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    302 Hwy 302 Hwy Notrees, TX 79759

    For Sale
    $35,000

    100 Acres, Prime Ector County Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 100-acre commercial land parcel is strategically located on Highway 302 W, between Odessa and Kermit, Texas, in Ector County, zip code 79759. Priced at $35,000 per acre, totaling $3,500,000, this property presents a unique investment opportunity. The land is currently undergoing the platting process with the county, with the potential for subdivision into individual 1-acre lots. Its prime location makes it ideal for a variety of commercial ventures. Permitted uses include mobile homes, residential construction, home businesses, and shops. The property also allows for horses, catering to a diverse range of potential buyers. Existing infrastructure includes electricity readily available along the road frontage. This expansive tract offers significant potential for development, capitalizing on its proximity to major Texas cities and the thriving oil field services industry. The property's versatility and strategic location make it an attractive investment for both large-scale and smaller-scale projects. Contact us today to learn more about this remarkable opportunity.

    Property Features for 302 Hwy 302 Hwy

    General Information

    Property type
    Land
    Lot Size
    4,356,000 SF

    HighLights

    • 100‑acre commercial land parcel in Ector County, Texas, near Odessa and Kermit.
    • Priced at $35,000 per acre, totaling $3,500,000.
    • Currently undergoing platting for potential subdivision into 1‑acre lots.
    • Highway 302 W frontage with readily available electricity.
    • Permitted uses include mobile homes, residential construction, home businesses, shops, and horses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Notrees
    County
    Ector
    State
    Texas
    Longitude
    -102.6675575
    Latitude
    31.7660338

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    FAQs

    What type of property is this?
    Land - 100 Acres, Prime Ector County Location
    Where is this land located?
    The property is located at 302 Hwy 302 Hwy Notrees, TX.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: 100-acre commercial land parcel in Ector County, Texas, near Odessa and Kermit.; Priced at $35,000 per acre, totaling $3,500,000.; Currently undergoing platting for potential subdivision into 1-acre lots.
    (432) 703-2545
    Request Owner's contact information
    302 Hwy 302 Hwy Notrees, TX 79759
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    Notrees, TX 79759
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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
    302 Hwy 302 Hwy Notrees, TX 79759
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