Midland, TX Commercial
For Sale
$1,100,000
9300 W County Rd 60, Midland, TX 79706
COMMERCIAL - Midland, TX
Property Size6,866 SF
Lot Size5.50 Acres
Price / SF$160.21
Days on Market63
Property Features for 9300 W County Rd 60
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
MM6
Standard status
Active
APN
00004010.028.1030
Size
6,866 SF
Lot size
5.50 Acres
Taxes and HOA fees
Tax Annual Amount
0
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Thomas Johnston · License #542176
(432) 688-8200
Added: May 30
Last Checked: Jul 31 at 12:06AM
MLS# 160451
Copyright © 2026 Odessa 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 commercial property, situated on 5.5 acres near the city limit line, features a Presidential ManCamp housing facility that was remodeled in 2013. The Washington, a 2656 square foot home with 3 bedrooms and 2 bathrooms, rents for $4500 per month. The Lincoln, a 1350 square foot unit with 4 bedrooms and 2 bathrooms, also rents for $4500 per month. Additionally, there is a 1-bedroom, 1-bathroom unit renting for $1400 per month. A 2500 square foot shop includes 3 pull-in bays. The gross annual rent is $163,200, with a net annual rent to the owner of $109,404. The total property size is 6866 square feet.
Key Highlights
- High 10 Cap Rate investment property
- Substantial annual net rental income of $109,404
- Gross annual rents of $163,200
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.2k | $16.20 |
| − Vacancy | −$7.2k | −$1.05 |
| EGI | $104.0k | $15.15 |
| − OpEx | −$46.8k | −$6.82 |
| NOI | $57.2k | $8.33 |
6,866 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$817.1K
$715.0K – $953.3K
NOI $57,200 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,371 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 79706, TX
31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Commercial property on 5.5 acres near Midland, TX city limits.
Where is this single family property located?
The property is located at 9300 W County Rd 60 Midland, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High 10 Cap Rate investment property; Substantial annual net rental income of $109,404; Gross annual rents of $163,200
