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4010 County Road 1130 Midland, TX 79705

OFF-MARKET Specialty properties Google Maps
4,082 SF 4 ac lot Built 1970
Estimated value
No estimation on file for this property yet.
Property ID US82-1318331

Property summary

AI-generated overview

This exceptional 4-acre property in Midland, Texas, presents a prime redevelopment opportunity. Located at 4010 N County Rd 1130, this vacant lot boasts 4,082 square feet of existing building space spread across four, single-story structures built in 1970 and 1994. Currently zoned as County - not zoned, the property offers significant flexibility for various commercial or religious uses. The asking price is $169,000, translating to $41.40 per square foot. The property includes two former church buildings, previously utilized as worship centers and office spaces, providing a solid foundation for renovation or new construction. Buyers should note that the property is sold "as-is," with no repairs provided by the seller. Existing structures have less than 20" ceilings. Utilities are not currently connected. The property features one gas pump, but the condition and functionality of the septic system and water well are unknown. Back porches are considered unsafe. Title work has been initiated by Lone Star Abstract, and closing must occur at LSAT. This is an ideal investment for those seeking a blank canvas for their next venture. The property is located outside city limits and offers significant potential for a variety of uses. The property is vacant and ready for immediate development, with an occupancy date of October 29, 2024.

Property profile

Verified
Property type Specialty properties
Year built 1970
Total area 4,082 SF
Lot 4 ac (174,240 SF)
UPID US82-1318331

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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