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Property profile

1201 Occidental Pkwy Midland, TX 79705

OFF-MARKET
Land
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1201 Occidental Pkwy Midland, TX 79705
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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