Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9607 Wright Dr Midland, TX 79706

    • Commercial real estate
    • 25,600 SF
    OFF-MARKET
    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-3602367
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9607 Wright Dr

    Year built
    1982
    Property size
    25,600 SF
    Property type
    Commercial real estate
    APN
    R000026957
    APU
    R000026957

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $600,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $755,000
      Market price range: $649k - $5.38M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.045
    Latitude
    31.959
    CBSA code
    33260
    CBSA name
    MIDLAND, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,058
    $0.00
    $70,600
    $70,600
    -
    $0.00
    $70,600
    $70,600

    Comparable in this City

    • Value Estimation by Request
      2.01 Acres

      5504 Starboard Dr

      Land • 2.01 Acres
      5504 Starboard Dr, Midland, TX 79706
      View Details
    • Value Estimation by Request

      1130 & Fm 307

      Land
      1130 & Fm 307, Midland, TX 79706
      View Details
    • Value Estimation by Request
      10.00 Acres

      24501 County Road 1210

      Land • 10.00 Acres
      24501 County Road 1210, Midland, TX 79706
      View Details
    • Value Estimation by Request
      18.23 Acres

      2566 County Road 123

      Land • 18.23 Acres
      2566 County Road 123, Midland, TX 79706
      View Details
    • Value Estimation by Request
      43,560 SF

      6716 County Rd

      Commercial real estate • 43,560 SF
      6716 County Rd, Midland, TX 79706
      View Details
    • Value Estimation by Request
      15,000 SF

      9605 Wright Dr

      COMMERCIAL (GENERAL) • 15,000 SF
      9605 Wright Dr, Midland, TX 79706
      View Details

    Similar Nearby for Sale

    • $2,000,000
      39.99 Acres

      Midland, TX Commercial Land

      ±40 Acres, Ready to Develop
      0 Tbd Fm 307, Midland, TX 79706
      View Details
    • $1,200,000
      14,361 SF

      Midland Commercial Investment Opportunity

      High-Yield, Multi-Tenant Property in Midland, TX
      3704 County Road 1223, Midland, TX 79706
      View Details
    • $2,100,000
      3.43 Acres

      Midland, TX Commercial Land - $2.1M

      3.43-acre commercial lot, prime retail location.
      6401 Deauville Blvd, Midland, TX 79706
      View Details
    • $750,000
      40.00 Acres

      Midland, TX Commercial Land

      40-Acre Estate, Multi-Use Potential
      1601 County Road 1110, Midland, TX 79706
      View Details
    • $1,950,000
      2.34 Acres

      Midland, TX Commercial Land - $1.95M

      2.34-acre commercial lot in prime Midland location.
      5501 Starboard Dr, Midland, TX 79706
      View Details
    • $14,012,380
      80.42 Acres

      Midland, TX Commercial Land

      80 Acres, Prime Development Site
      0 Farm To Market 1788, Midland, TX 79706
      View Details

    Similar Nearby for Lease

    • $216 SF/Yr

      Midland, TX Commercial Land Opportunity

      48 Acres, High-Traffic Location, Build-to-Suit
      0 County Road 95, Midland, TX 79706
      View Details
    • $22 SF/Yr
      5,860 SF

      Gateway Plaza Retail Space Available

      Midland, TX: 5,860 SF Retail Space
      5701 Starboard Dr, Midland, TX 79706
      View Details
    • $18 SF/Yr
      20,894 SF

      Midland County Office Complex

      Versatile Office, Shop, & Storage
      1501 Fairgrounds Rd, Midland, TX 79706
      View Details
    • $16 SF/Yr
      9,000 SF

      Industrial/Office Building For Lease

      9,000 square foot industrial/office building available for lease.
      13021 W County Road 91, Midland, TX 79706
      View Details
    • $5,500 /Mo

      5.64 Acres of Fenced Land

      5.64 acres of fenced land available for rent.
      1283 E County Road 140, Midland, TX 79706
      View Details
    • Contact for pricing

      Crane Ready Warehouse For Lease

      7,500 SF warehouse with 1,800 SF office space.
      1901 S County Road 1150, Midland, TX 79706
      View Details
    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.
    9607 Wright Dr
    Midland, TX 79706
    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.