1040 Cord Dr Midland, TX 79782
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.