Renovated Versatile Commercial
3400 N Big Spring St Midland, TX
For Sale
Contact for pricing
3,200 SF renovated building on 0.63-acre lot for sale.
Property Size3,200 SF
Lot Size0.36 Acres
Price / SF$375
Days on Market439
Property Features for 3400 N Big Spring St
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.36 Acres
- Property subtype
- RETAIL
Listing Agency:
Moriah Brokerage Services
(432) 553-9253
Listed By:
John Elphick · License #0377074
(432) 553-9253
Source:
Moodyscre
Added: May 12, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:15AM
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 Moriah Brokerage Services
Investment Insights
Based on property information with market context.
This standalone building offers 3,200 square feet of space under roof and is situated on a 0.63-acre lot. The building has undergone a significant renovation, adding 1,000 square feet to the original layout. Previously operated as an animal hospital, the space is versatile and can be repurposed for office use, an event center, or other commercial purposes. The property features a paved parking lot with ample parking space for both employees and clients. Located in Midland, TX, at 3400 N Big Spring St, the property is suitable for storefront, individual retail, retail, and office use.
Key Highlights
- Standalone building on a .63‑acre lot.
- Recently renovated with a 1,000 SF addition.
- Versatile space suitable for office, event center, or other commercial purposes.
Financial Insights For Office B
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 | $61.4k | $19.20 |
| − Vacancy | −$9.8k | −$3.07 |
| EGI | $51.6k | $16.13 |
| − OpEx | −$12.9k | −$4.03 |
| NOI | $38.7k | $12.10 |
3,200 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$553.0K
$483.8K – $645.1K
NOI $38,707 @ 7.0% cap · market cap 3.23%
Second Best
Retail
$446.4K
$390.6K – $520.8K
NOI $31,248 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$754.8K
$660.5K – $880.6K
NOI $52,838 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brown Morgan DVM
Veterinary Clinic
Similar Off Market Nearby
- Midland Floral & Gifts — 4400 N Big Spring St Ste C36, Midland, TX 79705
FAQs
What type of property is this?
Storefront property - 3,200 SF renovated building on 0.63-acre lot for sale.
Where is this storefront property located?
The property is located at 3400 N Big Spring St Midland, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Standalone building on a .63‑acre lot.; Recently renovated with a **1,000 SF addition.**; **Versatile space** suitable for office, event center, or other commercial purposes.
