Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3320 Loop 250 Midland, TX 79707

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3320 Loop 250 Midland, TX 79707

    View on Map
    • Retail properties & Spaces
    • 3,294 SF
    • 0.87 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hawaiian Bros Island Grill / Restaurant
    • Hawaiian Bros. Island Grill / Restaurant

    Property Details for 3320 Loop 250

    Year built
    2023
    Lot size
    0.87 lot acres
    Property size
    3,294 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional investment opportunity presents a 3,294 square foot Hawaiian Bros restaurant in Midland, Texas, built in 2023. The property sits on a 0.87-acre lot and benefits from a 20-year absolute NNN lease with Stine Enterprises, a proven operator of 127 units across three major brands. The lease commenced September 1, 2024, and includes 8% rent bumps every five years, extending through November 1, 2044. The property boasts a strong 5.75% cap rate and a substantial net operating income (NOI) of $280,000. Located on West Loop 250, a major thoroughfare with over 52,700 vehicles per day, this location enjoys high visibility and accessibility. Its proximity to Midland College (over 5,180 students and 800 employees) and Midland Park Mall (a large shopping center with major retailers) further enhances its appeal. Hawaiian Bros is a rapidly expanding brand with high average unit volumes, making this a secure and lucrative investment. The asking price is $4,870,000, representing a price per square foot of $1,478.45. This is a sale-leaseback transaction with a corporate guarantee, offering exceptional stability and long-term growth potential in a thriving Texas oil and gas region with a population exceeding 134,755.

    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
    -102.132
    Latitude
    32.0338

    Comparable in this City

    • Value Estimation by Request
      9,026 SF

      6811 Fm 1788

      Individual retail properties • 9,026 SF
      6811 Fm 1788, Midland, TX 79707
      View Details
    • Value Estimation by Request
      17,588 SF

      11120 Tx-191

      Individual retail properties • 17,588 SF
      11120 Tx-191, Midland, TX 79707
      View Details
    • Value Estimation by Request
      4.07 Acres

      2700 Loop 250

      Individual retail properties • 4.07 Acres
      2700 Loop 250, Midland, TX 79707
      View Details
    • Value Estimation by Request
      2.50 Acres

      10108 Tx-191

      Land • 2.50 Acres
      10108 Tx-191, Midland, TX 79707
      View Details
    • Value Estimation by Request

      4400 Midland Dr

      Medical Office Space
      4400 Midland Dr, Midland, TX 79707
      View Details
    • Value Estimation by Request
      2.09 Acres

      7404 Briarwood Ave-01

      Land • 2.09 Acres
      7404 Briarwood Ave-01, Midland, TX 79707
      View Details

    Similar Nearby for Sale

    • $1,012,509
      1.94 Acres

      Retail Frontage Land in Midland

      1.937 acres of retail frontage in fast-growing Midland area.
      7352 Briarwood Ave, Midland, TX 79707
      View Details
    • $1,450,000
      4,070 SF

      Freestanding Retail Building on Wadley

      4,070 SF retail building on 0.848 acres in Midland.
      4218 W Wadley Ave, Midland, TX 79707
      View Details
    • Contact for pricing

      Retail and Office Development Site

      Retail and office sites available in new development.
      5400 Briarwood Ave, Midland, TX 79707
      View Details
    • $1,093,000
      2.09 Acres

      Retail Frontage Land in Midland

      2.091 acres of retail frontage in fast-growing Midland area.
      7404 Briarwood Ave, Midland, TX 79707
      View Details
    • Contact for pricing

      Highway Frontage Development Opportunity

      10 acres on HWY 191, ideal for development.
      N County Road 1275, Midland, TX 79707
      View Details
    • Contact for pricing
      3,294 SF

      New Retail Building For Sale

      New construction retail building with long-term NNN lease.
      3320 W Loop 250 N, Midland, TX 79707
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space in Midland, TX

      Retail space with high visibility and consistent daytime traffic.
      4700 Briarwood Ave, Midland, TX 79707
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and second-level office space for rent.
      4400 Midland Dr, Midland, TX 79707
      View Details
    • Contact for pricing

      Retail Center at Midland & Neeley

      Remodeled 40,000 SF retail center at Midland and Neeley.
      2215 Midland Dr, Midland, TX 79707
      View Details
    • Contact for pricing

      Industrial Property with Shop Space

      2.66-acre industrial property featuring office and shop space.
      10400 W County Road 72, Midland, TX 79707
      View Details
    • Contact for pricing
      2,400 SF

      Midland Flex Space with Warehouse

      2400 SF flex space with warehouse and office potential.
      10910 State Highway 191, Midland, TX 79707
      View Details
    • Contact for pricing
      2,400 SF

      Midland Flex Space For Rent

      Class A executive suites/warehouse with frontage access and paved parking.
      10910 State Highway 191, Midland, TX 79707
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3320 Loop 250
    Midland, TX 79707
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    3320 Loop 250, Midland, TX, 79707

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!