Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Newer Commercial Building on Highway Title is generated by Realmo AI

    650 N US Hwy 385, Seminole, TX 79360

    View on Map
    Claim this Listing
    For Sale
    $940,000

    COMMERCIAL - Seminole, TX

    Property size:
    6,450 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $145/SF
    Added:
    Apr 8, 2026
    Days on Market:
    37
    Last Refresh:
    May 14 at 7:06 pm

    Property Features for 650 N US Hwy 385

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Fencing
    Gate, Chain Link
    Standard status
    Active
    Size
    6,450 SF
    Lot size
    2.50 Acres

    Taxes and HOA fees

    Tax Description
    BLK G W/PT N/2 LESS 2AC SEC 168 WTRR CO ROCK HOUSE PLAZA LOT 1
    Tax Annual Amount
    3776

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Private Sewer
    Water source
    Well

    We can help!

    Listing Contact
    Vicky Wiebe

    Listing agent Vicky Wiebe

    Listing office Keller Williams 4920 N Midkiff Rd, Midland, TX

    Listing date Apr 8, 2026

    MLS# 50094152 Listing URL

    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.

    HighLights

    • High‑visibility location with prime Hwy 385 N frontage
    • Large 3,450sqft shop with overhead door, designed for future expansion
    • Newer 6,450sqft commercial building
    • 2.5 caliche‑packed fenced acres with automatic gate
    • 1,500sqft main‑level space with 4 offices, 2 bathrooms, and kitchenette
    • Second level ready to be customized with plumbing for additional bath and setup for second AC unit

    Overview

    This newer 6,450 sqft commercial building includes a 1,500 sqft main-level space featuring four offices, two bathrooms, and a kitchenette. The second level is ready to be customized and includes plumbing for an additional bathroom and is set up for a second AC unit. Additionally, the property includes a 3,450 sqft shop with a bathroom and overhead door, thoughtfully designed to allow for future expansion. The property is situated on 2.5 caliche-packed fenced acres with an automatic gate. It has frontage on Hwy 385 N, providing high visibility and traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Building Supply Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seminole
    County
    Gaines
    State
    Texas
    Longitude
    -102.64421
    Latitude
    32.625232

    Nearby Similar for Sale

    • $940,000
      6,450 SF

      Seminole Commercial Building on Highway

      Newer commercial building with customizable space on 2.5 acres.
      650 N Hwy 385, Seminole, TX 79360
      View Details
    • $499,000
      4,661 SF

      Seminole Commercial Property For Sale

      Commercial property in central Seminole, TX, ready for occupancy.
      300 W Ave A, Seminole, TX 79360
      View Details
    • $499,000

      Prime Corner Lot in Seminole

      Ready for occupancy, central location, ample parking, easy access.
      300 W Ave A, Seminole, TX 79360
      View Details
    • $800,000
      10,992 SF

      Unique Seminole Multifamily Investment Property

      Multifamily property with event spaces and apartments in Seminole, TX.
      278 County Rd 306, Seminole, TX 79360
      View Details
    • $549,000
      1,647 SF

      Retail Building with Living Space

      2500 SF retail building with living space for sale.
      108 S Main St, Seminole, TX 79360
      View Details
    • $925,000
      3,000 SF

      Highway Frontage Commercial Property

      2.28 acres with office, warehouse, apartment, and parking.
      602 US Hwy 385, Seminole, TX 79360
      View Details
    • $210,000

      Seminole Shop with Living Quarters

      Shop with office/living space, paint booth, and storage loft.
      612 SE Ave F, Seminole, TX 79360
      View Details
    • $650,000

      Commercial Shop on Main Street

      Commercial shop with office space in prime location off Hwy.
      268 Hwy 385S, Seminole, TX 79360
      View Details
    • $799,000

      Seminole Commercial Building For Sale

      Versatile property with office and warehouse space on Hobbs Hwy.
      538 Hwy 62-180 W, Seminole, TX 79360
      View Details
    • $2,400,000
      8,700 SF

      Mixed-Use Property in Seminole, TX

      Commercial building with offices and ten rentable homes on 5.72 acres.
      1093 US 62-180, Seminole, TX 79360
      View Details
    • $310,320

      Seminole TX Land For Sale

      38.79 acre ranch with unique desert land features.
      TRACT 6 County Rd 308, Seminole, TX 79360
      View Details
    • $329,520

      Seminole, TX Land For Sale

      41.19 acre ranch property in Seminole, Texas.
      TRACT 12 County Rd 308, Seminole, TX 79360
      View Details

    FAQs

    What type of property is this?
    Flex space - 6,450 sqft commercial building on 2.5 acres.
    Where is this flex space located?
    The property is located at 650 N US Hwy 385 Seminole, TX.
    What is the asking price?
    The asking price for this property is $940,000.
    What are key features of this property?
    This property features: High‑visibility location with prime Hwy 385 N frontage; Large 3,450sqft shop with overhead door, designed for future expansion; Newer 6,450sqft commercial building
    (432) 788-8835
    We can help!
    Listing Contact
    Vicky Wiebe
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    650 N US Hwy 385, Seminole, TX 79360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!