1805 S Co Rd 1105, Midland, TX 79706
86% occupied retail center with value-add potential in Midland.
- Added:
- Jul 10, 2025
- Days on Market:
- 341
- Last Refresh:
- Mar 17 at 1:20 pm
Property Features for 1805 S Co Rd 1105
General Information
- Standard status
- Active
- Size
- 42,345 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 2017
Listing agent Philip Levy License #TX 522087
Listing office Marcus & Millichap - Dallas (512) 338-7800
Listing date Jul 10, 2025
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
HighLights
- 10.00% CAP Rate
- 86% Occupancy
- Value‑Add Potential
- Newer Construction (Built in 2017)
- Retail Center with 42,345 SqFt
Overview
Local Financial Insights For Mixed Use
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 | $889.2k | $21.00 |
| − Vacancy | −$80.0k | −$1.89 |
| EGI | $809.2k | $19.11 |
| − OpEx | −$303.5k | −$7.17 |
| NOI | $505.8k | $11.94 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -101.943903
- Latitude
- 32.038837
