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Property profile

112 S Loraine St Midland, TX 79701

FOR SALE
Retail properties & Spaces
Property ID
US82-3994440
27,000 SF 0.24 ac lot Built 1927
Entity Owned 6-yr Hold
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For Sale
Contact for pricing 27,000 SF
112 S Loraine St, Midland, TX 79701
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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 properties & Spaces
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

Current use

Occupant on record · Public records
  • Construction Company General Contractor
  • Land Surveyor Mapping Service
  • Physician
  • Law Firm
  • Insurance Agency

Location

112 S Loraine St Midland, TX 79701
Midland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2019
1 recorded transaction
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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