Technical
Financial
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Property profile

1711 Francis Ave Midland, TX 79701

OFF-MARKET
Land
7.63 ac lot
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Property summary

AI-generated overview

This exceptional 7.627-acre property in Midland, Texas, presents a significant development opportunity. Strategically located across two lots at 1711 & 1800 W Francis Ave, this offering comprises 3.11 acres on the west side of Garfield Street and 4.517 acres directly across on the east side. Both parcels extend south, bordering Francis Avenue, providing convenient access from multiple directions. The property is situated within city limits, zoned TP, and is not located in a flood zone. City water and sewer services are readily available. This prime location offers close proximity to major retailers, including Walmart, and is just one mile from I-20, ensuring excellent visibility and accessibility. The combined acreage, coupled with its convenient location and zoning, makes this an ideal site for a variety of commercial or industrial uses. The asking price is $2,500,000, representing a price per acre of $327,783. This presents a compelling investment opportunity for developers seeking a strategically located and well-serviced parcel in a thriving Texas market. The corner lot configuration further enhances its development potential.

Property profile

Verified
Property type Land
Lot 7.63 ac (332,232 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Housing Complex
  • Apartment Complex

Location

1711 Francis Ave Midland, TX 79701
Midland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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