2407 W Indiana Ave, Midland, TX 79701
A retail property operating as an antique store, set up as three rental units on one parcel.
- Added:
- Mar 26, 2026
- Days on Market:
- 83
- Last Refresh:
- Jun 11 at 3:08 am
Property Features for 2407 W Indiana Ave
General Information
- Standard status
- Active
- Size
- 2,049 SF
Listing agent Cynthia Martinez License #TREC 0703055 (432) 978-2110
Listing office Keller Williams (432) 978-2110
Listing date Mar 26, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams
HighLights
- Owner finance available
- Three rental units on one parcel
- Property has been surveyed and platted
- Currently operating as an antique store
- Zoned RR per COM web; buyer to verify zoning and restrictions
- Convenient access to downtown and the interstate
Overview
The property is located at 2407 W Indiana Ave in Midland, TX. Public remarks note convenient access to downtown and the interstate.
For investors or owner-operators looking for a multi-unit retail setup, the three rental units provide an immediate framework for leasing and potential reconfiguration. The site’s surveyed and platted status may simplify early steps for a renovation scope. Zoning is listed as RR per COM web, and buyers are advised to confirm allowed uses and any restrictions before moving forward. Owner finance is available, subject to buyer verification and transaction terms.
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 | $30.7k | $15.00 |
| − Vacancy | −$2.2k | −$1.05 |
| EGI | $28.6k | $13.95 |
| − OpEx | −$8.6k | −$4.19 |
| NOI | $20.0k | $9.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.1006132
- Latitude
- 31.9902698
