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Property profile & analytics
OFF-MARKET
Retail space

112 Loraine St Midland, TX 79701

27,000 SF 0.24 ac lot Built 1927
Entity Owned 6-yr Hold
Property ID
US82-3994440
Property summary
AI-generated overview

This exceptional six-story, 27,000-square-foot commercial building, located at 112 S Loraine St, Midland, TX 79701, presents a unique opportunity for businesses seeking office or retail space in the heart of the Central Business District. Built in 1927, this Class C building boasts a rich history and is situated on a 10,500-square-foot lot (0.241 acres). The property features two elevators and offers multiple tenancy options, with spaces available from a minimum of 1,000 square feet. Several configurations are possible, including entire floors and even the penthouse. Ideal for coworking spaces or traditional office setups, the building's prime location on S Loraine St, near Wall Street, ensures high visibility and accessibility. Lease terms are flexible, ranging from 6 to 36 months, with the landlord demonstrating a willingness to negotiate rates between $14 and $16 per square foot. The APN is R000035382. This is a rare chance to secure a prominent space in a well-established Midland building with a landlord committed to finding the right fit for its tenants.

Property profile
Verified
Property type Retail space
Year built 1927
Total area 27,000 SF
Lot 0.24 ac (10,498 SF)
UPID US82-3994440
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
  • Bullseye Drilling Services Construction Company General Contractor
  • Frank Surveying Co Inc Land Surveyor Mapping Service
  • Patrick J. Ramsey Physician
  • Ail Bonds Law Firm
  • SR22 Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Ls Brentway LLC · 6 yrs held
Ls Brentway LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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