1040 Tract 2 Midland, TX 79782
This exceptional 54-acre tract of land presents a unique investment opportunity in Midland, Texas. Located just south of I-20, near County Road 1900 and County Road 1040, this unrestricted property offers a multitude of development possibilities. Its prime location provides convenient access to major transportation routes. The property boasts existing infrastructure, including three-phase electric service along the eastern boundary with an underground drop to the center, and single-phase service to a neighboring tract on the west. An unpaved road right-of-way on County Road 3201 provides northern access. The land itself is characterized by diverse terrain and wildlife, including observed bobcats, coyotes, and a significant quail population. The property's unrestricted zoning allows for a wide range of uses, including, but not limited to, RV parks, dirt bike facilities, dirt/caliche sales, and water sales. While currently listed as a single 54-acre parcel, the property is potentially divisible, offering flexibility for various development scenarios. The Greenwood School District serves this area. This is an ideal opportunity for investors seeking a versatile and strategically located land parcel with significant development potential. The asking price for this expansive tract is $594,000.
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
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.