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Property profile & analytics
OFF-MARKET
Land

0 Tbd Fm 307 Midland, TX 79706

39.99 ac lot
Property ID
Property summary
AI-generated overview

This ±40-acre property in Midland, Texas, presents a unique opportunity for commercial or residential development. Located on FM 307, this expansive parcel offers direct access to a major thoroughfare, providing excellent visibility and convenient access. The land is situated in Midland County, which has no zoning restrictions, offering significant flexibility for development plans. A key advantage is the existing 60-foot-wide private access road, ensuring efficient site access and facilitating construction. The property's strategic location is approximately 3 miles east of Interstate 20 and 4 miles west of Greenwood High School, providing convenient access to major transportation routes and a nearby established community. The asking price for this construction-ready land is $2,000,000. This substantial acreage presents a compelling investment opportunity for developers seeking a prime location in a thriving Texas market. The absence of zoning regulations allows for a wide range of development possibilities, making this property particularly attractive for those seeking maximum flexibility in their project design. The convenient proximity to Interstate 20 and Greenwood High School further enhances the property's appeal, offering easy access to transportation and a strong local demographic. This is a rare opportunity to acquire a large, well-located parcel of land in a rapidly growing area.

Property profile
Verified
Property type Land
Lot 39.99 ac (1,741,964 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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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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