Man Camp Housing and Industrial
9300 W County Rd 60 Midland, TX 79706
For Sale
$1,100,000
COMMERCIAL - Midland, TX
Property Size6,866 SF
Lot Size5.50 Acres
Price / SF$160.21
Days on Market430
Property Features for 9300 W County Rd 60
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 6,866 SF
- Lot size
- 5.50 Acres
Taxes and HOA fees
- Tax Description
- 5.5 acres out of a 29.3 acre tract out of the NW/4 of Section 28, Block 40, T-1-S, T. & P. RR. Co. Survey, Midland County Texas. Save and ex
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Thomas Johnston ABR /CNHS · License #542176
(512) 970-1610
Added: May 21, 2025
Changed: Jul 22
Last Checked: Jul 24 at 10:06PM
MLS# 50082290
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 property offers a 10-cap man camp housing package and an industrial shop on 5.5 acres. The housing units were remodeled in 2013 and include three rental homes: The Washington (2,656 SF, 3 bed/2 bath), The Lincoln (1,350 SF, 4 bed/2 bath), and The Jefferson (1 bed/1 bath). Also included is The Shop, a 2,500 SF building with three pull-in bays.
Gross rents are listed at $163,200, with net rent to owner reported as $109,404 per year. The property is located at 9300 W County Rd 60 in Midland, Texas, and the listing notes it sits on the city limit line.
The combination of remodeled workforce housing and a multi-bay shop layout provides a single-site configuration for managing both residential rentals and shop space together.
Gross rents are listed at $163,200, with net rent to owner reported as $109,404 per year. The property is located at 9300 W County Rd 60 in Midland, Texas, and the listing notes it sits on the city limit line.
The combination of remodeled workforce housing and a multi-bay shop layout provides a single-site configuration for managing both residential rentals and shop space together.
Key Highlights
- High 10 Cap Rate investment property.
- Substantial annual net income to owner: $109,404.
- Gross annual rents of $163,200.
Financial Insights For Industrial
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 | $93.1k | $13.56 |
| − Vacancy | −$5.1k | −$0.75 |
| EGI | $88.0k | $12.81 |
| − OpEx | −$26.4k | −$3.84 |
| NOI | $61.6k | $8.97 |
6,866 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$879.8K
$769.9K – $1.03M
NOI $61,588 @ 7.0% cap · market cap 5.60%
Second Best
Flex RnD
$863.0K
$755.1K – $1.01M
NOI $60,410 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,371 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Midland Corporate Ranch
Hotel & Motel
FAQs
What type of property is this?
Single family property - Remodeled 10-cap housing package with multiple rental homes plus a 3-bay shop on 5.5 acres.
Where is this single family property located?
The property is located at 9300 W County Rd 60 Midland, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High 10 Cap Rate investment property.; Substantial annual net income to owner: $109,404.; Gross annual rents of $163,200.
