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    3704 County Road 1223 Midland, TX 79706

    For Sale
    $1,200,000

    High-Yield, Multi-Tenant Property in Midland, TX

    Property size:
    14,361 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 14,361 square foot commercial property, situated on a generous 10.26-acre lot in Midland, Texas, presents a compelling investment opportunity. Ideally located approximately a quarter-mile from the intersection of I-20 and Loop 250, this property enjoys excellent visibility and accessibility. Currently generating a substantial monthly income of $12,250 from five existing income-producing leases, this asset offers significant potential for growth. The property's spacious layout and ample land allow for expansion, with the capacity to accommodate up to seven tenants. This translates to a strong potential for increased revenue and a higher return on investment. The existing leases provide a stable income stream, mitigating risk and offering immediate cash flow. Given its prime location, strong tenant occupancy, and expansion possibilities, this property represents a rare opportunity for investors seeking a high-yield, multi-tenant commercial investment in a thriving Texas market. The property's size and location make it suitable for a variety of commercial uses, providing flexibility for future development and adaptation to changing market demands. This is a turnkey investment ready to generate immediate returns and offer long-term growth potential. Serious inquiries are encouraged.

    Property Features for 3704 County Road 1223

    General Information

    Property type
    Other commercial real estate
    Square Feet
    14,361 SF
    Lot Size
    446,926 SF

    Building Details

    Year Built
    2016
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1229
    Latitude
    31.94718

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield, Multi-Tenant Property in Midland, TX
    Where is this commercial real estate located?
    The property is located at 3704 County Road 1223 Midland, TX.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (432) 701-0550
    Request Owner's contact information
    3704 County Road 1223 Midland, TX 79706
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    Midland, TX 79706
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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
    3704 County Road 1223 Midland, TX 79706
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