407 County Road 138 Midland, TX 79706
This exceptional 2,565 square foot storefront property in Midland, Texas, presents a unique investment opportunity. Situated on a spacious 1.3-acre lot, the property boasts a single-story building constructed in 1966. The asking price is $369,000, translating to $143.86 per square foot. The property includes a substantial shop/garage, measuring 960 square feet, easily accommodating four vehicles. The existing residence features four bedrooms and three bathrooms, offering comfortable living quarters. Recent updates include fresh paint and carpet in three bedrooms, a remodeled bathroom, and a kitchen upgrade featuring granite countertops, a pantry, and a butler's pantry with space for a second refrigerator. The home also includes a large den with a fireplace and vaulted ceilings, and a master suite with a separate tub and shower. The property is conveniently located near Highway 349 and benefits from fenced and cross-fenced land, providing ample space and security. This versatile property is unrestricted, offering a wide range of potential uses. The property's location in Midland, Texas, offers access to a thriving market and strong potential for growth. The combination of retail space, ample land, and comfortable living quarters makes this a truly unique and attractive investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.