Live-Work Property with
For Sale
$597,000
2200 S County Rd 1130, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size2,890 SF
Lot Size1.50 Acres
Price / SF$206.57
Days on Market86
Property Features for 2200 S County Rd 1130
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
38-T2S
Standard status
Active
Size
2,890 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Description
Acres: 1.5, NE/4, SEC: 3, BLK: 38-T2S
Tax Annual Amount
3900
Legal Description
Acres: 1.5, NE/4, SEC: 3, BLK: 38-T2S
Building Details
Year built
1955
Listing Agency:
The Real Estate Company
(432) 618-0286
Listed By:
Kaily Richardson · License #0628498
(575) 390-5504
Added: Aug 6
Changed: Oct 17
Last Checked: Oct 30 at 11:06PM
MLS# 50097373
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 live-work property combines a residence with substantial accessory improvements across a 1.5-acre site. The property measures 2,890 square feet and includes five bedrooms and four bathrooms. Separate garages, shops, and storage areas provide more than 6,700 square feet of additional functional space, with overhead doors and three-phase electric service. The larger shop also includes an unfinished upstairs living area.
Located at 2200 S County Rd 1130 in Midland, the property sits south of 307 and is described as minutes from I-20. Built in 1955, the improvements offer an existing residential component alongside shop and storage facilities. The layout can support on-site living with business operations, or adaptation of the residence for office use, as supported by the existing configuration.
Located at 2200 S County Rd 1130 in Midland, the property sits south of 307 and is described as minutes from I-20. Built in 1955, the improvements offer an existing residential component alongside shop and storage facilities. The layout can support on-site living with business operations, or adaptation of the residence for office use, as supported by the existing configuration.
Key Highlights
- 1.5‑acre live‑work property at 2200 S County Rd 1130, Midland, TX 79706
- 2,890 square feet of property size with 5 bedrooms and 4 baths
- More than 6,700 sq ft of garages, shops, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,957
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - Residential and shop improvements support combined living and business use.
Where is this live-work space located?
The property is located at 2200 S 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: 1.5‑acre live‑work property at 2200 S County Rd 1130, Midland, TX 79706; 2,890 square feet of property size with 5 bedrooms and 4 baths; More than 6,700 sq ft of garages, shops, and storage
