Midland Commercial Property with High
9300 W County Rd 60 Midland, TX 79706
9300 W County Rd 60, Midland, TX, 79706
$1,100,000
For Sale
$1,100,000
COMMERCIAL - Midland, TX
Property Size6,866 SF
Lot Size5.50 Acres
Price / SF$160.21
Days on Market428
Property Features for 9300 W County Rd 60
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 6,866 SF
- Lot size
- 5.50 Acres
Taxes and HOA fees
- Tax Description
- 5.5 acres out of a 29.3 acre tract out of the NW/4 of Section 28, Block 40, T-1-S, T. & P. RR. Co. Survey, Midland County Texas. Save and ex
Listing agency
The Real Estate Ranch LLC
(432) 688-8200
Listed by
Thomas Johnston ABR /CNHS · License #542176
(512) 970-1610
Added: May 21, 2025 Updated: May 14 at 3:01PM Checked: Jul 22 at 11:06AM
MLS# 50082290
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.
Investment Insights
Based on property information with market context.
This commercial property, situated on 5.5 acres near the city limit line, presents a 10 Cap opportunity. The property includes Presidential ManCamp Housing, all remodeled in 2013. It features multiple rental units: The Washington, a 2656 square foot home with 3 bedrooms and 2 bathrooms, rents for $4500 per month; The Lincoln, a 1350 square foot unit with 4 bedrooms and 2 bathrooms, also rents for $4500 per month; and The Jefferson, a 1 bedroom, 1 bathroom unit, rents for $1400 per month. Additionally, there is a 2500 square foot shop with 3 pull-in bays. The gross annual rents total $163,200, with a net rent to owner of $109,404 per year. The property is conveniently located between two major PetroPlex Hubs, offering easy access to Midland, Odessa, Andrews, and Seminole. The total property size is 6866 square feet.
Key Highlights
- High 10 Cap Rate investment property.
- Substantial annual net income to owner: $109,404.
- Gross annual rents of $163,200.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.0k | $15.00 |
| − Vacancy | −$7.2k | −$1.05 |
| EGI | $95.8k | $13.95 |
| − OpEx | −$28.7k | −$4.19 |
| NOI | $67.0k | $9.76 |
6,866 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$957.8K
$838.1K – $1.12M
NOI $67,046 @ 7.0% cap · market cap 6.10%
Second Best
Industrial
$879.8K
$769.9K – $1.03M
NOI $61,588 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,371 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Midland Corporate Ranch
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Commercial property near city limits with high income potential.
Where is this single family property located?
The property is located at 9300 W County Rd 60 Midland, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High 10 Cap Rate investment property.; Substantial annual net income to owner: $109,404.; Gross annual rents of $163,200.
