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$157.88
Days on Market103
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
(432) 363-4777
Listed By:
Justin Dodd · License #9004023
Source:
Crexi
Added: May 22
Changed: Aug 30
Last Checked: Aug 30 at 7:03PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,125
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.66%
Second Best
Mixed Use
$918.6K
$803.8K – $1.07M
NOI $64,305 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,901 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 $850,000.
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
