Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1201 Occidental Pkwy Midland, TX 79705
    Back to Search
    Property profile & analytics

    1201 Occidental Pkwy, Midland, TX 79705

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1201 Occidental Pkwy

    Property type
    Land

    Description

    This exceptional 21-acre parcel, ideally situated at the intersection of Highway 349 and Occidental Parkway in Midland, Texas, presents a prime opportunity for multifamily development. Currently zoned and boasting an approved site plan for a 334-unit complex, this property offers immediate access to Midland's vibrant culinary and entertainment scene along Highway 349 and Loop 250. The site's strategic location benefits from the area's rapid growth, with approximately 6,000 new homes under development in the immediate vicinity. Adding to its appeal, the adjacent Lone Star Trails subdivision provides residents with nearly four miles of walking trails and numerous pocket parks. All utilities are readily accessible, ensuring a seamless and efficient development process. This ready-to-build site represents a significant investment opportunity in the thriving north Midland area, offering a compelling combination of location, infrastructure, and approved plans for a substantial multifamily project. The asking price for this exceptional property is $3,200,000. The property's address is 1201 Occidental Pkwy, Midland, TX 79705.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.089
    Latitude
    32.0826

    Comparable in this City

    • Value Estimation by Request
      8.90 Acres

      3813 Jadan Kate Rd

      Farms
      3813 Jadan Kate Rd, Midland, TX 79705
      View Details
    • Value Estimation by Request
      2.05 Acres

      2244 Agua Dulce Dr

      Land
      2244 Agua Dulce Dr, Midland, TX 79705
      View Details
    • Value Estimation by Request
      1.05 Acres

      2565 Agua Dulce Dr

      Land
      2565 Agua Dulce Dr, Odessa, TX 79705
      View Details
    • Value Estimation by Request
      1.03 Acres

      2933 Lampasas Dr

      Land
      2933 Lampasas Dr, Midland, TX 79705
      View Details
    • Value Estimation by Request
      1.03 Acres

      2599 Lampasas Dr

      Land
      2599 Lampasas Dr, Midland, TX 79705
      View Details
    • Value Estimation by Request
      1.03 Acres

      8600 County Road 1150

      Land
      8600 County Road 1150, Midland, TX 79705
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      North Midland Land Opportunity

      Nearly an acre in a developing North Midland community.
      1400 Sioux Ct, Midland, TX 79705
      View Details
    • $400,000
      3.86 Acres

      Cleared Land in Greenwood District

      3.855 acres ready for development in Midland, Texas.
      6406 E County Road 60, Midland, TX 79705
      View Details
    • $225,000
      101,495 SF

      2.33 Acres of Cleared Land

      Unimproved 2.33-acre tract inside Midland city limits.
      2908 East Loop 250 North, Midland, TX 79705
      View Details
    • Contact for pricing

      Well-Maintained RV Park with Amenities

      60-space RV park with playground, laundromat, and internet.
      7022 E County Road 64, Midland, TX 79705
      View Details
    • Contact for pricing

      High-Yield Multifamily Investment Opportunity

      Cash-flowing multifamily property with significant rent growth potential.
      1412 Mockingbird Ln, Midland, TX 79705
      View Details
    • Contact for pricing
      4,650 SF

      Midland TX Investment Opportunity

      25-home portfolio with 100% tenant occupancy in Midland, TX.
      1200 W Scharbauer Dr, Midland, TX 79705
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Restaurant Center Space

      High-end retail and restaurant spaces available for lease.
      4610 N Garfield St, Midland, TX 79705
      View Details
    • Contact for pricing

      Retail Destination in Midland, Texas

      Open-air retail center across from top-performing H-E-B.
      3303 N Midkiff Rd, Midland, TX 79705
      View Details
    • Contact for pricing
      1,250 SF

      New Retail Space Available

      New retail shopping center in a growing residential area.
      6409 N Big Spring St, Midland, TX 79705
      View Details
    • Contact for pricing

      New Construction Office Warehouse Available

      New construction office warehouse with crane and fenced yard.
      3600 North County Road 1148, Midland, TX 79705
      View Details
    • Contact for pricing
      5,000 SF

      5,000 SF Flex Space

      Flex space featuring offices, storage, and fenced yard.
      4200 E County Road 72, Midland, TX 79705
      View Details
    • Contact for pricing
      18,264 SF

      Retail Space in Midland Plaza

      18,264 SF retail space with excellent freeway visibility.
      3001 W Loop 250 N, Midland, TX 79705
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1201 Occidental Pkwy
    Midland, TX 79705
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1201 Occidental Pkwy, Midland, TX, 79705
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!