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Property profile & analytics
OFF-MARKET
Land

5504 Starboard Dr Midland, TX 79706

2.01 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 2.01 ac (87,556 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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