Retail Building with
1107 N Big Spring St, Midland, TX 79706
For Sale
$350,000
Commercial Sale, Midland, TX
Property Size1,992 SF
Lot Size0.16 Acres
Price / SF$175.70
Days on Market49
Property Features for 1107 N Big Spring St
General Information
Property type
Property subtype
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
private rooms/offices
half bathroom
two showers
sink with cabinetry
garage with mini split systems
Building Details
Year built
Listing Agency:
Heritage Real Estate
(432) 701-0550
Listed By:
Felicia Saucedo · License TX #711162
(432) 934-4906
Added: Sep 25
Changed: Oct 7
Last Checked: Nov 12 at 5:06PM
MLS# 50098506
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.
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Investment Insights
Based on property information with market context.
This 1,992-square-foot retail property is currently operating as a barbershop. The building includes four private rooms or offices, a half bath, two showers, and a sink with cabinetry. At the rear, a two-car garage is equipped with mini-split systems and adds enclosed workspace or storage capacity.
The property occupies a 0.157-acre site at 1107 N Big Spring St in Midland, Texas. Built in 1949, it combines the main commercial space with a separate garage area.
The property occupies a 0.157-acre site at 1107 N Big Spring St in Midland, Texas. Built in 1949, it combines the main commercial space with a separate garage area.
Key Highlights
- 1,992 square feet on a 0.157‑acre lot
- Currently operating as a barbershop
- Four private rooms or offices
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 20%
SUBWAY
Dining
5,540 visits/mo
0.3 miles
Church's Chicken
Dining
3,884 visits/mo
0.3 miles
Domino's Pizza
Dining
2,040 visits/mo
0.3 miles
Watermill Express
Shops & Services
1,973 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
955 visits/mo
0.2 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
$280,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Midland, TX
Properties on Market for Retail space in Midland
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Four private rooms, a half bath, two showers, and a sink with cabinetry support a range of service-oriented layouts.
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 feet on a 0.157‑acre lot; Currently operating as a barbershop; Four private rooms or offices
