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Property profile & analytics
OFF-MARKET
Mixed-use properties

4100 Katie Ln Midland, TX 79706

4.1 ac lot Built 1965
Property ID
Property summary
AI-generated overview

This exceptional Midland, TX property offers a unique blend of residential and commercial space, perfect for a live-work-play lifestyle. Nestled on 4.1 acres in the Ridge Heights neighborhood, this property boasts two buildings: a charming 2,444 sq ft main house and a substantial 12,000+ sq ft two-story metal shop. The main house features an open-concept design with tile floors, an Austin stone fireplace, built-ins, and bay windows. The kitchen is equipped with stainless steel appliances, including double ovens. Attached are private in-law/guest quarters with their own living area, kitchen, bedroom, and bathroom, complete with a jetted tub. Both the main house and guest quarters include 2-car garages, private backyards, and mature landscaping. The expansive shop, currently under renovation, offers a wealth of possibilities. The seller has completed plumbing, electrical, HVAC, and framing, leaving behind construction materials and plans for the buyer. The shop's design includes a potential trophy room, lounge, library, game room, kitchen, bar, and multiple bathrooms, along with office space, a conference room, and ample storage. The property also features a water well, covered RV parking, and convenient access to I-20, Rankin Hwy, and Lamesa Road. This property presents an unparalleled opportunity to combine comfortable living with significant commercial potential, all within minutes of downtown Midland. Asking price: $995,000. Built in 1965.

Property profile
Verified
Property type Mixed-use properties
Year built 1965
Lot 4.1 ac (178,596 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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