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    OFF-MARKET
    Land

    302 Hwy 302 Hwy, Notrees, TX 79759

    100 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 100-acre commercial land parcel is strategically located on Highway 302 W, between Odessa and Kermit, Texas, in Ector County, zip code 79759. Priced at $35,000 per acre, totaling $3,500,000, this property presents a unique investment opportunity. The land is currently undergoing the platting process with the county, with the potential for subdivision into individual 1-acre lots. Its prime location makes it ideal for a variety of commercial ventures. Permitted uses include mobile homes, residential construction, home businesses, and shops. The property also allows for horses, catering to a diverse range of potential buyers. Existing infrastructure includes electricity readily available along the road frontage. This expansive tract offers significant potential for development, capitalizing on its proximity to major Texas cities and the thriving oil field services industry. The property's versatility and strategic location make it an attractive investment for both large-scale and smaller-scale projects. Contact us today to learn more about this remarkable opportunity.

    Property profile
    Verified
    Property type Land
    Lot 100 ac (4,356,000 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
    by Request
    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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