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    Property profile & analytics

    2803 County Road 1069 Midland, TX 79706

    • Commercial real estate
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-1776256
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2803 County Road 1069

    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional property, located at 2803 S County Rd 1069 in Midland, Texas (zip code 79706), presents a unique opportunity. Situated on a generous one-acre lot in Midland County, this residential land offers a substantial 4-bedroom, 2-bathroom home. Recent upgrades include fresh paint and new carpeting throughout, creating a move-in ready environment for a new family. The home is ideally suited for those seeking ample space and a tranquil setting. The asking price for this property is $449,900. The property's convenient location in Midland, TX provides easy access to local amenities and services. This is a fantastic opportunity to own a spacious home on a large lot in a desirable area. The property is classified as residential land. The property is ready for immediate occupancy. This is a great opportunity for buyers looking for a comfortable and spacious home in a peaceful setting. The combination of recent renovations and the generous lot size makes this property a highly attractive option.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -101.87072113598
    Latitude
    32.015548538929

    Comparable in this City

    • Contact for pricing
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      Midland, TX Commercial Land

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      6300 Fm 1213, Midland, TX 79706
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    • $90,000
      1.20 Acres

      1.2 Acres Near Midland, TX

      1.2-acre property with trailer pad and RV spots near Midland.
      22905 S County Rd 1186, Midland, TX 79706
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    • $800,000
      18.00 Acres

      18 Acres with RV Park

      18 acres in Greenwood ISD with income-producing RV park.
      Tbd14800 Fm 307, Midland, TX 79706
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    • New
      $500,000
      5.00 Acres

      Commercial Land with I-20 Frontage

      5-acre commercial land with I-20 frontage, suitable for development.
      10215 Highway 80 E, Midland, TX 79706
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    • $1,188,000
      108.00 Acres

      Unrestricted Land Tract in Midland

      Unrestricted 108-acre tract suitable for development near I-20.
      N County Road 1040, Midland, TX 79706
      View Details
    • $500,000
      5.00 Acres

      Commercial Land with I-20 Frontage

      Commercial land perfect for business development or RV park with utilities.
      10215 Highway 80 E, Midland, TX 79706
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10.00 Acres

      Midland, TX Commercial Land

      Prime Commercial/Residential Land
      6300 Fm 1213, Midland, TX 79706
      View Details
    • $90,000
      1.20 Acres

      1.2 Acres Near Midland, TX

      1.2-acre property with trailer pad and RV spots near Midland.
      22905 S County Rd 1186, Midland, TX 79706
      View Details
    • $800,000
      18.00 Acres

      18 Acres with RV Park

      18 acres in Greenwood ISD with income-producing RV park.
      Tbd14800 Fm 307, Midland, TX 79706
      View Details
    • New
      $500,000
      5.00 Acres

      Commercial Land with I-20 Frontage

      5-acre commercial land with I-20 frontage, suitable for development.
      10215 Highway 80 E, Midland, TX 79706
      View Details
    • $1,188,000
      108.00 Acres

      Unrestricted Land Tract in Midland

      Unrestricted 108-acre tract suitable for development near I-20.
      N County Road 1040, Midland, TX 79706
      View Details
    • $500,000
      5.00 Acres

      Commercial Land with I-20 Frontage

      Commercial land perfect for business development or RV park with utilities.
      10215 Highway 80 E, Midland, TX 79706
      View Details

    Similar Nearby for Lease

    • $216 SF/Yr

      Midland, TX Commercial Land Opportunity

      48 Acres, High-Traffic Location, Build-to-Suit
      0 County Road 95, Midland, TX 79706
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    • $5,500 /Mo

      5.64 Acres of Fenced Land

      5.64 acres of fenced land available for rent.
      1283 E County Road 140, Midland, TX 79706
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    • $7,500 /Mo

      Fenced Land with Trailer Hook-ups

      6.75 acres of fenced land with utilities for rent.
      3411 E County Road 120, Midland, TX 79706
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    • Contact for pricing
      215,186 SF

      Midland, TX Build-to-Suit Lots

      3-5 acre lots, prime Midland location.
      1130 & Fm 307, Midland, TX 79706
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    • Contact for pricing

      Proposed Office/Warehouse on 10 Acres

      Proposed 10,000 SF office/warehouse on 10 acres for rent.
      5408 S County Road 1210, Midland, TX 79706
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    • Contact for pricing

      Land For Lease Near IH-20

      Land with frontage on FM 715, south of IH-20.
      2014 E County Road 130, Midland, TX 79706
      View Details
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    2803 County Road 1069
    Midland, TX 79706
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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