Technical
Financial
Distress signals
Property profile

3400 N Big Spring St Midland, TX 79705

FOR SALE
Retail properties & Spaces
Property ID
US82-2358943
Built 1965
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Property summary

AI-generated overview

This standalone building, with 3,200 SF under roof, sits on a .63-acre lot, offering ample room for a variety of uses. The building underwent a significant renovation, which added 1,000 SF to its original layout. Previously operating as an animal hospital, the space is highly versatile and can easily be repurposed for office use, an event center, or other commercial purposes. The property features a paved parking lot with ample parking space for both employees and clients. This property, located on Big Spring Street in Midland, offering prime frontage on one of the city's most traveled thoroughfares. With an Average Daily Traffic (ADT) count of 30,048 vehicles per day, it ensures high visibility and significant exposure for any business or development. The location is strategically situated just north of the signalized intersection of Big Spring and Wadley.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1965
UPID US82-2358943

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
  • Veterinary Clinic

Location

3400 N Big Spring St Midland, TX 79705
Midland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$1.20M

Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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