2216 Agua Dulce Dr, Midland, TX 79705
This exceptional 2.045-acre parcel in Midland, Texas (APN: 00381-00035-00900-000000), presents a unique investment opportunity. Located at 2216 Agua Dulce Dr, Midland, TX 79705, this property is part of a brand-new development ideally suited for a mix of commercial and residential uses. Priced at $132,925, it offers owner financing with a 10% down payment and a 15% interest rate, making it highly accessible. The land is priced at $65,000 per acre. This versatile location is perfect for small industrial yards and homesites, with mobile homes permitted. Water availability is estimated at 20 gallons per minute. The property is subject to a $600 annual HOA fee per lot, which covers the maintenance of a 5-acre reserve area to ensure water access. Specific restrictions apply, including setbacks (10' from boundaries or ROW, 50' for septic systems), prohibitions on commercial water sales/SWDs, animal feedlots, junk lots, abandoned equipment, and hazardous waste. Limited RV parking (max 2 per acre) and temporary units (1 job trailer/mobile office/mobile home per tract) are allowed. No mancamps or RV parks are permitted.
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
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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.