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Property profile & analytics
OFF-MARKET
Land

1040 Cord Dr Midland, TX 79782

54 ac lot
Property ID
Property summary
AI-generated overview

This 54-acre unrestricted land parcel, located at 0000 County Road 1040, Midland, TX 79782, presents a unique investment opportunity. Situated in Midland County, Texas, this property offers diverse development potential. The land is zoned for commercial, farm, and industrial uses, allowing for a wide range of possibilities. Utilities include 3-phase electric along the east fenceline with an underground drop to the center, and single-phase electric on the west side. The property features an unpaved road right-of-way on CR 3201, accessible from the north. Its location near I-20 and CR 1900 provides convenient access. Potential uses include, but are not limited to, an RV park, dirt bike track, or sales of dirt/caliche and water. The property is in the Greenwood School District. Wildlife observations include deer, bobcats, coyotes, and quail. While currently a single 54-acre tract, the property can be subdivided. The asking price is $594,000. This versatile land offers significant upside for the right developer.

Property profile
Verified
Property type Land
Lot 54 ac (2,352,240 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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