1005 N Midkiff Rd, Midland, TX 79701
SINGLE_FAMILY - Midland, TX
- Added:
- May 7, 2026
- Days on Market:
- 46
- Last Refresh:
- Jun 21 at 5:06 am
Property Features for 1005 N Midkiff Rd
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Description
- North 20 feet of South 158.8 feet of E/2, Block 001, Lilly Heights Addition, Midland, Midland County, Texas.
- Tax Annual Amount
- 3032
Building Details
- Year built
- 1975
Listing agent Holly Bishop (432) 559-7937
Listing office Heritage Real Estate 5030 E University Suite B 401, Odessa, TX (432) 701-0550
Listing date May 7, 2026
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.
HighLights
- Prime location on a high‑traffic corridor between W Cuthbert Ave & Hwy 191
- Flexible 2,000 sq ft space suitable for retail, office, fitness, or service‑based businesses
- Excellent visibility and easy access
- Zoned LR‑1
- Open showroom/retail area
- Central heating and air conditioning
Overview
Located on a busy corridor in Midland, Texas between W Cuthbert Ave and Hwy 191, the site is positioned for visibility and convenient access. The property is zoned LR-1, supporting a range of retail, office, fitness, and service-oriented business uses as described in the offering materials.
The interior layout is well-suited for an owner-user or operator needing both customer-facing space and dedicated back-office work areas. The combination of showroom/retail frontage, private offices, two restrooms, central HVAC, and a covered patio provides a practical foundation for businesses that benefit from flexible, client-ready space in an established corridor.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- FloristerÃa — 2712 Kessler Ave, Midland, TX 79701
- 1800 flowers — 907 Andrews Hwy, Midland, TX 79701
- Flowerland — 413 Andrews Hwy, Midland, TX 79701
- A Flower By Design — 3207 W Cuthbert Ave, Midland, TX 79701
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.1186974
- Latitude
- 31.9990375
