Mixed-Use Property with Private
For Sale
Contact for pricing
9504 W County Road 60, Midland, TX 79707
Office, shop, and separate residential quarters support combined business and living uses.
Property Size5,384 SF
Price / SF$148.59
Days on Market148
Property Features for 9504 W County Road 60
General Information
Standard status
Active
Size
5,384 SF
Property subtype
Office, Industrial, Mixed Use
Zoning
County
Warehouse & Industrial
Office Build-Out
1,000 SF
Drive-In Doors
2
Additional Details
Fenced Yard
Yes
Amenities
utility room
RV parking
carport
storage shed
pool
automatic gate
Building Details
Year Built
2017
Listing Agency:
NRG Realty Group
Listed By:
Justin Dodd · License #9004023
(432) 363-4777
Source:
Crexi
Added: May 22
Changed: Oct 13
Last Checked: Oct 14 at 8:47PM
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 NRG Realty Group
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Investment Insights
Based on property information with market context.
This 2017 mixed-use property combines dedicated business facilities with a separate residence. The 1,000-square-foot office includes a reception area, break room, and multiple private offices, while the 1,200-square-foot shop provides two 14-by-16-foot roll-up doors for equipment and truck access. A utility room, storage shed, carport, RV parking, and an automatically controlled entry gate add functional support around the improvements.
The 2,384-square-foot residence contains four bedrooms and 3.5 bathrooms, with a pool included as part of the residential improvements. The property is located at 9504 W County Road 60 in Midland, Texas, and carries County zoning. The combination of office, industrial workspace, and separate living quarters creates a single property configuration for users seeking business and residential components together.
The 2,384-square-foot residence contains four bedrooms and 3.5 bathrooms, with a pool included as part of the residential improvements. The property is located at 9504 W County Road 60 in Midland, Texas, and carries County zoning. The combination of office, industrial workspace, and separate living quarters creates a single property configuration for users seeking business and residential components together.
Key Highlights
- Mixed‑use property with separate office, shop, and residential improvements
- 1,000 SF office with reception area, break room, and multiple private offices
- 1,200 SF shop with (2) 14'x16' rollup doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,125
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,302,500
$1.3M
Cap Rate 7%
$930,357
$930.4K
Cap Rate 9%
$723,611
$723.6K
Market Conditions
NOI Build-Up for 5,384 SF
Gross rent
$103.4K $19.20/SF
− Vacancy
−$16.5K −$3.07/SF
EGI
$86.8K $16.13/SF
− OpEx
−$21.7K −$4.03/SF
NOI
$65.1K $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%
$1,302,500
Cap Rate 7%
$930,357
Cap Rate 9%
$723,611
Alternative Uses
Best Use
Office B
$930.4K
$814.1K – $1.09M
NOI $65,125 @ 7.0% cap · market cap 8.14%
Second Best
Mixed Use
$918.6K
$803.8K – $1.07M
NOI $64,305 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,901 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
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Business Placement
Demographics for 79707, TX
37,632
Population
16,654
Households
2.3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
530
Density / Sq Mi
$99,979
Median Household Income
$58,351
Median Earnings
$1,383
Median Rent
$382,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office, shop, and separate residential quarters support combined business and living uses.
Where is this mixed-use property located?
The property is located at 9504 W County Road 60 Midland, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Mixed‑use property with separate office, shop, and residential improvements; 1,000 SF office with reception area, break room, and multiple private offices; 1,200 SF shop with (2) 14'x16' rollup doors
