Retail Property in Midland,
1805 S Co Rd 1105 Midland, TX 79706
1805 S Co Rd 1105, Midland, TX, 79706
$8,440,000
For Sale
$8,440,000
Retail property available for sale in Midland, Texas.
Property Size42,345 SF
Price / SF$199.32
Days on Market110
Property Features for 1805 S Co Rd 1105
General Information
- Standard status
- Active
- Size
- 42,345 SF
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2017
Listing agency
Marcus & Millichap - Austin
(512) 338-7821
Listed by
Coleman Solomon · License #License(s): TX: 742798
(512) 338-7821
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 3:00AM
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 Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
This commercial real estate is a retail property located in Midland, Texas. The property has a size of 42345 square feet. It is suitable for retail and strip mall businesses.
Key Highlights
- 10.00% - likely a high return on investment
- Built in 2017
- See Highlights for more information
Local Financial Insights For 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 | $635.2k | $15.00 |
| − Vacancy | −$44.5k | −$1.05 |
| EGI | $590.7k | $13.95 |
| − OpEx | −$177.2k | −$4.19 |
| NOI | $413.5k | $9.76 |
42,345 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.91M
$5.17M – $6.89M
NOI $413,499 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.99M
$8.74M – $11.65M
NOI $699,201 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Greenwood Fitness Center
Gym & Fitness Center
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Retail property available for sale in Midland, Texas.
Where is this strip mall located?
The property is located at 1805 S Co Rd 1105 Midland, TX.
What is the asking price?
The asking price for this property is $8,440,000.
What are key features of this property?
This property features: 10.00% - likely a high return on investment; Built in 2017; See Highlights for more information
