Live-Work Property With
For Sale
$597,000
2200 County Rd 1130, Midland, TX 79706
Flexible live-work configuration combines residential space with multiple shops, storage areas, and overhead-door access.
Property Size2,890 SF
Price / SF$206.57
Days on Market11
Property Features for 2200 County Rd 1130
General Information
Standard status
Active
Size
2,890 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$3,900
Amenities
Electric
3
Covered.
County Road, Paved Road.
Building Details
Year Built
1955
Stories
1
Listing Agency:
(575) 390-5504
Listed By:
The Real Estate Company
(575) 390-5504
Source:
Xome
Added: Aug 1
Changed: Aug 11
Last Checked: Aug 11 at 5:42AM
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 The Real Estate Company
Investment Insights
Based on property information with market context.
Built in 1955, this live-work property combines a residence with business-oriented improvements. The main structure provides 2,890 square feet, five separate bedrooms, and four bathrooms, while multiple garages, shops, and storage areas expand the functional footprint. The shops include overhead doors and three-phase electric service. The larger shop also has an unfinished upstairs living area that adds additional usable space for future completion.
The property fronts a paved county road and is positioned just south of 307, with I-20 only minutes away. Its layout supports an owner-occupant seeking to operate a business alongside on-site living or adapt the space for office use, as supported by the existing rooms and shop improvements.
The property fronts a paved county road and is positioned just south of 307, with I-20 only minutes away. Its layout supports an owner-occupant seeking to operate a business alongside on-site living or adapt the space for office use, as supported by the existing rooms and shop improvements.
Key Highlights
- 2,890‑square‑foot live‑work property built in 1955
- Five separate bedrooms and four bathrooms
- Multiple garages, shops, and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,957
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$699,140
$699.1K
Cap Rate 7%
$499,386
$499.4K
Cap Rate 9%
$388,411
$388.4K
Market Conditions
NOI Build-Up for 2,890 SF
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.
Gross rent
$55.5K $19.20/SF
− Vacancy
−$8.9K −$3.07/SF
EGI
$46.6K $16.13/SF
− OpEx
−$11.7K −$4.03/SF
NOI
$35.0K $12.10/SF
Area
Midland, TX
Vacancy
16.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$699,140
Cap Rate 7%
$499,386
Cap Rate 9%
$388,411
Alternative Uses
Best Use
Office B
$499.4K
$437.0K – $582.6K
NOI $34,957 @ 7.0% cap · market cap 5.86%
Second Best
Mixed Use
$493.1K
$431.5K – $575.3K
NOI $34,517 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$681.7K
$596.5K – $795.3K
NOI $47,720 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Flexible live-work configuration combines residential space with multiple shops, storage areas, and overhead-door access.
Where is this live-work space located?
The property is located at 2200 County Rd 1130 Midland, TX.
What is the asking price?
The asking price for this property is $597,000.
What are key features of this property?
This property features: 2,890‑square‑foot live‑work property built in 1955; Five separate bedrooms and four bathrooms; Multiple garages, shops, and storage areas
