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Property profile & analytics
OFF-MARKET
Retail space

407 County Road 138 Midland, TX 79706

2,565 SF 1.3 ac lot Built 1966
Property ID
US82-1692092
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Year built 1966
Total area 2,565 SF
Lot 1.3 ac (56,628 SF)
UPID US82-1692092
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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