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    702 Andrews Hwy Midland, TX 79701

    Sponsored
    For Sale
    $1,690,000

    Executive/Medical Office, 3,099 SF, NNN Lease

    Property size:
    3,099 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 3,099 square foot office building situated on a 1.03-acre lot in Midland, Texas. Located at 702 Andrews Hwy, this Class B property is zoned LR and offers a prime location amidst established businesses including Grand Buffet, Burger King, Whataburger, Chicken Express, Valero, and Pinkies Liquor. The property features ample parking, with a ratio of 8.17 spaces per 1,000 square feet. The main building, constructed in 1972, is currently configured as executive and/or medical office space. A second building on the site is slated for demolition, presenting significant potential for redevelopment or expansion. The asking price is $1,690,000, and the lease type is NNN. The property's single-story design and convenient location make it an attractive option for a variety of uses. The property's APN is R000214-648. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Texas market. The property's size and zoning provide flexibility for future development and adaptation to evolving market demands. This offering presents a strong return on investment potential for discerning buyers.

    Property Features for 702 Andrews Hwy

    General Information

    Property type
    Medical offices
    Square Feet
    3,099 SF
    Class
    B
    Lot Size
    44,867 SF

    Building Details

    Stories
    1

    HighLights

    • $1,690,000 asking price.
    • 3,099 square foot office/retail building.
    • Located at 702 Andrews Hwy, Midland, TX 79701.
    • Class B building, single story.
    • NNN lease type.
    • 1.03‑acre lot with ample parking (8.17 spaces per 1,000 sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Almudena Ramos MD Gastroenterologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1068833
    Latitude
    31.9986632

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    FAQs

    What type of property is this?
    Medical office - Executive/Medical Office, 3,099 SF, NNN Lease
    Where is this medical office located?
    The property is located at 702 Andrews Hwy Midland, TX.
    What is the asking price?
    The asking price for this property is $1,690,000.
    What are key features of this property?
    This property features: $1,690,000 asking price.; 3,099 square foot office/retail building.; Located at 702 Andrews Hwy, Midland, TX 79701.
    Request Owner's contact information
    702 Andrews Hwy Midland, TX 79701
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    Midland, TX 79701
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    Realmo Value Estimation

    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.

    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.

    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
    702 Andrews Hwy Midland, TX 79701
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