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    For Sale (19)

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    Midland Commercial Property on Acres
    $1,200,000
    99,143 SF

    Midland Commercial Property on Acres

    20,894 SF Office and Shop on 2.276 Acres

    1506 Garden City Hwy, Midland, TX 79706
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    Midland Flex Space on Acres
    $700,000
    16,416 SF

    Midland Flex Space on Acres

    16,416 SF flex space on 1.98 acres in Midland.

    4606 W Wall St, Midland, TX 79703
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    Freestanding Retail Building on Wadley
    $1,450,000
    4,070 SF

    Freestanding Retail Building on Wadley

    4,070 SF retail building on 0.848 acres in Midland.

    4218 W Wadley Ave, Midland, TX 79707
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    Odessa Commercial Shop For Sale
    $439,999
    5,440 SF

    Odessa Commercial Shop For Sale

    5,440 SF shop on 0.241 acres near US Hwy 385.

    130 E 52Nd St, Odessa, TX 79762
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    Retail Site in Growing Corridor
    $1,270,000
    660 SF

    Retail Site in Growing Corridor

    2-acre site with 660 SF building in Midland, TX.

    6213 Fm 307, Midland, TX 79706
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    Midland Land with Development Potential
    $1,538,400
    25.64 Acres

    Midland Land with Development Potential

    25.64 acres in Midland, TX, suitable for agriculture or residential.

    3001 Todd Dr, Midland, TX 79705
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    Midland Industrial Asset on Acreage
    $2,667,000
    13,640 SF

    Midland Industrial Asset on Acreage

    13,640 SF industrial asset on 3.5 acres near TX-349.

    1113 Dayton Rd, Midland, TX 79706
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    Former Dealership on 5 Acres
    $7,498,730
    39,467 SF

    Former Dealership on 5 Acres

    39,467 SF facility suitable for automotive, fleet, or industrial uses.

    3705 W Wall St, Midland, TX 79701
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    Midland Commercial Property on 2.81 Acres
    $1,499,999
    17,678 SF

    Midland Commercial Property on 2.81 Acres

    17,678 SF commercial property on 2.81 acres in Midland, TX.

    1506 E New Jersey Ave, Midland, TX 79701
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    3.943 Acre Commercial Land Parcel
    $1,380,050
    3.94 Acres

    3.943 Acre Commercial Land Parcel

    Commercial land parcel near Loop 250 & Business 20.

    1900 Beal Pkwy, Midland, TX 79703
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    Midland Industrial Facility on Acreage
    $3,339,375
    17,125 SF

    Midland Industrial Facility on Acreage

    First-class industrial facility on 5.849 acres in Midland, Texas.

    5620 Fm 1788, Midland, TX 79706
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    Midland Office/Warehouse with Crane Ready Shop
    $1,662,500
    8,750 SF

    Midland Office/Warehouse with Crane Ready Shop

    New 8,750 SF office/warehouse on 2.75 acres for sale.

    5620 Fm 1788, Midland, TX 79706
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    New Midland Commercial Building on Acreage
    $2,161,250
    11,375 SF

    New Midland Commercial Building on Acreage

    Newly constructed 11,375 SF commercial building on 6.182 acres.

    5620 Fm 1788, Midland, TX 79706
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    Midland Commercial Building on Acreage
    $2,203,750
    10,750 SF

    Midland Commercial Building on Acreage

    New construction flex space with office, warehouse, and wash-bay.

    5620 Fm 1788, Midland, TX 79706
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    Prime Midland Development Opportunity
    $6,368,036
    8.86 Acres

    Prime Midland Development Opportunity

    8.86-acre parcel ideal for retail or mixed-use development.

    Tradewinds Blvd, Midland, TX 79706
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    Midland Industrial Warehouse with Crane
    $1,699,999
    8,750 SF

    Midland Industrial Warehouse with Crane

    8,750 SF warehouse on 2.52 acres with fenced yard.

    2416 E County Road 130, Midland, TX 79706
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    Midland Commercial Property on 3.83 Acres
    $3,950,000
    20,894 SF

    Midland Commercial Property on 3.83 Acres

    20,894 SF office, shop, and tote facility on 3.83 acres.

    1501 N Fairgrounds Rd, Midland, TX 79706
    View details
    Midland Industrial Building on Acreage
    $1,443,750
    8,750 SF

    Midland Industrial Building on Acreage

    8,750 SF industrial building on 2.43 acres in Midland, TX.

    2810 E County Road 130, Midland, TX 79706
    View details
    Industrial Property with Fabrication Facility
    $900,000

    Industrial Property with Fabrication Facility

    15,500 SF industrial property featuring fabrication facility and residential unit.

    4111 S County Road 1276, Midland, TX 79706
    View details

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    Justin Dodd
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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
    Justin Dodd
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