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Property profile

5504 Starboard Dr Midland, TX 79706

OFF-MARKET
Land
2.01 ac lot
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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

Location

5504 Starboard Dr Midland, TX 79706
Midland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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