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Property profile & analytics
OFF-MARKET
Land

1601 Cord Dr Midland, TX 79706

40 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 40-acre property in Midland, Texas (APN R000002805), presents a unique investment opportunity. Located at 1601 N County Road 1110, Midland, TX 79706, this expansive land parcel offers both commercial and residential potential. The property includes three water wells, providing ample resources. Its strategic location boasts convenient access to major transportation arteries, situated just 1.25 miles from I-20 and 1.5 miles from Highway 307, while Greenwood School is only 4 miles away. The existing improvements comprise a substantial 3,189 square-foot main residence featuring three bedrooms and four bathrooms. This home boasts unique architectural details including hand-carved chandeliers and doors, murals, paintings, and stained-glass windows. A separate barn, previously used as an art gallery, complements the main house. The property's unrestricted zoning allows for a wide range of uses, from an event center or truck yard to a large family compound or even a church, given the existing baptizing area/bathroom within the main residence. The asking price for this remarkable property is $750,000. This is a rare opportunity to acquire a large, versatile tract of land with existing structures in a desirable location.

Property profile
Verified
Property type Land
Lot 40 ac (1,742,400 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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