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    Property profile & analytics

    201 Beal Pkwy Midland, TX 79703

    • Commercial real estate
    • 107,759 SF
    • 2.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 201 Beal Pkwy

    Lot size
    2.40 lot acres
    Property size
    107,759 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2.4-acre commercial lot in Midland, Texas, presents a rare opportunity for development. Located at 201 Beal Parkway, this property boasts unparalleled visibility and accessibility. Situated on a corner lot, it benefits from frontage on both Beal Parkway and Thomason, ensuring high traffic exposure. The site is conveniently located across from a Stripes convenience store, further enhancing its desirability. Existing infrastructure significantly reduces development costs

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.146
    Latitude
    31.9812

    Comparable in this City

    • Value Estimation
      $2,245,000
      12,000 SF

      4214 Andrews Hwy

      COMMERCIAL (GENERAL) • 12,000 SF
      4214 Andrews Hwy, Midland, TX 79703-4822
      View Details
    • Value Estimation by Request
      22.24 Acres

      122 County Rd

      Land • 22.24 Acres
      122 County Rd, Midland, TX 79703
      View Details
    • Value Estimation by Request
      7.86 Acres

      303 Loop 250

      Land • 7.86 Acres
      303 Loop 250, Midland, TX 79703
      View Details
    • Value Estimation by Request
      32.07 Acres

      I-20 And Warehouse Rd

      Land • 32.07 Acres
      I-20 And Warehouse Rd, Midland, TX 79703
      View Details
    • Value Estimation by Request
      4.73 Acres

      0000 Beal Pkwy

      Land • 4.73 Acres
      0000 Beal Pkwy, Midland, TX 79703
      View Details
    • Value Estimation by Request
      1.15 Acres

      4618 Andrews Hwy

      Land • 1.15 Acres
      4618 Andrews Hwy, Midland, TX 79703
      View Details

    Similar Nearby for Sale

    • $1,451,200
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      Midland Commercial Land - Loop 250

      Prime Midland location, ready-to-build commercial lot.
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    • $450,000
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      Midland, TX Industrial Land

      Prime 15+ acre industrial lots near I-20.
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      Land Near Legacy High School

      Land for sale near future Legacy High School.
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    Similar Nearby for Lease

    • Contact for pricing

      Midland County Industrial Land Available

      Industrial land for lease in Midland County, utilities nearby.
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    • $18 SF/Yr
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      Midland Industrial Park Suites

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      Midland County Industrial Lots Available

      Industrial lots for lease in Midland County, utilities nearby.
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    • $10 SF/Yr
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      Midland Flex Space For Lease

      16,859 SF flex space available for lease in Midland.
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      Industrial Development Site For Lease

      Industrial development site with leasable spaces available November 2024.
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      Midland County Industrial Lots Available

      Industrial lots for lease in Midland County, utilities nearby.
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    Midland, TX 79703
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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