1200 W Scharbauer Dr Midland, TX ^$ 790,000

1200 W Scharbauer Dr

^$ 790,000

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1200 W Scharbauer Dr

Midland, TX, 79701

^$ 790,000

Bedrooms-- Baths-- Sq 4,066

1200 W Scharbauer Dr, Midland, TX 79701 - Image 1

1200 W Scharbauer Dr, Midland, TX 79701 - Image 2

1200 W Scharbauer Dr, Midland, TX 79701 - Image 3

1200 W Scharbauer Dr, Midland, TX 79701 - Image 4

Property for Rent in Midland, TX

for $790,000. This 4,066 square foot property was built in 1979 on a lot size of 0.268.

PROFITABLE INVESTOR PORTFOLIO INCLUDING THE SALE OF 3 HOMES ON SCHARBAUER DR! ALL HOMES ARE CURRENTLY BEING LEASED WITH 100% OCCUPANCY. THE ENTIRE PORTFOLIO OF 19 TOTAL HOMES IS BEING SOLD, INCLUDING THE BREAKDOWN SMALLER INVESTOR PACKAGES LISTED SEPARATELY. CURRENT INCOME ON SCHAARBAUER HOMES IS $5,000/MONTH IN TENANT LEASES.

Rental Active

Price

^$ 790,000

Taxes

^$ 3,122

Style

Commercial

Lot Size

0.268

Year Built

1979

Town/City

Midland

County/Region

Midland

MLS | Web ID

50079500

Features

Interior

Interior Amenities Ceiling Height: Less than 20 ft

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

General

Sewer Public Sewer

Heating Central Natural Gas

Cooling Electric

Utilities Electricity Connected Sewer Connected Water Connected Natural Gas Available Underground Utilities

Roof Composition

Construction Materials Brick

Exclusions MINERALS

Year Built 1979

Tenant Pays Electricity Gas Water

Levels Two

Property Subtype Commercial

Parcel Number R000042909

County Midland

New Construction N

Property Type Commercial Sale

HOA N

Attached Garage N

Subdivision Name Scharbauer Place

Garage Y/N N

Status Active

City Midland

MLS Area MD4

Lot Size Units Square Feet

Lot Size Square Feet 11674.08

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 3122.67

Showing Instructions Call Listing Office

Rent Control Y/N N

Building Area Units Square Feet

Lease Type RESIDENTIAL

Living Area Units Square Feet

Standard Status Active

Occupancy Type Tenant

Legal Description SEE AGENT REMARKS.

Freehold BBO IDX

Exterior

Fencing Fenced Other

Parking Features Covered

Lot Features Landscaped

Water Source Public

Lot Size Area 11674.08

Foundation Details Slab

Spa N

Building Area Total 4066

Lot Size Acres 0.268

Road Surface Type Paved

Road Frontage Type City Street Alley Sidewalks

Horse Y/N N

Irrigation Water Rights Y/N N

* Excluded Features

List By

The Agency Kerri Payne James Real Estate Team

Broker

(432) 553-7443

Phone

Nearby

Trends
Schools

About Midland, TX

132,228 Population

36% Since 2002

^$73,751 Median Income

34.79 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1795957 Elementary School

1795677 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2025	$680,000	-39.82%	Price Down
1/21/2025	$1,130,000		Listed Price

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1200 W Scharbauer Dr, Midland, TX, 79701 is a Property for Rent at $790,000 with 4,066 sqft and a lot size of 0.268. 1200 W Scharbauer Dr was built in 1979. The property's zip code is 79701 which is in Midland, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Permian Basin Board of Realtors

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Permian Basin Board of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/1/2026.

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1200 W Scharbauer Dr

Property for Rent in Midland, TX

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