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Property profile & analytics
OFF-MARKET
Mixed-use properties

7101 County Road 60 Midland, TX 79705

5,000 SF 3.63 ac lot Built 2015
Property ID
Property summary
AI-generated overview

This exceptional 3.63-acre property in Midland, Texas (79705), presents a unique investment opportunity. Located at 7101 E County Rd 60, the property boasts a 5,000 square foot metal shop featuring three bay doors and an office with substantial storage. The entire lot is fully fenced with two automated gates, enhancing security and accessibility. The property includes three buildings, all single-story structures, built in 2015. Two existing mobile homes situated at the rear of the property offer additional income potential, each with its own electric meter and sharing a septic system. While requiring some updates, these units represent a significant revenue stream. The property's zoning allows for diverse uses, including potential development into an RV park or employee housing. The asking price is $640,000, translating to $128 per square foot. This is a gross lease, multi-tenancy property offering 100% ownership. The property's versatile nature and existing income streams make it an attractive investment for a variety of buyers. This is a rare opportunity to acquire a substantial industrial property with significant upside potential in a thriving Texas market.

Property profile
Verified
Property type Mixed-use properties
Year built 2015
Total area 5,000 SF
Lot 3.63 ac (158,123 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
Current use
Occupant on record · Public records
  • Higher Vibe Creations Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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