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Property profile & analytics
OFF-MARKET
Land

I-20 Frontage Midland, TX 79701

21.58 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 21.58 ac (940,112 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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