0 Tbd Fm 307 Midland, TX 79706
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.
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.