0 Farm To Market 1788 Midland, TX 79706
This exceptional 80.42-acre commercial land parcel presents a remarkable investment opportunity in Midland, Texas. Strategically located off Farm to Market 1788, near the Midland International Air & Spaceport, this property boasts significant frontage on three sides: CR 40 (Yukon Road or Airport Entrance), Pilot Road, and FM 1788. The site comprises several contiguous tracts (40.6 acres, 25.7 acres, 0.57 acre, 3 acres, 5.45 acres, and 5.1 acres), offering flexibility for subdivision and development. Existing infrastructure includes on-site water and sewer lines, and a cul-de-sac. The property's location provides excellent visibility and accessibility, making it ideal for a variety of commercial uses. While unrestricted, the land falls within Midland city limits, requiring platting and zoning considerations, along with FAA approval due to its proximity to the Air Operating Zone. A 1.25-acre oil pad is present, but appears free of pipelines. This prime West Texas location bridges Midland and Odessa, offering unparalleled development potential with high visibility and strong investment prospects. The total square footage is 3,503,095.20 square feet. The asking price is $14,012,380. This is a chance to create a landmark development in a rapidly growing area. Further due diligence is recommended.
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
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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.