Retail Property in High-Traffic
4708 N Midkiff Rd Midland, TX
4708 N Midkiff Rd, Midland, TX, 00000
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For Sale
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Retail space in a flourishing Midland location with high visibility.
Property Size2,624 SF
Lot Size0.75 Acres
Price / SF$323.93
Days on Market2543
Property Features for 4708 N Midkiff Rd
General Information
- Standard status
- Active
- Size
- 2,624 SF
- Lot size
- 0.75 Acres
- Property subtype
- RETAIL
Listing Agency
Coldwell Banker Commercial Capital Advisors
(806) 470-3944
Listed by
Beau Tucker CCIM
(806) 470-3944
Source
Moodyscre
Added: Aug 1, 2019 Checked: Jul 17 at 4:26 am
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 Coldwell Banker Commercial Capital Advisors
Investment Insights
Based on property information with market context.
Located in north Midland off Loop 250 and N. Midkiff Road, this property is situated in one of Midland’s strongest retail areas. The location benefits from high traffic counts, proximity to strong retailers, the Midland Park Mall, and a mix of single-family and multifamily housing. Traffic counts on Midkiff Road exceed 25,000 vehicles per day (VPD), and Loop 250 exceeds 54,000 VPD. Several golf courses and country clubs are located 1-4 miles away, including the Midland Airpark, Green Tree Country Club and Golf Course, Midland Country Club and Golf Course, Hogan Park Golf Course, and Ranchland Hills Golf Club. The property size is 2624 square feet and is not in the floodplain.
Key Highlights
- Located in a strong retail area off Loop 250 and N. Midkiff Road.
- High traffic counts: Midkiff Road exceeds 25,000 VPD, Loop 250 exceeds 54,000 VPD.
- Proximity to Midland Park Mall and a mix of single‑family and multifamily housing.
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 | $39.4k | $15.00 |
| − Vacancy | −$2.8k | −$1.05 |
| EGI | $36.6k | $13.95 |
| − OpEx | −$11.0k | −$4.19 |
| NOI | $25.6k | $9.76 |
2,624 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$366.0K
$320.3K – $427.1K
NOI $25,623 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$619.0K
$541.6K – $722.1K
NOI $43,327 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space in a flourishing Midland location with high visibility.
Where is this retail space located?
The property is located at 4708 N Midkiff Rd Midland, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Located in a strong retail area off Loop 250 and N. Midkiff Road.; High traffic counts: Midkiff Road exceeds 25,000 VPD, Loop 250 exceeds 54,000 VPD.; Proximity to Midland Park Mall and a mix of single‑family and multifamily housing.
