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    Neq Fm 1788 & I-20 Odessa, TX 79765

    For Sale
    Contact for pricing

    21.15 Acres, High Traffic Area, ETJ Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 21.15-acre commercial land parcel presents a unique investment opportunity in the thriving Midland, Texas market. Strategically located at the intersection of NEQ FM 1788 and I-20, this property benefits from exceptional visibility and accessibility. The ETJ zoning allows for a wide range of commercial development possibilities, catering to businesses seeking high-traffic exposure. The site boasts significant daily traffic counts, with FM 1788 recording 18,590 vehicles per day in 2019 and I-20 registering 42,888 vehicles per day in the same year. Utilities are readily available to the site, simplifying the development process and reducing upfront costs. Situated in Midland County, Texas, with a zip code of 79765, this property offers unparalleled potential for investors seeking a prime location for commercial development in a rapidly growing region. The coordinates are 31.9136491 latitude and -102.2161786 longitude. This expansive acreage provides ample space for a variety of commercial ventures, making it an ideal investment for both short-term and long-term growth. The property is ready for immediate development, offering a significant advantage in today's competitive market. Don't miss this chance to acquire a highly desirable commercial land parcel in a prime Texas location.

    Property Features for 0 Neq Fm 1788 & I-20

    General Information

    Property type
    Land
    Lot Size
    921,294 SF

    HighLights

    • 21.15‑acre site.
    • Utilities available on‑site.
    • ETJ zoning.
    • High traffic counts: 18,590 VPD on FM 1788 and 42,888 VPD on I‑20 (2019 data).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Midland
    State
    Texas
    Longitude
    -102.2161786
    Latitude
    31.9136491

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    FAQs

    What type of property is this?
    Land - 21.15 Acres, High Traffic Area, ETJ Zoning
    Where is this land located?
    The property is located at Neq Fm 1788 & I-20 Odessa, TX.
    What are key features of this property?
    This property features: 21.15-acre site.; Utilities available on-site.; ETJ zoning.
    (214) 526-3626
    Request Owner's contact information
    Neq Fm 1788 & I-20 Odessa, TX 79765
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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

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    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
    Neq Fm 1788 & I-20 Odessa, TX 79765
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