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    OFF-MARKET
    Retail space

    1205 Lamesa Rd, Midland, TX 79701

    12,458 SF 0.27 ac lot
    Individually Owned 3-yr Hold
    Property ID
    US82-2486566
    Property summary
    AI-generated overview

    This exceptional mixed-use investment opportunity in Midland, Texas, presents two properties totaling 12,458 square feet on a 0.268-acre lot. Located at 1205 & 1211 N. Lamesa Rd, 79701, this property boasts a highly visible location with a daily traffic count ranging from 10,000 to 20,000 vehicles. The asking price is $975,000, translating to approximately $78.26 per square foot. This prime storefront space offers significant potential for a variety of retail or mixed-use ventures. The properties are situated in Midland County, Texas, providing easy access to major roadways and a thriving local market. The substantial square footage and high traffic volume make this an ideal location for businesses seeking maximum exposure and customer reach. This is a rare opportunity to acquire a well-positioned commercial property in a dynamic and growing area. Don't miss this chance to secure a valuable asset in a high-demand location.

    Property profile
    Verified
    Property type Retail space
    Total area 12,458 SF
    Lot 0.27 ac (11,674 SF)
    UPID US82-2486566
    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
    • Refreskeria Don Clamato - Midland Restaurant
    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
    Mouyteang Heang · 3 yrs held
    Mouyteang Heang
    since 2023
    2 recorded transactions
    2023
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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