5100 Farm To Market 307 Midland, TX 79706
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.
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.