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$2,005,400

NAL Estimated Property Value

11508 W County Rd 40, Midland, TX, 79707

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,539 Sq Ft
price_per_sqft$212.64 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesElectric Water Heater, Dryer Electric, Electric Range, Dishwasher, Disposal
FlooringCarpet, Tile, Other

Exterior

Exterior FeaturesManual Sprinkler
Lot Size7.51 acres

Building Information

Year Built1994
Garage Spaces63

Land Information

APNR000014548
Lot Number5-14
SubdivisionCotton Acres
Land UseFarm/Ranch House +5.0 Acres
Legal DescriptionACRES: 7.505 BLK: 001 LOTS: 005 THRU 14 & ADDN: COTTON ACRES 20' ALLEY
Census Tract010126
Assessed Land Value$172,620
Assessed Improvement Value$1,832,780
Assessment Year2025

About this property

CENTRALLY LOCATED (BETWEEN MIDLAND & ODESSA) PROPERTY. 4 BED/2 BA/2 CARPORT ON 1.62 ACRES! LARGE LIVING AREA FEATURES BEAMED CEILING & STONE FIREPLACE. KITCHEN BOASTS ABUNDANT CABINETRY, BREAKFAST BAR + AREA! OVERSIZED PRIMARY SUITE. LOTS OF STORAGE! FRONT COURTYARD + SUNROOM! HORSE STALLS, 30X40 SHOP, 40X50 SHOP W/ OVERHEAD DOORS (PULL THRU) RECENT ROOF, WHOLE HOUSE GENRAC GENERATOR, RECENT HVAC W/ NEST SMART SYSTEM. SOLAR PANELS ENSURE LOWER ELECTRICITY (CONVEYS W SELL)

Investor Tools

Property Icon
$2,005,400
Estimated Property Value
$0Estimated Mortgage Balance
$2,005,400Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,032 /month
Positive
Cash Flow Estimate:
$4,011 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,551/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,589
$2,005,400
2025
$172,620
$1,832,780
$2,005,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,589
$2,005,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,005,400
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Midland

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11508 W County Rd 40 | Property Details | No Agent List