring St.
    • Frontage on Mockingbird Ln and excellent visibility at a signalized intersection.
    • Easy access to TX‑349, with approximately 19,000 vehicles daily.
    • Surrounded by established businesses and residential areas, with over 1,000 new homes built nearby and more planned. $4,537,200 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -102.08381112141
    Latitude
    32.058233358975

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    FAQs

    What type of property is this?
    Land - Prime Midland, TX commercial land, ideal retail development.
    Where is this land located?
    The property is located at 5518 Big Spring St Midland, TX.
    What is the asking price?
    The asking price for this property is $4,537,200.
    What are key features of this property?
    This property features: 7.44-acre commercial land parcel in Midland, TX, at 5518 N Big Spring St.; Frontage on Mockingbird Ln and excellent visibility at a signalized intersection.; Easy access to TX-349, with approximately 19,000 vehicles daily.
    (432) 682-2510
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    5518 Big Spring St Midland, TX 79705
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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
    5518 Big Spring St Midland, TX 79705
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