Industrial Complex with Man
8211 E County Rd 62 Midland, TX 79706
For Sale
$4,500,000
COMMERCIAL - Midland, TX
Property Size24,775 SF
Lot Size23.60 Acres
Price / SF$181.63
Days on Market122
Property Features for 8211 E County Rd 62
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 24,775 SF
- Lot size
- 23.60 Acres
Taxes and HOA fees
- Tax Description
- Acres: 23.600 23.60 AC OUT OF SEC: 30 BLK: 37-T1S
- Tax Annual Amount
- 30242
Building Details
- Year built
- 2021
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Brian Savage · License #TREC 0584754
(432) 599-4496
Added: Mar 25
Changed: Jul 22
Last Checked: Jul 24 at 11:06PM
MLS# 50093799
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.
This for-sale industrial property includes three buildings on approximately 23.6 acres, designed to support both shop operations and on-site lodging. The main shop features office space plus a second-floor livable area, along with a 6,000-square-foot shop area and a wash bay. A second shop includes office space, a second-floor livable area, and additional shop space.
The man-camp bunkhouse totals 6,775 square feet and provides 20 rooms, two large bathrooms with showers, a full kitchen, and two laundry rooms. The bunkhouse also includes a private gated entrance and covered parking.
The property is described as having three-phase power and fiber optic internet, along with a fully equipped security monitoring system.
The man-camp bunkhouse totals 6,775 square feet and provides 20 rooms, two large bathrooms with showers, a full kitchen, and two laundry rooms. The bunkhouse also includes a private gated entrance and covered parking.
The property is described as having three-phase power and fiber optic internet, along with a fully equipped security monitoring system.
Key Highlights
- 24‑acre industrial property with three buildings near Interstate 20.
- Main shop with a 2500 sq ft office, 2500 sq ft livable 2nd floor, 6000 sq ft shop, and wash bay.
- 6775 sq ft man‑camp bunkhouse with 20 rooms, full kitchen, and 2 laundry rooms.
Financial Insights For Warehouse
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 | $335.9k | $13.56 |
| − Vacancy | −$18.5k | −$0.75 |
| EGI | $317.5k | $12.81 |
| − OpEx | −$47.6k | −$1.92 |
| NOI | $269.9k | $10.89 |
24,775 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.86M
$3.37M – $4.50M
NOI $269,851 @ 7.0% cap · market cap 6.00%
Second Best
Industrial
$3.17M
$2.78M – $3.70M
NOI $222,230 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$5.84M
$5.11M – $6.82M
NOI $409,085 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Red River Oilfield ...
Corporate Office
FAQs
What type of property is this?
Flex space - Three-building industrial compound with offices, shop space, and an on-site bunkhouse with kitchens, laundry, and showers.
Where is this flex space located?
The property is located at 8211 E County Rd 62 Midland, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 24‑acre industrial property with three buildings near Interstate 20.; Main shop with a 2500 sq ft office, 2500 sq ft livable 2nd floor, 6000 sq ft shop, and wash bay.; 6775 sq ft man‑camp bunkhouse with 20 rooms, full kitchen, and 2 laundry rooms.
