Retail Space with Rear
For Sale
$350,000
1107 N Big Spring St, Midland, TX 79706
Four private rooms, showers, and a sink with cabinetry support the current barber shop layout.
Property Size1,992 SF
Price / SF$175.70
Days on Market12
Property Features for 1107 N Big Spring St
General Information
Standard status
Active
Size
1,992 SF
Building Details
Year Built
1949
Listing Agency:
Heritage Real Estate
Listed By:
Felicia Saucedo
(432) 614-9255
Source:
Rickerlooney
Added: Oct 4
Changed: Oct 11
Last Checked: Oct 7 at 3:51PM
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 1,992-square-foot retail property is currently configured as a barbershop, with four private rooms or offices, a half bath, two showers, and a sink with cabinetry. A two-car garage at the rear has mini-split systems and adds enclosed space for work or storage.
Key Highlights
- 1,992‑square‑foot retail property currently operating as a barbershop
- Four private rooms or offices
- Half bath, 2 showers, and a sink with cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,452
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,040
$389.0K
Cap Rate 7%
$277,886
$277.9K
Cap Rate 9%
$216,133
$216.1K
Market Conditions
NOI Build-Up for 1,992 SF
Gross rent
$29.9K $15.00/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$27.8K $13.95/SF
− OpEx
−$8.3K −$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%
$389,040
Cap Rate 7%
$277,886
Cap Rate 9%
$216,133
Alternative Uses
Best Use
Retail
$277.9K
$243.2K – $324.2K
NOI $19,452 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.9K
$411.2K – $548.2K
NOI $32,892 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Apparel 31%
Dining 19%
Electronics 6%
Melrose
Apparel
6,659 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
4,209 visits/mo
0.4 miles
Golden Chick
Dining
4,034 visits/mo
0.4 miles
Cash America Pawn
Shops & Services
2,157 visits/mo
0.2 miles
Cricket Wireless Authorized Retailer
Electronics
1,190 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Four private rooms, showers, and a sink with cabinetry support the current barber shop layout.
Where is this retail space located?
The property is located at 1107 N Big Spring St Midland, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,992‑square‑foot retail property currently operating as a barbershop; Four private rooms or offices; Half bath, 2 showers, and a sink with cabinetry
