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Property profile & analytics
OFF-MARKET
Land

5905 County Road 123 Midland, TX 79706

7.42 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 7.42-acre industrial property in Midland, Texas, presents a unique opportunity for immediate development. Priced at $1,150,000, the site boasts significant pre-development advantages, including a 2,400 square foot shop building equipped with two 14-foot-high grade-level doors. A substantial caliche yard and perimeter fencing are already in place, minimizing site preparation time and costs. Two existing water wells and on-site electricity further enhance the property's value and readiness for construction. The property's strategic location offers easy access to Loop 250 and Interstate 20, ensuring efficient transportation and logistics. The convenient entry from West County Road 123, combined with the existing infrastructure, makes this site ideal for various commercial applications, including the development of multiple spec buildings or use as a laydown yard. This turnkey property is perfectly positioned to capitalize on Midland's thriving industrial market, offering a streamlined path to construction and immediate return on investment. The address is 5905 W County Rd 123, Midland, TX 79706, within Midland County.

Property profile
Verified
Property type Land
Lot 7.42 ac (323,215 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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