Flexible Retail/Office
For Sale
$308,750
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$154.38
Days on Market86
Property Features for 1005 N Midkiff Rd
General Information
Standard status
Active
Size
2,000 SF
Zoning
LR-1
Listing Agency:
Heritage Real Estate
(432) 559-7937
Listed By:
Holly Bishop
(432) 559-7937
Source:
Exprealty
Added: May 7
Changed: Jul 10
Last Checked: Jul 30 at 2:13PM
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
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 For Office B
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 | $38.4k | $19.20 |
| − Vacancy | −$6.1k | −$3.07 |
| EGI | $32.3k | $16.13 |
| − OpEx | −$8.1k | −$4.03 |
| NOI | $24.2k | $12.10 |
2,000 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$345.6K
$302.4K – $403.2K
NOI $24,192 @ 7.0% cap · market cap 7.84%
Second Best
Retail
$279.0K
$244.1K – $325.5K
NOI $19,530 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$471.8K
$412.8K – $550.4K
NOI $33,024 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
664
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 $308,750.
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
