Warehouse with Climate-Controlled
2828 E IH-20 Midland, TX 79706
For Sale
$7,220,000
COMMERCIAL - Midland, TX
Property Size17,805 SF
Lot Size43.50 Acres
Price / SF$405.50
Days on Market59
Property Features for 2828 E IH-20
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 17,805 SF
- Lot size
- 43.50 Acres
Taxes and HOA fees
- Tax Description
- 45.3 acres out of SE/4 Sec 6, Block 38, T2S
Building Details
- Year built
- 2006
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Thomas Johnston ABR /CNHS · License #542176
(512) 970-1610
Added: May 27
Changed: Jul 22
Last Checked: Jul 24 at 10:06PM
MLS# 50095512
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale, a divisible 43.5-acre industrial tract in Midland, Texas, anchored by a 17,805 sq ft warehouse building built in 2006. The building includes approximately 12,000 sq ft of climate-controlled space. Additional improvements include a car barn, garage, shop, and covered porches/awnings, along with a residence/office featuring interior finishes, appliances, and fixtures.
The property is positioned with approximately 900 feet of high-visibility frontage along Interstate 20 within a growing industrial corridor. A notable on-site feature is a 1,500 sq ft solid concrete safe room.
The overall offering combines warehouse and climate-controlled space with multiple auxiliary structures and an on-site residence/office, supporting a range of operational configurations consistent with the property’s established improvements.
The property is positioned with approximately 900 feet of high-visibility frontage along Interstate 20 within a growing industrial corridor. A notable on-site feature is a 1,500 sq ft solid concrete safe room.
The overall offering combines warehouse and climate-controlled space with multiple auxiliary structures and an on-site residence/office, supporting a range of operational configurations consistent with the property’s established improvements.
Key Highlights
- 43.5 acre tract with 900 feet of high‑visibility I‑20 frontage.
- 17,805 sq ft building with 12,000 sq ft of climate‑controlled space.
- Located in a rapidly growing industrial corridor.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $341.9k | $19.20 |
| − Vacancy | −$54.7k | −$3.07 |
| EGI | $287.2k | $16.13 |
| − OpEx | −$71.8k | −$4.03 |
| NOI | $215.4k | $12.10 |
17,805 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.08M
$2.69M – $3.59M
NOI $215,369 @ 7.0% cap · market cap 2.98%
Second Best
Warehouse
$2.77M
$2.42M – $3.23M
NOI $193,933 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,996 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Warehouse - For-sale warehouse tract with a 17,805 sq ft building built in 2006 and about 12,000 sq ft of climate control.
Where is this warehouse located?
The property is located at 2828 E IH-20 Midland, TX.
What is the asking price?
The asking price for this property is $7,220,000.
What are key features of this property?
This property features: 43.5 acre tract with **900 feet of high‑visibility I‑20 frontage.**; 17,805 sq ft building with **12,000 sq ft of climate‑controlled space.**; Located in a rapidly growing industrial corridor.
