5501 Starboard Dr Midland, TX 79706
This exceptional 2.34-acre commercial land parcel presents a remarkable investment opportunity in Midland, Texas. Located at 5501 Starboard Drive, this property is zoned for commercial use and boasts a highly desirable location within the Gateway Plaza, situated in the rapidly growing Tradewinds Boulevard Corridor in southwest Midland. The Gateway Plaza is already home to a thriving mix of businesses, including an 11-screen Cinergy Cinemas, Hawthorn Suites hotel, Four Points by Sheraton hotel, Gateway Plaza Apartments, RIG-ID, Cafe Nitro, and a two-story office building, ensuring high visibility and strong potential for future development. The property's strategic location benefits from exceptional traffic counts, with Interstate 20 seeing 29,100 vehicles daily and Loop 250 registering 47,442 vehicles daily, providing significant exposure to potential customers. Further enhancing its appeal, this property is not located within a floodplain, mitigating potential risk. The asking price for this prime commercial land is $1,950,000. This presents a unique chance to capitalize on the robust growth and development within this dynamic area of Midland, Texas. The property's size and location make it ideal for a variety of commercial ventures. The existing infrastructure and established businesses in the Gateway Plaza provide a strong foundation for success.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.