Storefront Property with Fenced
For Sale
$159,900
Pending
501 W Front, Midland, TX 79701
Commercial Sale, Midland, TX
Property Size1,500 SF
Lot Size0.25 Acres
Days on Market95
Property Features for 501 W Front
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
West End
Standard status
Pending
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
Legal Description
East 175 feet of a tract of land measuring 750 ft by 54.5 ft leased by grantor Union Pacific Railroad
Building Details
Year built
1925
Listing Agency:
Pine & Beckett - Chris Beckett
(432) 686-7000
Listed By:
Ryan Wyatt
(432) 352-4653
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 23 at 12:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot storefront property at 501 W Front in Midland includes the existing building, storefront improvements, business, business name, and merchandise, subject to an executed contract. Built in 1925, the property includes a large fenced lot and a 40-foot shipping container.
The 0.249-acre site is leased from Union Pacific Railroad. The property is located in Midland, Texas, near downtown and offers direct views of the city. Its existing storefront configuration and included business components provide a defined operating setup for a purchaser seeking a retail-oriented commercial asset.
The 0.249-acre site is leased from Union Pacific Railroad. The property is located in Midland, Texas, near downtown and offers direct views of the city. Its existing storefront configuration and included business components provide a defined operating setup for a purchaser seeking a retail-oriented commercial asset.
Key Highlights
- 1,500‑square‑foot storefront building at 501 W Front, Midland, TX 79701
- 0.249‑acre lot leased from Union Pacific Railroad
- Large fenced lot included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,647
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,186
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 52%
Shops & Services 43%
Home Improvements & Furnishings 5%
DoubleTree by Hilton Midland Plaza
Hotels & Casinos
11,380 visits/mo
0.4 miles
Chase Bank
Shops & Services
5,228 visits/mo
0.4 miles
Cash America Pawn
Shops & Services
2,157 visits/mo
0.4 miles
Ace Cash Express
Shops & Services
1,112 visits/mo
0.2 miles
Airgas
Home Improvements & Furnishings
1,008 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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
Frequently Asked Questions
What type of property is this?
Storefront property - Existing business, trade name, and on-site merchandise are available through an executed contract.
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: 1,500‑square‑foot storefront building at 501 W Front, Midland, TX 79701; 0.249‑acre lot leased from Union Pacific Railroad; Large fenced lot included with the property
