Warehouse with I-20
Tract 1 E IH-20 Midland, TX 79706
For Sale
$4,160,000
COMMERCIAL - Midland, TX
Property Size17,805 SF
Lot Size18.00 Acres
Price / SF$233.64
Days on Market58
Property Features for Tract 1 E IH-20
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 17,805 SF
- Lot size
- 18.00 Acres
Taxes and HOA fees
- Tax Description
- 18.0 acres out of a 45.3 tract 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 28
Changed: Jul 22
Last Checked: Jul 24 at 10:06PM
MLS# 50095531
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.
Tract 1 is an 18-acre warehouse property built in 2006, comprising a total building area of 17,805 square feet. Approximately 12,000 square feet includes heat and AC, while the remainder is configured as a carbarn with additional garage, shop, and porches/awnings. The property also includes a home/office described as having top-level interior finishes, appliances, and fixtures.
The tract offers approximately 900 feet of frontage on I-20 and is part of a larger 43.5-acre tract. Exterior features include Bermuda grass and sprinklers, along with more than 300 trees that are described as 20–25 years old. The site overlooks a lake described as approximately 2/3 of an acre.
A standout improvement is a 1,500-square-foot solid concrete-cased safe room, including man cave, gun room, and tornado shelter features.
The tract offers approximately 900 feet of frontage on I-20 and is part of a larger 43.5-acre tract. Exterior features include Bermuda grass and sprinklers, along with more than 300 trees that are described as 20–25 years old. The site overlooks a lake described as approximately 2/3 of an acre.
A standout improvement is a 1,500-square-foot solid concrete-cased safe room, including man cave, gun room, and tornado shelter features.
Key Highlights
- 18‑acre tract with 900' of I‑20 frontage in the Permian Basin.
- 17,805 sqft building including 12,000 sqft with Heat & AC.
- High‑end home/office with top‑notch interior finishes, appliances, and fixtures.
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 | $241.4k | $13.56 |
| − Vacancy | −$13.3k | −$0.75 |
| EGI | $228.2k | $12.81 |
| − OpEx | −$34.2k | −$1.92 |
| NOI | $193.9k | $10.89 |
17,805 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.77M
$2.42M – $3.23M
NOI $193,933 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,996 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
FAQs
What type of property is this?
Warehouse - Built in 2006 with 17,805 sq ft warehouse plus home/office, including 12,000 sq ft with heat and AC.
Where is this warehouse located?
The property is located at Tract 1 E IH-20 Midland, TX.
What is the asking price?
The asking price for this property is $4,160,000.
What are key features of this property?
This property features: 18‑acre tract with 900' of I‑20 frontage in the Permian Basin.; 17,805 sqft building including **12,000 sqft with Heat & AC**.; High‑end home/office with top‑notch interior finishes, appliances, and fixtures.
