Automotive Shop with Car
For Sale
$550,000
2801 W Kentucky Ave, Midland, TX 79703
Includes a large automotive shop with a car lift and two apartments on a corner lot.
Property Size6,000 SF
Price / SF$91.67
Days on Market11
Property Features for 2801 W Kentucky Ave
General Information
Standard status
Active
Size
6,000 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
2
Amenities
A/C - Zone, A/C - Other
Landscaped. Alley, Paved Road.
Building Details
Year Built
1959
Listing Agency:
(910) 467-5020
Listed By:
Keller Williams
(910) 467-5020
Source:
Xome
Added: Jul 20
Changed: Jul 26
Last Checked: Jul 30 at 3:17AM
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 Keller Williams
Investment Insights
Based on property information with market context.
This commercial property features a large automotive shop with a car lift, along with two apartments. The layout supports mixed-use functionality, with the shop portion suited to automotive operations and the residential units providing additional on-site living space.
Located at 2801 W Kentucky Ave in Midland, TX 79703, the property sits on a corner lot. The combination of shop improvements and accompanying apartments may be of interest to buyers looking for a single-site setup with both commercial and residential components.
Located at 2801 W Kentucky Ave in Midland, TX 79703, the property sits on a corner lot. The combination of shop improvements and accompanying apartments may be of interest to buyers looking for a single-site setup with both commercial and residential components.
Key Highlights
- Large automotive shop with a car lift
- Includes two apartments
- Corner lot
Financial Insights For Apartment 5plus
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 | $97.2k | $16.20 |
| − Vacancy | −$6.3k | −$1.05 |
| EGI | $90.9k | $15.15 |
| − OpEx | −$40.9k | −$6.82 |
| NOI | $50.0k | $8.33 |
6,000 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Retail
$837.0K
$732.4K – $976.5K
NOI $58,590 @ 7.0% cap · market cap 10.65%
Second Best
Industrial
$768.9K
$672.8K – $897.0K
NOI $53,820 @ 7.0% cap · market cap 9.79%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,072 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79703, TX
21,205
Population
8,110
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,262
Density / Sq Mi
$80,281
Median Household Income
$44,977
Median Earnings
$1,466
Median Rent
$220,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Danny's Automotive Express — 3217 Commercial Dr, Midland, TX 79701
- Nova Window Tinting & Services LLC — 16 S Industrial Loop, Midland, TX 79701
- A.R.C.O.M (Automotive Repair And Collision Of Midland) — 3915 W Wall St, Midland, TX 79703
- Flores Auto Glass — 1505 S Midkiff Rd, Midland, TX 79701
- Midland Onsite Truck Repair — 16 W Industrial Loop, Midland, TX 79701
Frequently Asked Questions
What type of property is this?
Auto shop - Includes a large automotive shop with a car lift and two apartments on a corner lot.
Where is this auto shop located?
The property is located at 2801 W Kentucky Ave Midland, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Large automotive shop with a car lift; Includes two apartments; Corner lot
