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Property profile & analytics
OFF-MARKET
Land

1040 Tract 2 Midland, TX 79782

54 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 54 ac (2,352,240 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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