Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    I-20 Frontage Midland, TX 79701
    Back to Search
    Property profile & analytics

    I-20 Frontage Midland, TX 79701

    View on Map
    • Land
    • 21.58 lot acres
    For Sale
    $4,500,000
    View Listing →
    I-20 Midland Commercial Land For Sale
    $4,500,000

    I-20 Midland Commercial Land

    Prime West Texas commercial land, ideal investment.

    I-20 Frontage, Midland, TX 79701
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for I-20 Frontage

    Lot size
    21.58 lot acres
    Property type
    Land

    Description

    This exceptional 21.582-acre commercial land parcel presents a remarkable investment opportunity in Midland, Texas. Strategically located at the hard corner of I-20 and 1788, this property boasts unparalleled visibility and accessibility. Situated between Midland and Odessa, near the Midland International Air & Spaceport, this site offers significant development potential. Existing infrastructure includes on-site water and sewer lines, simplifying development plans. West Engineering has completed extensive site work, civil engineering, and mapping, which is available to qualified buyers. While a "no retail diesel sales" restriction remains for seven years, the property's prime location makes it an ideal site for a truck stop or gas station following the restriction's expiration. The property shares a detention pond with an adjacent property. Development plans must receive FAA approval due to its location within an Airport Operating Zone (AOZ). Flood maps indicate no flooding concerns for this property. This is a buy-and-hold opportunity with high potential for sub-development, creating a premier West Texas location that bridges Midland and Odessa. The asking price is $4,500,000. Contact us today to learn more about this exceptional investment opportunity.

    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
    -102.061
    Latitude
    31.9751

    Comparable in this City

    • Value Estimation by Request
      0.57 Acres

      2406 Connell St

      Land • 0.57 Acres
      2406 Connell St, Midland, TX 79701
      View Details
    • Value Estimation by Request
      0.23 Acres

      2407 Camp Dr

      Land • 0.23 Acres
      2407 Camp Dr, Midland, TX 79701
      View Details
    • Value Estimation by Request
      1.34 Acres

      2402 Wall St

      Medical Office Space • 1.34 Acres
      2402 Wall St, Midland, TX 79701
      View Details
    • Value Estimation by Request
      2.40 Acres

      1608 A St

      Land • 2.40 Acres
      1608 A St, Midland, TX 79701
      View Details
    • Value Estimation by Request
      3.44 Acres

      1600 Taylor Ave

      Land • 3.44 Acres
      1600 Taylor Ave, Midland, TX 79701
      View Details
    • Value Estimation by Request
      19,000 SF

      15 Meta Dr

      Land • 19,000 SF
      15 Meta Dr, Midland, TX 79701
      View Details

    Similar Nearby for Sale

    • $3,500,000
      5 SF

      5.51 Acres Redevelopment Opportunity

      5.51 acres for redevelopment with three flagged hotels.
      1003 S Midkiff Rd, Midland, TX 79701
      View Details
    • $397,500
      3.00 Acres

      Midland, TX Commercial Land

      Three-acre tract located off Garden City Highway.
      2101 City View Rd, Midland, TX 79701
      View Details
    • $4,500,000
      21.58 Acres

      I-20 Midland Commercial Land

      Prime West Texas commercial land, ideal investment.
      I-20 Frontage, Midland, TX 79701
      View Details
    • Contact for pricing

      Land For Sale

      0.14 acres of land within city limits.
      803 S Lamesa Rd, Midland, TX 79701
      View Details
    • Contact for pricing

      Land For Sale Midland, TX

      Approximately 1.193 acre site for sale in Midland, Texas.
      2313 W Missouri Ave, Midland, TX 79701
      View Details
    • Contact for pricing

      Land For Sale

      0.14 acre land within city limits.
      805 S Lamesa Rd, Midland, TX 79701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Midland Retail Center Redevelopment

      Prime Midland Retail Space Available
      2301 Wall St, Midland, TX 79701
      View Details
    • Contact for pricing

      Downtown Midland Commercial Land For Rent

      0.48 acre lot in Midland's Central Business District.
      601 W Missouri Ave, Midland, TX 79701
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 1,200 SqFt in Midland, TX.
      3205 W Cuthbert Ave, Midland, TX 79701
      View Details
    • Contact for pricing

      Class A Office Tower in Midland

      Prime office space in Midland's Central Business District.
      500 W Illinois Ave, Midland, TX 79701
      View Details
    • Contact for pricing

      Downtown Midland Office Towers

      Two office towers in downtown Midland, full of history.
      201 W Wall St, Midland, TX 79701
      View Details
    • $20 SF/Yr
      7,478 SF

      Downtown Midland Office Space Available

      Two office towers in downtown Midland available for lease.
      201-203 W Wall St, Midland, TX 79701
      View Details
    View Listing
    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.
    I-20 Frontage
    Midland, TX 79701
    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
    I-20 Frontage, Midland, TX, 79701
    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!