Flexible Retail/Office
For Sale
$293,000
1005 N Midkiff Rd, Midland, TX 79701
Versatile showroom with offices, restrooms, and covered patio in a high-traffic Midland corridor.
Property Size2,000 SF
Price / SF$146.50
Days on Market145
Property Features for 1005 N Midkiff Rd
General Information
Standard status
Active
Size
2,000 SF
Zoning
LR-1
Building Details
Year Built
1975
Listing Agency:
Heritage Real Estate
Listed By:
Holly Bishop · License #557434
(432) 272-8069
Source:
Rickerlooney
Added: Jun 7
Changed: Oct 25
Last Checked: Oct 28 at 2:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Heritage Real Estate
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Investment Insights
Based on property information with market context.
This for-sale storefront offers approximately 2,000 sq ft of flexible indoor space configured with an open showroom/retail area plus two offices and two restrooms. The property includes central heating and air conditioning and features a covered back patio for additional day-to-day usability.
Located on a busy corridor in Midland between W Cuthbert Ave and Hwy 191, the site benefits from strong visibility, with easy access that supports a range of street-facing uses. Zoning is listed as LR-1.
The layout is well suited for an owner-user or business seeking a combination of public-facing sales space and private office areas. The existing mix of open and enclosed rooms also fits retail, office, fitness, or service-based concepts, while the covered patio provides a practical extension of the facility for customer or staff use. As a storefront property with HVAC, restrooms, and defined offices, it presents a straightforward option for businesses looking for an immediately usable commercial interior under LR-1 zoning.
Located on a busy corridor in Midland between W Cuthbert Ave and Hwy 191, the site benefits from strong visibility, with easy access that supports a range of street-facing uses. Zoning is listed as LR-1.
The layout is well suited for an owner-user or business seeking a combination of public-facing sales space and private office areas. The existing mix of open and enclosed rooms also fits retail, office, fitness, or service-based concepts, while the covered patio provides a practical extension of the facility for customer or staff use. As a storefront property with HVAC, restrooms, and defined offices, it presents a straightforward option for businesses looking for an immediately usable commercial interior under LR-1 zoning.
Key Highlights
- Approximately 2,000 SF retail/showroom space with flexible layout
- Open showroom/retail area plus 2 offices
- Includes 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,530
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,600
$390.6K
Cap Rate 7%
$279,000
$279.0K
Cap Rate 9%
$217,000
$217.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$30.0K $15.00/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$27.9K $13.95/SF
− OpEx
−$8.4K −$4.19/SF
NOI
$19.5K $9.76/SF
Area
Midland, TX
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,600
Cap Rate 7%
$279,000
Cap Rate 9%
$217,000
Alternative Uses
Best Use
Retail
$279.0K
$244.1K – $325.5K
NOI $19,530 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.8K
$412.8K – $550.4K
NOI $33,024 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
783
Businesses Nearby
279k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 35%
Home Improvements & Furnishings 12%
Groceries 11%
McDonald's
Dining
31,772 visits/mo
0.1 miles
United Supermarkets
Groceries
30,411 visits/mo
0.4 miles
Rosa's Cafe
Dining
28,707 visits/mo
0.4 miles
Murphy USA
Shops & Services
27,456 visits/mo
0.2 miles
Dollar Tree
Shops & Services
20,987 visits/mo
0.0 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Versatile showroom with offices, restrooms, and covered patio in a high-traffic Midland corridor.
Where is this retail space located?
The property is located at 1005 N Midkiff Rd Midland, TX.
What is the asking price?
The asking price for this property is $293,000.
What are key features of this property?
This property features: Approximately 2,000 SF retail/showroom space with flexible layout; Open showroom/retail area plus 2 offices; Includes 2 restrooms
