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    1205 Lamesa Rd Midland, TX 79701
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    1205 Lamesa Rd Midland, TX 79701

    View on Map
    • Retail space
    • 12,458 SF
    • 0.27 lot acres
    Off-Market
    Property ID
    US82-2486566
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Refreskeria Don Clamato - Midland / Restaurant

    Property Details for 1205 Lamesa Rd

    Lot size
    0.27 lot acres
    Property size
    12,458 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.06905793813
    Latitude
    32.01150323548

    Comparable in this City

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      Midland Mixed-Use Redevelopment Opportunity

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      Retail Lot in Midland, TX

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      Midland Investment Opportunity For Sale

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      Midland Commercial Lot For Sale

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      Midland Flex Space For Sale

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    • $1,100,000
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      High-Traffic Commercial Land Opportunity

      2.65 acres with high visibility, ideal for redevelopment.
      3301 W I-20, Midland, TX 79701
      View Details

    Similar Nearby for Sale

    • $3,800,000
      30,396 SF

      Midland Mixed-Use Redevelopment Opportunity

      Former newspaper building with redevelopment potential in the heart of Midland.
      201 E Illinois Ave, Midland, TX 79701
      View Details
    • $150,000
      0.19 Acres

      Retail Lot in Midland, TX

      Retail-zoned corner lot suitable for various business ventures.
      1905 S Lamesa Rd, Midland, TX 79701
      View Details
    • $355,000
      2,049 SF

      Midland Investment Opportunity For Sale

      Three rental units on one parcel with income potential.
      2407 W Indiana Ave, Midland, TX 79701
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    • $150,000
      1,560 SF

      Midland Commercial Lot For Sale

      Commercial lot in Midland, TX, formerly store and shop.
      900 Fort Worth St S, Midland, TX 79701
      View Details
    • $775,000
      6,720 SF

      Midland Flex Space For Sale

      6,720 SF flex space in Midland, Texas.
      2308 W Front St, Midland, TX 79701
      View Details
    • $1,100,000
      2.65 Acres

      High-Traffic Commercial Land Opportunity

      2.65 acres with high visibility, ideal for redevelopment.
      3301 W I-20, Midland, TX 79701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 1,200 SqFt in Midland, TX.
      3205 W Cuthbert Ave, Midland, TX 79701
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    • $1,500 /Mo
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      Retail Space on Wall Street

      1,770 SF retail space on highly traveled Wall Street.
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    • $21 SF/Yr
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      Downtown Midland Office Space Available

      Prime office building in Midland's Downtown Business District.
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      6,000 SF

      Midland Retail Center Redevelopment

      Prime Midland Retail Space Available
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      Freestanding Office Building For Lease

      Freestanding office building with secured yard on West I-20.
      3305 I-20, Midland, TX 79701
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    • $25 SF/Yr
      4,086 SF

      Downtown Midland Office Sublease

      Office space in downtown Midland near amenities and attractions.
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      View Details
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    Midland, TX 79701
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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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    1205 Lamesa Rd, Midland, TX, 79701
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