Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    3213 E County Road 139 Midland, TX 79706

    Sponsored
    For Lease
    $4,450 /Mo ($23 SF/Yr)

    Rental, Farm,Land,Single Family Home - Midland, TX

    Type:Farm
    Property size:
    2,240 SF
    Days on Market:
    7
    Last Refresh:
    Feb 23 at 11:06 pm

    Property Features for 3213 E County Road 139

    General Information

    Property type
    Residential Lease
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    2
    Parking
    2
    Parking features
    Garage
    Exterior features
    Fence
    Fencing
    Fenced
    Appliances
    Range, Refrigerator
    Size
    2,240 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kirenia del Monte

    Trower Realtors (432) 333-3211

    Listing agent Kirenia del Monte (432) 333-3211

    Listing date Feb 17, 2026

    MLS# 50090917 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Home with Truck Parking

    This remodeled single-family home offers country living with modern touches. The property features 4 bedrooms, 2 bathrooms, 2 large living areas, and a formal dining area. The house has been completely remodeled. An oversized fenced patio is included. The property is fully fenced for added privacy. The location is in Midland, TX. Additionally, the tenant can park up to four 18-wheelers on the property. The property is 2240 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Big Box & Wholesale Store Electronics & Wireless Store Pet Store Pet Store & Service Mobile Phone Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.006129
    Latitude
    31.943871

    Nearby Similar for Lease

    • $6,225 /Mo
      5,000 SF

      Midland Office Space For Lease

      Highly visible office space available for lease in Midland, TX.
      3900 State Highway 158 E, Midland, TX 79706
      View Details
    • $131,400
      77,972 SF

      Industrial Property in Midland, Texas

      Industrial property available for lease in Midland, Texas.
      12113 Jordy, Midland, TX 79707
      View Details
    • Contact for pricing
      2,400 SF

      Midland Flex Space with Warehouse

      2400 SF flex space with warehouse and office potential.
      10910 State Highway 191, Midland, TX 79707
      View Details
    • Contact for pricing
      2,400 SF

      Executive Offices with Storage/Warehouse

      Class A executive offices with storage/warehouse available for rent.
      10910 State Highway 191, Midland, TX 79707
      View Details
    • $24,000
      20,000 SF

      Midland Flex Space with Cranes

      20,000 SF commercial space with overhead cranes for lease.
      2106 Fm 1788, Midland, TX 79707
      View Details
    • $2,500 /Mo
      1,770 SF

      Retail Space on Wall Street

      1,770 SF retail space with high visibility in Midland.
      2816 W Wall St, Midland, TX 79701
      View Details
    • Contact for pricing
      2,400 SF

      Midland Flex Space For Rent

      Class A executive suites/warehouse with frontage access and paved parking.
      10910 State Highway 191, Midland, TX 79707
      View Details
    • Contact for pricing
      2,400 SF

      Midland Flex Space with Frontage

      Flex space with frontage and build-out potential in Midland, TX.
      10910 State Highway 191, Midland, TX 79707
      View Details
    • Contact for pricing
      2,400 SF

      Midland Flex Space with Warehouse

      Class A executive suites/warehouse with highway frontage access.
      10910 State Highway 191, Midland, TX 79707
      View Details
    • Contact for pricing
      14,000 SF

      Unique Industrial Property with Employee Housing

      Versatile industrial property featuring office, shop, wash-bay, and employee housing.
      4311 E County Road 45, Midland, TX
      View Details
    • Contact for pricing
      11,250 SF

      Versatile Industrial Property with Living Quarters

      Industrial asset featuring shop, office, living quarters, and covered parking.
      5819A W Crk 123, Midland, TX
      View Details
    • Contact for pricing
      24,000 SF

      New Build-to-Suit Industrial Facility

      Customizable 24,000 SF industrial space with expansion options available.
      9901 West County Road 133, Midland, TX 79706
      View Details

    FAQs

    What type of property is this?
    Farm - Remodeled 4-bed, 2-bath home with parking for 18-wheelers.
    Where is this farm located?
    The property is located at 3213 E County Road 139 Midland, TX.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Completely remodeled with modern touches; - Four bedrooms and two bathrooms; - Two huge living areas and a formal dining area
    (432) 333-3211
    Request Owner's contact information
    3213 E County Road 139 Midland, TX 79706
    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.
    3213 E County Road 139
    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
    3213 E County Road 139 Midland, TX 79706
    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

    We can help!
    Listing Contact
    Kirenia del Monte
    (432) 333-3211 (432) 213-1765
    Learn more
    Google sign-in failed. Please try again or use another login method.