Mixed-Use Property with
For Sale
$1,200,000
5914 Fm 715, Midland, TX 79706
Commercial property combines a substantial shop, dedicated office, covered parking, and two residential dwellings.
Property Size5,580 SF
Lot Size3.00 Acres
Price / SF$215.05
Days on Market55
Property Features for 5914 Fm 715
General Information
Standard status
Active
Size
5,580 SF
Total Parking Spaces
4
Lot size
3.00 Acres
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Office Build-Out
784 SF
Building Details
Year Built
2012
Listing Agency:
The Sales Team Realtors
Listed By:
Jessica Carreon
(432) 312-4567
Source:
Raftercrossrealty
Added: Aug 21
Changed: Oct 9
Last Checked: Oct 7 at 3:27PM
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 The Sales Team Realtors
Investment Insights
Based on property information with market context.
Set on 3 acres, this mixed-use property includes a 5,580-square-foot two-sided shop with four bay doors and a separate 784-square-foot office. Four covered parking spaces support the site, while well water, septic, and electricity are in place. The improvements were built in 2012.
Residential components include a 4-bedroom, 3-bath double-wide home and a 2-bedroom, 2-bath single-wide home. Located at 5914 FM 715 in Midland, the property sits along an industrial road and combines shop, office, parking, and residential improvements in one commercial setting.
Residential components include a 4-bedroom, 3-bath double-wide home and a 2-bedroom, 2-bath single-wide home. Located at 5914 FM 715 in Midland, the property sits along an industrial road and combines shop, office, parking, and residential improvements in one commercial setting.
Key Highlights
- 3‑acre mixed‑use property at 5914 FM 715, Midland, TX 79706
- 5,580 sq. ft. two‑sided shop with four bay doors
- Separate 784 sq. ft. office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,496
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,920
$1.3M
Cap Rate 7%
$964,229
$964.2K
Cap Rate 9%
$749,956
$750.0K
Market Conditions
NOI Build-Up for 5,580 SF
Gross rent
$107.1K $19.20/SF
− Vacancy
−$17.1K −$3.07/SF
EGI
$90.0K $16.13/SF
− OpEx
−$22.5K −$4.03/SF
NOI
$67.5K $12.10/SF
Area
Midland, TX
Vacancy
16.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,349,920
Cap Rate 7%
$964,229
Cap Rate 9%
$749,956
Alternative Uses
Best Use
Office B
$964.2K
$843.7K – $1.12M
NOI $67,496 @ 7.0% cap · market cap 5.62%
Second Best
Mixed Use
$952.1K
$833.1K – $1.11M
NOI $66,646 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,137 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 79706, TX
31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combines a substantial shop, dedicated office, covered parking, and two residential dwellings.
Where is this mixed-use property located?
The property is located at 5914 Fm 715 Midland, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3‑acre mixed‑use property at 5914 FM 715, Midland, TX 79706; 5,580 sq. ft. two‑sided shop with four bay doors; Separate 784 sq. ft. office building
