975 State Hwy Midlothian, TX 76065
This exceptional 29.826-acre commercial development opportunity is located at the southwest corner of Highway 287 and Highway 67 in Midlothian, Texas, offering unparalleled visibility and access. The property boasts 1,600 linear feet of frontage along Highway 67's service road, experiencing an average daily traffic count of 30,000 vehicles. Currently zoned PD 04, this site presents a unique redevelopment opportunity, with utilities readily available along the service road. While the property is currently platted into two parcels (one including an existing 18,000 sq ft industrial building not included in this sale and some floodplain), re-platting is recommended for future development. Parcel 2, encompassing 29.826 acres, is entirely free of floodplain and presents a blank canvas for various commercial, flex, or industrial uses, subject to City of Midlothian approval. Future development will benefit from two Texas Department of Transportation (TXDOT)-approved access points and internal road access. The property's strategic location benefits from the high growth experienced in Midlothian, with new residential developments underway nearby. The asking price is $7,500,000, translating to a land value of $5.77 per square foot. The site also includes 250 parking spaces. This is a prime opportunity to capitalize on Midlothian's thriving market and secure a prominent position in this rapidly expanding 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
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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.