Industrial Land with Office
For Sale
Contact for pricing
1003 E County Rd 140, Midland, TX 79706
An existing office component provides administrative space within the industrial property.
Property Size11,250 SF
Price / SF$1.07
Days on Market206
Property Features for 1003 E County Rd 140
General Information
Standard status
Active
Size
11,250 SF
Property subtype
Commercial
Building Details
Building Size
11,250 SF
Year Built
2021
Listing Agency:
The Real Estate Ranch LLC
Listed By:
Thomas Johnston · License #542176
(432) 688-8200
Source:
Gloriarealestate
Added: Apr 7
Changed: Oct 25
Last Checked: Oct 26 at 4:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Ranch LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3.3-acre industrial property includes an approximately 11,250-square-foot building constructed in 2021. The building contains 7,500 square feet of office space, arranged with six standard offices, three executive offices, a conference room, kitchenette, data room, and three restrooms.
The site is positioned along CR 140. The existing building combines office facilities with the larger industrial land holding.
The site is positioned along CR 140. The existing building combines office facilities with the larger industrial land holding.
Key Highlights
- 3.3‑acre industrial site along CR 140
- Approximately 11,250 square feet of building area
- 7,500 square feet of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,912
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,018,240
$2.0M
Cap Rate 7%
$1,441,600
$1.4M
Cap Rate 9%
$1,121,244
$1.1M
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$152.6K $13.56/SF
− Vacancy
−$8.4K −$0.75/SF
EGI
$144.2K $12.81/SF
− OpEx
−$43.2K −$3.84/SF
NOI
$100.9K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,018,240
Cap Rate 7%
$1,441,600
Cap Rate 9%
$1,121,244
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.27M
NOI $136,080 @ 7.0% cap · market cap 1,134.00%
Second Best
Industrial
$1.44M
$1.26M – $1.68M
NOI $100,912 @ 7.0% cap · market cap 840.93%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,760 @ 7.0% cap · market cap 1,548.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Explore this area
Business Placement
Demographics for 79706, TX
31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Industrial land - An existing office component provides administrative space within the industrial property.
Where is this industrial land located?
The property is located at 1003 E County Rd 140 Midland, TX.
What are key features of this property?
This property features: 3.3‑acre industrial site along CR 140; Approximately 11,250 square feet of building area; 7,500 square feet of office space
