412 N Terrell St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
412 N Terrell St
4,576 SF Specialty Building Offered at $399,900 at a 13.25% Cap Rate in Midland, TX 79701
Investment Highlights
- Two entrances
- Overhead door
- easy access from downtown
- Two remodeled bathrooms
- Income producing storage units
Executive Summary
Great investment property that has a main building with showroom or open office space, large private office, two bathrooms and a small kitchenette. Attached at the back is a small yard and warehouse with automatic overhead door. There is access with a dbl. gate on the back from Terrell. Also, there are 14 storage units, sized 10’x20’, that can produce income as well. Located close to downtown-don’t want to miss it!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$41,400
|
$9.05
|
| Other Income |
$16,800
|
$3.67
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$58,200
|
$12.72
|
| Taxes |
$3,100
|
$0.68
|
| Operating Expenses |
$2,000
|
$0.44
|
| Total Expenses |
$5,100
|
$1.11
|
| Net Operating Income |
$53,100
|
$11.60
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $41,400 |
| Annual Per SF | $9.05 |
| Other Income | |
|---|---|
| Annual | $16,800 |
| Annual Per SF | $3.67 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $58,200 |
| Annual Per SF | $12.72 |
| Taxes | |
|---|---|
| Annual | $3,100 |
| Annual Per SF | $0.68 |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.44 |
| Total Expenses | |
|---|---|
| Annual | $5,100 |
| Annual Per SF | $1.11 |
| Net Operating Income | |
|---|---|
| Annual | $53,100 |
| Annual Per SF | $11.60 |
Property Facts
| Price | $399,900 | Building Class | A |
| Price Per SF | $87 | Lot Size | 0.25 AC |
| Sale Type | Investment or Owner User | Building Size | 4,576 SF |
| Cap Rate | 13.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1982/2019 |
| Property Subtype | Self-Storage | Parking Ratio | 0.66/1,000 SF |
| Price | $399,900 |
| Price Per SF | $87 |
| Sale Type | Investment or Owner User |
| Cap Rate | 13.25% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | A |
| Lot Size | 0.25 AC |
| Building Size | 4,576 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1982/2019 |
| Parking Ratio | 0.66/1,000 SF |
Amenities
- Signage
- Air Conditioning
1 of 1
PROPERTY TAXES
| Parcel Number | R000047-940 | Total Assessment | $208,140 (2023) |
| Land Assessment | $22,400 (2023) | Annual Taxes | $3,100 ($0.68/SF) |
| Improvements Assessment | $185,740 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R000047-940
Land Assessment
$22,400 (2023)
Improvements Assessment
$185,740 (2023)
Total Assessment
$208,140 (2023)
Annual Taxes
$3,100 ($0.68/SF)
Tax Year
2024
zoning
| Zoning Code | C3 |
| C3 |
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
412 N Terrell St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.