Retail Storefront with Fenced
501 W Front Midland, TX 79701
New
501 W Front, Midland, TX, 79701
$159,900
For Sale
$159,900
SINGLE_FAMILY - Midland, TX
Property Size1,500 SF
Lot Size0.25 Acres
Price / SF$106.60
Days on Market3
Property Features for 501 W Front
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Description
- East 175 feet of a tract of land measuring 750 ft by 54.5 ft leased by grantor Union Pacific Railroad
- Tax Annual Amount
- 3800
Building Details
- Year built
- 1925
Listing agency
Pine & Beckett - Chris Beckett
(432) 686-7000
Listed by
Ryan Wyatt
(432) 352-4653
Added: Jul 21 Updated: Jul 22 at 12:52AM Checked: Jul 23 at 3:06AM
MLS# 50096929
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 retail storefront includes a building and storefront of approximately 1,500 square feet, along with a large fenced-in lot and a 40-ft shipping container. The public remarks indicate that REVAMP OF MIDLAND has been operating since 2013, and the executed contract would convey the business, business name, and merchandise (with all merchandise still available).
The property is located in Midland, Texas at 501 W Front (79701). The lot is leased from Union Pacific Railroad at a current rate of $3,800 per year. The remarks also describe the site as an excellent high-traffic retail location and note direct views of the city and proximity to downtown.
The property is located in Midland, Texas at 501 W Front (79701). The lot is leased from Union Pacific Railroad at a current rate of $3,800 per year. The remarks also describe the site as an excellent high-traffic retail location and note direct views of the city and proximity to downtown.
Key Highlights
- 1925‑built retail building and storefront with approximately 1,500 SF
- Established business (REVAMP of MIDLAND) operating since 2013 in a high‑traffic retail location
- Lot is leased from Union Pacific Railroad at a current rate of $3,800 per year
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 | $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
Property Profile
Location Intelligence
Current Use by Public Records
U-Haul Neighborhood Dealer
Car Rental Facility
Revamp
Home Decor Store
Similar For Sale Nearby
Similar Off Market Nearby
- Bloom By Ivy Flower Shop — 1103 S Big Spring St, Midland, TX 79701
- Blooming Rose — 1705 W Wall St, Midland, TX 79701
FAQs
What type of property is this?
Storefront property - Storefront with fenced lot and 40-ft shipping container, with business and merchandise available for convey.
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: 1925‑built retail building and storefront with approximately 1,500 SF; Established business (REVAMP of MIDLAND) operating since 2013 in a high‑traffic retail location; Lot is leased from Union Pacific Railroad at a current rate of $3,800 per year
