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    405-407 N Terrell St Midland, TX 79701

    For Sale
    $699,000

    Retail - Midland, TX

    Type:Retail
    Property size:
    4,656 SF
    Lot size:
    0.64 Acres
    Days on Market:
    111
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 405-407 N Terrell St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Parking features
    Paved or Surfaced
    Size
    4,656 SF
    Lot size
    0.64 Acres

    Utilities

    Heating system
    Central, Natural Gas, Zoned (Heating)
    Cooling system
    Electric, Zoned

    Building Details

    Year built
    1998
    Floors in Building
    1
    Architectural style
    Other

    Harvest Realty (432) 413-4347

    Listing agent Ernesto Calderon (432) 413-4347

    Listing date Aug 18, 2025

    MLS# 50084643 Listing URL

    Copyright © 2025 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.

    Overview

    Versatile Building Near Downtown Midland

    This 4,656 square foot building in Midland, Texas, presents a versatile opportunity for various uses, including a church, offices, gym, event center, adult assisted living facility, or child day care. The property includes a large parking lot and sits on 0.643 acres. Its location near the downtown area, Highway 80, and with easy access to I-20, enhances its accessibility.
    Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0678742
    Latitude
    31.9940727

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    FAQs

    What type of property is this?
    Church & religious facility - Adaptable building suitable for various uses with ample parking.
    Where is this church & religious facility located?
    The property is located at 405-407 N Terrell St Midland, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Versatile building suitable for church, offices, gym, event center, assisted living, or daycare.; - Large parking lot for ample guest parking.; - Convenient location near downtown, Hwy 80, and I-20.
    (432) 413-4347
    Request Owner's contact information
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    Midland, TX 79701
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    Realmo Value Estimation

    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.

    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.

    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
    405-407 N Terrell St Midland, TX 79701
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