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Property profile & analytics
FOR LEASE
Shopping centers
3303 N Midkiff Rd Midland, TX 79705
Entity Owned
6-yr Hold
Property ID
US83-3815168
For Lease
1 / 20
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3303 N Midkiff Rd, Midland, TX 79705
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Property summary
AI-generated overview
San Miguel Square is a recently renovated retail shopping center positioned at the northwest corner of N Midkiff Rd and W Wadley Ave in one of Midland’s strongest retail corridors. The center offers a refreshed appearance, strong visibility, and a growing tenant mix designed to serve the surrounding residential and daytime population. San Miguel Square is located on the NWC of N Midkiff Rd and W Wadley Avenue in the heart of Midland, Texas. Adjacent to Trinity School, one of the best private schools in West Texas and across from the top HEB in the region, this neighborhood shopping center is located at one of the busiest and most productive intersections in Midland. The Shopping Center just finished a remodel and ownership is continuing to upgrade the tenant mix to better serve the community. New tenants include Rusty Taco, Amara Gelato, Cpl Rays Coffee, Club Champion, and Posh Kids Boutique.
Property profile
Verified
Property type
Shopping centers
UPID
US83-3815168
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
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James A. Holman, Jr., DDS - Monarch Dental Dental Office
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Lend Me Your Ear Hearing Center Physician
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San Miguel Square Shopping Center Shopping Center & Mall
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Namaste Yoga & Pilates Reformer Studio Gym & Fitness Center
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I Luv Pho 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
San Miguel Midland Ptrs LLC · 6 yrs held
San Miguel Midland Ptrs LLC
since 2019
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Midland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Comparables
4 recent transactions · within 1.5 miComparable in this city
4 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Shopping centers
Status
For Lease
UPID
US83-3815168
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Current owner
From public records · entity-resolved
San Miguel Midland Ptrs LLC
Entity
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
—
Ld Acquisition Company 19 LLC
—
Deed
related
$277,500,000 · Whitney Bank
Aug 1, 2019
—
San Miguel Midland Ptrs LLC
San Miguel Square Realty Ltd
Quitclaim Deed
related
$9,854,809 · Simmons Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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