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Property profile & analytics
OFF-MARKET
Land

7382 Briarwood Ave Midland, TX 79707

14 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 14-acre commercial land parcel, located at 7382 Briarwood Avenue in Midland, Texas, presents a compelling investment opportunity for multifamily developers. Priced at $3,000,000, this property is situated within city limits, offering convenient access to infrastructure and utilities. The site benefits from its proximity to significant new growth and development activity in the area, promising strong future appreciation potential. This prime location provides excellent visibility and accessibility, making it ideal for a large-scale multifamily project. Prospective buyers are encouraged to independently verify zoning regulations, water availability, and sewer capacity with the city of Midland to ensure compliance with all development requirements and to fully assess the feasibility of their proposed project. The substantial lot size allows for considerable flexibility in design and development, catering to a wide range of multifamily housing options. This is a rare opportunity to acquire a significant land holding in a rapidly expanding market, poised for substantial long-term returns. The property's strategic location and considerable size make it an attractive investment for those seeking to capitalize on the robust growth trajectory of Midland, Texas. This is a truly exceptional opportunity to secure a prime piece of land in a thriving market.

Property profile
Verified
Property type Land
Lot 14 ac (609,840 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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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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