Retail Storefront with Fenced
501 W Front Midland, TX 79701
New
For Sale
$159,900
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 Market5
Property Features for 501 W Front
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1925
Listing Agency:
Pine & Beckett
(432) 686-7000
Listed By:
Ryan Wyatt
(432) 686-7000
Source:
Xome
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 24 at 5:17AM
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 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 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 | $22.5k | $15.00 |
| − Vacancy | −$1.6k | −$1.05 |
| EGI | $20.9k | $13.95 |
| − OpEx | −$6.3k | −$4.19 |
| NOI | $14.6k | $9.76 |
1,500 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
U-Haul Neighborhood Dealer
Car Rental Facility
Revamp
Home Decor Store
FAQs
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 W 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
