Midland Industrial Facility For
For Sale
$4,266,667
10110 West County Road 72, Midland, TX 79707
25,750 SF industrial complex on 11.41 acres in Midland.
Property Size25,750 SF
Lot Size11.41 Acres
Price / SF$165.70
Days on Market156
Property Features for 10110 West County Road 72
General Information
Standard status
Active
Size
25,750 SF
Lot size
11.41 Acres
Property subtype
Industrial - Manufacturing
Building Details
Building Size
25,750 SF
Year Built
2025
Listing Agency:
NRG Realty Group
Listed By:
Dakota Flowers · License #823743
(432) 895-5656
Source:
Commercialcafe
Added: May 15
Changed: Oct 13
Last Checked: Oct 16 at 5:53AM
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 NRG Realty Group
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Investment Insights
Based on property information with market context.
Located off North FM 1788 in Midland, Texas, this 25,750-square-foot industrial facility is situated on 11.14 acres. The property is approximately 6 miles north of I-20, about 1 mile west of State Highway 349, and around 7 miles from Midland International Airport. It features 2,500 SF of integrated office space, a 6,250 SF main shop equipped with a 20-ton overhead crane, a 15,000 SF paint shop, and two 1,000 SF welding shops. The property has substantial acreage supporting ample yard space. It is currently leased under a 10-year triple net (NNN) agreement, which commenced on July 3, 2025, and expires on July 2, 2035, at $32,000 per month ($1.24/SF/month or $14.91/SF/year). The property is suited for oilfield services, fabrication, and equipment operations. The location has unrestricted zoning and supports adaptable industrial deployment. It is positioned in an oil and gas service company hub, offering positioning for heavy-duty operations in the Permian Basin.
Key Highlights
- Long‑term (10‑year) NNN lease in place, commencing July 3, 2025, providing predictable, low‑maintenance income.
- High‑demand industrial submarket in the Permian Basin.
- 25,750 SF industrial facility on 11.14 acres**, featuring integrated office space, crane‑served main shop, dedicated paint shop, and specialized welding facilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,976
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,619,520
$4.6M
Cap Rate 7%
$3,299,657
$3.3M
Cap Rate 9%
$2,566,400
$2.6M
Market Conditions
NOI Build-Up for 25,750 SF
Gross rent
$349.2K $13.56/SF
− Vacancy
−$19.2K −$0.75/SF
EGI
$330.0K $12.81/SF
− OpEx
−$99.0K −$3.84/SF
NOI
$231.0K $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%
$4,619,520
Cap Rate 7%
$3,299,657
Cap Rate 9%
$2,566,400
Alternative Uses
Best Use
Industrial
$3.30M
$2.89M – $3.85M
NOI $230,976 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.07M
$5.31M – $7.09M
NOI $425,184 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 79707, TX
37,632
Population
16,654
Households
2.3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
530
Density / Sq Mi
$99,979
Median Household Income
$58,351
Median Earnings
$1,383
Median Rent
$382,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - 25,750 SF industrial complex on 11.41 acres in Midland.
Where is this manufacturing property located?
The property is located at 10110 West County Road 72 Midland, TX.
What is the asking price?
The asking price for this property is $4,266,667.
What are key features of this property?
This property features: Long‑term (10‑year) NNN lease in place, commencing July 3, 2025, providing predictable, low‑maintenance income.; High‑demand industrial submarket in the Permian Basin.; 25,750 SF industrial facility on 11.14 acres**, featuring integrated office space, crane‑served main shop, dedicated paint shop, and specialized welding facilities.
