Retail Space with Private
For Sale
$1,400,000
713 W Indiana Ave, Midland, TX 79701
Commercial Sale, Midland, TX
Property Size4,024 SF
Lot Size0.33 Acres
Price / SF$347.91
Days on Market49
Property Features for 713 W Indiana Ave
General Information
Property type
Commercial Sale
Property subtype
Retail
Subdivision
West End
Standard status
Active
Size
4,024 SF
Lot size
0.33 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Description
ACRES: 0.138 & 0.193, SUBD: WEST END, BLK: 050, ADDN: WEST END
Tax Annual Amount
9183
Legal Description
ACRES: 0.138 & 0.193, SUBD: WEST END, BLK: 050, ADDN: WEST END
Amenities
large central common area
kitchen
Building Details
Year built
2019
Buildings
1
Listing Agency:
Beyond Realty LLC
(432) 272-0297
Listed By:
Beatriz Saucedo
(432) 352-3552
Added: Sep 11
Changed: Oct 28
Last Checked: Oct 29 at 4:06PM
MLS# 50098212
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,024-square-foot retail property, built in 2019, is arranged around a central common area with private suites along both sides. A kitchen is also part of the interior, and the property occupies a 0.331-acre lot.
At 713 W Indiana Ave in Midland, the building is near Downtown Midland. The suite-based layout and shared central space provide the principal features for evaluating the property.
At 713 W Indiana Ave in Midland, the building is near Downtown Midland. The suite-based layout and shared central space provide the principal features for evaluating the property.
Key Highlights
- 4,024 square feet of building area
- 0.331‑acre lot
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,294
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,880
$785.9K
Cap Rate 7%
$561,343
$561.3K
Cap Rate 9%
$436,600
$436.6K
Market Conditions
NOI Build-Up for 4,024 SF
Gross rent
$60.4K $15.00/SF
− Vacancy
−$4.2K −$1.05/SF
EGI
$56.1K $13.95/SF
− OpEx
−$16.8K −$4.19/SF
NOI
$39.3K $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%
$785,880
Cap Rate 7%
$561,343
Cap Rate 9%
$436,600
Alternative Uses
Best Use
Retail
$561.3K
$491.2K – $654.9K
NOI $39,294 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.2K
$830.6K – $1.11M
NOI $66,444 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,365
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Hotels & Casinos 47%
DoubleTree by Hilton Midland Plaza
Hotels & Casinos
11,380 visits/mo
0.5 miles
Texaco
Shops & Services
6,258 visits/mo
0.5 miles
Chase Bank
Shops & Services
5,228 visits/mo
0.3 miles
Ace Cash Express
Shops & Services
1,112 visits/mo
0.5 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A central shared area, kitchen, and multi-suite layout support a range of commercial configurations.
Where is this retail space located?
The property is located at 713 W Indiana Ave Midland, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 4,024 square feet of building area; 0.331‑acre lot; Built in 2019
