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$55,060

NAL Estimated Property Value

405-407 N Terrell St, Midland, TX, 79701

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths4,656 Sq Ft
price_per_sqft$144.97 / sqft
Year BuiltBuilt in 1998

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available

Exterior

Lot Size10,498 sqft

Building Information

Year Built1998
Stories1
Garage Spaces32

Land Information

APNR000035035
SubdivisionOriginal Town
Land UseOther
Legal DescriptionACRES: 0.241 BLK: 013 S/2 OF NE/4 ADDN: ORIGINAL TOWN
Census Tract010200
Assessed Land Value$21,000
Assessed Improvement Value$34,060
Assessment Year2025

About this property

Great building that can be used as a church, offices, gym, event center, adult assisted living or child day care, the possibilities are endless. Huge parking lot for all your guests, .241 acres to pass with sale. Near the downtown area, Hwy 80, easy access to I-20.

Investor Tools

Property Icon
$55,060
Estimated Property Value
$0Estimated Mortgage Balance
$55,060Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$93/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$835
$55,060
2025
$21,000
$34,060
$55,060
No

Tax History

Year
Tax Paid
Assessed Value
2024
$835
$55,060

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$55,060
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Midland

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405-407 N Terrell St | Property Details | No Agent List