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    FOR SALE
    Commercial real estate

    5306 Mockingbird Ln, Midland, TX 79707

    3.3 ac lot
    Property ID
    US82-7296621
    Property summary
    AI-generated overview

    This exceptional 3.3-acre commercial land parcel presents a remarkable development opportunity in the thriving North Midland area. Ideally situated on Mockingbird Lane (530 feet of frontage) and Holiday Hill Road (350 feet of frontage), this property boasts Regional Retail (RR) zoning, allowing for a diverse range of development possibilities. The site offers convenient access to city water and sewer lines, eliminating significant infrastructure hurdles. Mockingbird Lane is currently undergoing a city-led improvement project, expanding to three lanes with a turning lane, creating high visibility and excellent ingress/egress. The surrounding area is experiencing significant growth, featuring established luxury residential communities like The Vineyards, prominent office buildings, and apartment complexes. Proximity to key businesses such as XTO Energy and SM Energy headquarters, along with local schools and fire stations, further enhances the property's appeal. A site plan is available for office and mixed-use development, making this an ideal location for a build-to-suit project or a long-term ground lease. The asking price for this exceptional property is $1,770,000. This is a rare opportunity to capitalize on the explosive growth in North Midland.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3.3 ac (143,748 SF)
    UPID US82-7296621
    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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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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