Retail Storefront with Fenced
For Sale
$159,900
501 Front, Midland, TX 79701
Retail storefront with fenced lot and 40-ft shipping container, approximately 1,500 sq ft.
Property Size1,500 SF
Price / SF$106.60
Days on Market45
Property Features for 501 Front
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Retail
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,800
Amenities
Evaporative
3
Parking.
Assigned Parking Space.
City Road.
Building Details
Year Built
1925
Stories
1
Listing Agency:
Pine & Beckett
(432) 686-7000
Listed By:
Ryan Wyatt · License #0439538
(432) 686-7000
Source:
Xome
Added: Jul 6
Changed: Aug 12
Last Checked: Aug 18 at 4:54AM
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 Pine & Beckett
Investment Insights
Based on property information with market context.
Retail storefront at 501 W Front in Midland, TX with an approximately 1,500 sq ft building and storefront. The property includes a large fenced-in lot and a 40-ft shipping container.
The lot is leased from Union Pacific Railroad at a current rate of $3,800 per year. Public remarks indicate that, with an executed contract, the building, storefront, improvements, business, business name, and merchandise in place are intended to convey.
This is a straightforward retail-focused property configuration with on-site storage and defined outdoor space provided by the fenced yard and shipping container.
The lot is leased from Union Pacific Railroad at a current rate of $3,800 per year. Public remarks indicate that, with an executed contract, the building, storefront, improvements, business, business name, and merchandise in place are intended to convey.
This is a straightforward retail-focused property configuration with on-site storage and defined outdoor space provided by the fenced yard and shipping container.
Key Highlights
- Retail storefront with direct views of the city; located only minutes from downtown Midland, TX
- Approximately 1,500 SF building and storefront
- Large fenced‑in lot plus a 40‑ft shipping container on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,647
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,940
$292.9K
Cap Rate 7%
$209,243
$209.2K
Cap Rate 9%
$162,744
$162.7K
Market Conditions
NOI Build-Up for 1,500 SF
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.
Gross rent
$22.5K $15.00/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$20.9K $13.95/SF
− OpEx
−$6.3K −$4.19/SF
NOI
$14.6K $9.76/SF
Area
Midland, TX
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,940
Cap Rate 7%
$209,243
Cap Rate 9%
$162,744
Alternative Uses
Best Use
Retail
$209.2K
$183.1K – $244.1K
NOI $14,647 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K
NOI $24,768 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
12k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Groceries 41%
Dollar General
Shops & Services
6,983 visits/mo
0.2 miles
Lowe's Market
Groceries
4,837 visits/mo
0.4 miles
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront with fenced lot and 40-ft shipping container, approximately 1,500 sq ft.
Where is this storefront property located?
The property is located at 501 Front Midland, TX.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Retail storefront with direct views of the city; located only minutes from downtown Midland, TX; Approximately 1,500 SF building and storefront; Large fenced‑in lot plus a 40‑ft shipping container on site
