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Property profile & analytics
OFF-MARKET
Land

5100 Farm To Market 307 Midland, TX 79706

7.11 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 7.11-acre property, situated at the corner of FM 307 and SCR 1140 in Greenwood, Texas, presents a unique opportunity for residential development. Zoned exclusively for residential use, this land offers ample space for a single-family home with room for additional amenities such as a roping area. Alternatively, the acreage is well-suited for a small-scale residential subdivision. The property boasts a convenient location in Midland County, with the address listed as 5100 Farm to Market 307, Midland, TX 79706. Existing infrastructure includes a perimeter pipe fence, providing a degree of security and privacy, and a functioning water well, reducing the initial development costs. The asking price for this desirable parcel is $335,000. This is a rare chance to acquire a substantial piece of land in a tranquil setting, ready for immediate development to meet a variety of residential needs. The property's size and location make it an attractive investment for those seeking a peaceful residential setting with the potential for significant returns.

Property profile
Verified
Property type Land
Lot 7.11 ac (309,712 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
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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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