Industrial Warehouse
New
For Sale
$1,449,000
1007 S COUNTY RD 1120, Midland, TX 79706
The planned industrial park offers both development sites and completed office/shop facilities with secured yard options.
Property Size7,500 SF
Days on Market3
Property Features for 1007 S COUNTY RD 1120
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Industrial - Warehouse/Distribution
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
industrial
Building Details
Building Size
7,500 SF
Listing Agency:
Moriah Brokerage Services
Listed By:
Wes Gotcher
(432) 682-2510
Source:
Commercialcafe
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:21AM
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 Moriah Brokerage Services
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.
Dunn Ranch Industrial Park is a master-planned industrial development in Midland County, with industrial lots and completed office/shop facilities available for purchase. The offering includes options for users seeking secured yard space and access for trucks and equipment.
The site is approximately one mile south of Interstate 20 and one mile north of Highway 307, with connections to Midland, Odessa, and the broader Permian Basin. It is located outside the City of Midland along S County Road 1120.
The site is approximately one mile south of Interstate 20 and one mile north of Highway 307, with connections to Midland, Odessa, and the broader Permian Basin. It is located outside the City of Midland along S County Road 1120.
Key Highlights
- Industrial development with both land sites and completed office/shop facilities available for purchase
- Approximately one mile south of Interstate 20 and one mile north of Highway 307
- Options include secured yard space and access for trucks and equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,691
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,633,820
$1.6M
Cap Rate 7%
$1,167,014
$1.2M
Cap Rate 9%
$907,678
$907.7K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$101.7K $13.56/SF
− Vacancy
−$5.6K −$0.75/SF
EGI
$96.1K $12.81/SF
− OpEx
−$14.4K −$1.92/SF
NOI
$81.7K $10.89/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,633,820
Cap Rate 7%
$1,167,014
Cap Rate 9%
$907,678
Alternative Uses
Best Use
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,691 @ 7.0% cap · market cap 5.64%
Second Best
Industrial
$961.1K
$840.9K – $1.12M
NOI $67,275 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - The planned industrial park offers both development sites and completed office/shop facilities with secured yard options.
Where is this warehouse located?
The property is located at 1007 S COUNTY RD 1120 Midland, TX.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Industrial development with both land sites and completed office/shop facilities available for purchase; Approximately one mile south of Interstate 20 and one mile north of Highway 307; Options include secured yard space and access for trucks and equipment
