Former Restaurant Building with
1113 East Scharbauer Drive Midland, TX 79705
1113 East Scharbauer Drive, Midland, TX, 79705
Contact for pricing
For Sale
Contact for pricing
Single-tenant restaurant shell totaling 2,040± SF on a 0.16± acre lot with strong corridor visibility.
Property Size2,040 SF
Lot Size0.16 Acres
Price / SF$294.12
Days on Market69
Property Features for 1113 East Scharbauer Drive
General Information
- Standard status
- Active
- Size
- 2,040 SF
- Lot size
- 0.16 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1963
Listing agency
ERES Companies
(432) 425-9692
Listed by
Alonso Hernandez · License #TX: 775636
Source
Crexi
Added: May 14 Updated: Jul 20 at 9:05PM Checked: Jul 21 at 1:23PM
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 ERES Companies
Investment Insights
Based on property information with market context.
This 2,040± SF former restaurant building sits on a 0.16± acre parcel and is configured as a single-tenant structure. The property offers an existing restaurant shell that may support adaptive reuse, renovation, or redevelopment depending on the buyer’s plans.
Located within city limits along the E Scharbauer Dr commercial corridor, the site provides strong visibility and is positioned among established residential neighborhoods with nearby commercial activity.
Regional Retail zoning supports restaurant, retail, and commercial uses, making the building well-suited for an owner-user or an investor seeking a build-to-suit and/or redevelopment direction. Seller financing is available with negotiable terms.
Located within city limits along the E Scharbauer Dr commercial corridor, the site provides strong visibility and is positioned among established residential neighborhoods with nearby commercial activity.
Regional Retail zoning supports restaurant, retail, and commercial uses, making the building well-suited for an owner-user or an investor seeking a build-to-suit and/or redevelopment direction. Seller financing is available with negotiable terms.
Key Highlights
- 2,040± SF former restaurant building on a 0.16± acre lot within city limits
- Single‑tenant restaurant shell suitable for adaptive reuse, renovation, or redevelopment
- RR, Regional Retail zoning supports restaurant, retail, and commercial uses
Local Financial Insights For Specialty Retail
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 | $31.8k | $15.60 |
| − Vacancy | −$2.1k | −$1.01 |
| EGI | $29.8k | $14.59 |
| − OpEx | −$7.4k | −$3.65 |
| NOI | $22.3k | $10.94 |
2,040 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$318.8K
$279.0K – $372.0K
NOI $22,317 @ 7.0% cap · market cap 3.72%
Second Best
Retail
$284.6K
$249.0K – $332.0K
NOI $19,921 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$481.2K
$421.1K – $561.4K
NOI $33,684 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Single-tenant restaurant shell totaling 2,040± SF on a 0.16± acre lot with strong corridor visibility.
Where is this conventional restaurant located?
The property is located at 1113 East Scharbauer Drive Midland, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,040± SF former restaurant building on a 0.16± acre lot within city limits; Single‑tenant restaurant shell suitable for adaptive reuse, renovation, or redevelopment; RR, Regional Retail zoning supports restaurant, retail, and commercial uses
