Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3301 Bankhead Hwy Midland, TX 79701
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3301 Bankhead Hwy Midland, TX 79701

    View on Map
    • Specialty properties
    • 30,625 SF
    For Sale
    $2,250,000
    View Listing →
    Midland Retail-Industrial Opportunity For Sale
    $2,250,000
    30,625 SF

    Midland Retail-Industrial Opportunity

    30,625 SF retail-industrial space near Downtown Midland.

    3301 Bankhead Hwy, Midland, TX 79701
    View Listing
    Property ID
    US82-4459917
    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

    • Holmes Auto Supply / Auto Parts Store

    Property Details for 3301 Bankhead Hwy

    Property size
    30,625 SF
    Property type
    Specialty properties
    Property subtype
    Commercial real estate

    Description

    30, 625 SF under roof on 3.46 Acres. The current Tenant is on a month-to-month lease agreement and pays significantly below market rent. The current lease rate is $2,631.81/month and has occupied the space since February 1, 2020. There is significant room for improving the lease rate on this site for the next owner. Prime Retail-Industrial opportunity near Downtown Midland on Wall Street with quick and easy highway access. 2 miles west from Downtown

    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
    -102.1067429
    Latitude
    31.9833794

    Comparable in this City

    • $675,000
      4,656 SF

      Versatile Building Near Downtown Midland

      Adaptable building suitable for various uses near downtown Midland.
      405-407 N Terrell St, Midland, TX 79701
      View Details
    • Contact for pricing
      2,800 SF

      New Construction NNN Ground Lease

      New construction Murphy USA NNN ground lease in Midland, TX.
      3601 W Wall St, Midland, TX 79701
      View Details
    • Contact for pricing
      510 SF

      New 7 Brew Drive-Thru

      New construction 7 Brew drive-thru with a long-term NNN lease.
      2201 W Texas Ave, Midland, TX 79701
      View Details
    • $675,000
      4,656 SF

      Versatile Building Near Downtown Midland

      Adaptable 4,656 SF building suitable for various purposes.
      405-407 N Terrell 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
    • $9,100,000
      89,406 SF

      Enertia Tech Building: Midland, TX

      Downtown Midland Office Building - Prime Location
      125 Missouri Ave, Midland, TX 79701
      View Details

    Similar Nearby for Sale

    • $675,000
      4,656 SF

      Versatile Building Near Downtown Midland

      Adaptable 4,656 SF building suitable for various purposes.
      405-407 N Terrell St, Midland, TX 79701
      View Details
    • $675,000
      4,656 SF

      Versatile Building Near Downtown Midland

      Adaptable building suitable for various uses near downtown Midland.
      405-407 N Terrell St, Midland, TX 79701
      View Details
    • Contact for pricing
      2,800 SF

      New Construction NNN Ground Lease

      New construction Murphy USA NNN ground lease in Midland, TX.
      3601 W Wall St, Midland, TX 79701
      View Details
    • Contact for pricing
      510 SF

      New 7 Brew Drive-Thru

      New construction 7 Brew drive-thru with a long-term NNN lease.
      2201 W Texas Ave, Midland, TX 79701
      View Details
    • $365,000
      3.44 Acres

      Prime Midland Land Parcel Available

      3.44 acre commercial land parcel in Midland, Texas.
      1600 E Taylor Ave, Midland, TX 79701
      View Details
    • $425,000
      2,008 SF

      Midland Retail Space - Prime Location

      Downtown Midland retail space, ample parking.
      1605 Big Spring St, Midland, TX 79701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Office Building For Lease

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

      Downtown Midland Office Sublease

      Office space in downtown Midland near amenities and attractions.
      500-550 W Texas Ave, Midland, TX 79701
      View Details
    • Contact for pricing

      Downtown Midland Commercial Land For Rent

      0.48 acre lot in Midland's Central Business District.
      601 W Missouri Ave, Midland, TX 79701
      View Details
    • $1.00 SF/Yr
      4,800 SF

      Flex Space with Office/Warehouse

      4,800 SF flex space featuring office and warehouse components.
      311 E Illinois Ave, Midland, TX 79701
      View Details
    • Contact for pricing

      Downtown Midland Office Space Available

      Class B office tower in downtown Midland for lease.
      306 W Wall St, Midland, TX 79701
      View Details
    • Contact for pricing
      500 SF

      Quiet Office Space with Parking

      Office space with three rooms and convenient parking.
      3416 W Wall St, Midland, TX 79701
      View Details
    View Listing
    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.
    3301 Bankhead Hwy
    Midland, TX 79701
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!