Commercial Land with Highway
For Sale
$384,900
2407 Camp St, Midland, TX 79701
Commercial Sale, Midland, TX
Property Size2,184 SF
Lot Size0.23 Acres
Price / SF$176.24
Days on Market98
Property Features for 2407 Camp St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Lindsay Acres
Standard status
Active
Size
2,184 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
Acres: 0.230, Blk:004, Lots: 10(W/2) & 11(W/2), ADDN: LOGSDON
Tax Annual Amount
2882
Legal Description
Acres: 0.230, Blk:004, Lots: 10(W/2) & 11(W/2), ADDN: LOGSDON
Building Details
Year built
1950
Listing Agency:
All City Real Estate, LTD. Co.
(866) 277-6005
Listed By:
Arlene Dominguez · License #0576698
(432) 924-6011
Added: Jun 9
Changed: Aug 27
Last Checked: Sep 14 at 5:06PM
MLS# 50095807
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.23-acre commercial land parcel sits at the intersection of Rankin Highway and Interstate 20 in Midland. It is one of seven parcels comprising an approximately 1.86-acre commercial offering, with direct Interstate 20 frontage and access along a busy commercial corridor.
The surrounding commercial environment includes Walmart, Starbucks, Marriott, Hampton Inn, Chick-fil-A, Tractor Supply, and Boot Barn. Development concepts identified for the property include retail, restaurant, hotel, hospitality, multifamily, and mixed-use projects.
The surrounding commercial environment includes Walmart, Starbucks, Marriott, Hampton Inn, Chick-fil-A, Tractor Supply, and Boot Barn. Development concepts identified for the property include retail, restaurant, hotel, hospitality, multifamily, and mixed-use projects.
Key Highlights
- 0.23‑acre commercial land parcel
- Direct Interstate 20 frontage at Rankin Highway
- One of seven parcels totaling approximately 1.86 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,085
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,700
$521.7K
Cap Rate 7%
$372,643
$372.6K
Cap Rate 9%
$289,833
$289.8K
Market Conditions
NOI Build-Up for 2,184 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.9K $21.00/SF
− Vacancy
−$4.1K −$1.89/SF
EGI
$41.7K $19.11/SF
− OpEx
−$15.7K −$7.17/SF
NOI
$26.1K $11.94/SF
Area
Midland, TX
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,700
Cap Rate 7%
$372,643
Cap Rate 9%
$289,833
Alternative Uses
Best Use
Mixed Use
$372.6K
$326.1K – $434.8K
NOI $26,085 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.2K
$450.8K – $601.0K
NOI $36,062 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Highway-fronting parcel positioned at a signalized commercial intersection near established national retailers and hotels.
Where is this commercial land located?
The property is located at 2407 Camp St Midland, TX.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: 0.23‑acre commercial land parcel; Direct Interstate 20 frontage at Rankin Highway; One of seven parcels totaling approximately 1.86 acres
