Automotive Shop with Car
2801 W Kentucky Ave Midland, TX 79703
New
For Sale
$550,000
COMMERCIAL - Midland, TX
Property Size6,000 SF
Lot Size0.32 Acres
Price / SF$91.67
Days on Market3
Property Features for 2801 W Kentucky Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Description
- Acres: 0.321, BLK: 031, LOTS: 001 THRU 2, ADDN: College Heights
- Tax Annual Amount
- 5250
Building Details
- Year built
- 1959
Listing Agency:
Keller Williams
(432) 520-5151
Listed By:
Megan Everett · License #735540
(910) 467-5020
Added: Jul 23
Last Checked: Jul 25 at 1:06AM
MLS# 50096980
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.
Investment Insights
Based on property information with market context.
This for-sale commercial property includes a large automotive shop with a car lift, along with two on-site apartments. The combined commercial and residential setup provides a mixed-use configuration on one property.
Situated on a corner lot at 2801 W Kentucky Ave in Midland, Texas, the property offers approximately 6,000 square feet of total space on a 0.321-acre site. The address provides straightforward access for tenants and customers, with the corner-lot layout supporting visibility from intersecting streets. Contact your agent to schedule a showing and review the property’s configuration in person.
Situated on a corner lot at 2801 W Kentucky Ave in Midland, Texas, the property offers approximately 6,000 square feet of total space on a 0.321-acre site. The address provides straightforward access for tenants and customers, with the corner-lot layout supporting visibility from intersecting streets. Contact your agent to schedule a showing and review the property’s configuration in person.
Key Highlights
- Commercial property built in 1959
- Large shop with a car lift
- Includes 2 apartments
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
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
FAQs
What type of property is this?
Auto shop - Large auto shop on a corner lot with a car lift and two on-site apartments.
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: Commercial property built in 1959; Large shop with a car lift; Includes 2 apartments
