Modern Industrial Facility in
For Sale
Contact for pricing
10200 W County Rd, Midland, TX
9,580 SF industrial property in the Permian Basin.
Property Size9,580 SF
Lot Size5.01 Acres
Price / SF$180
Days on Market426
Property Features for 10200 W County Rd
General Information
Standard status
Active
Size
9,580 SF
Lot size
5.01 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Matthews Real Estate Investment Services | Austin
(866) 889-0550
Listed By:
Michael Kelleher · License #764467(TX)
(210) 844-7353
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Oct 7
Last Checked: Oct 16 at 11:13AM
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 Matthews Real Estate Investment Services | Austin
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 9,580 square foot industrial facility, constructed in 2017, is located in Midland, Texas, within the Permian Basin energy hub. The property features a 60' x 155' warehouse with 24' eave heights and eight 16' x 16' overhead doors, creating four drive-through bays. The layout includes 5,700 square feet of shop space, 2,100 square feet of office area, and a 1,780 square foot wash bay. The property is currently leased to Horizontal Wireline Services, an independent provider of logging, perforating, and advanced wireline solutions for the oil and gas industry. The location provides central access to the Midland-Odessa workforce, proximity to Interstate 20, and the Midland International Air & Space Port, making it suitable for oil and gas operations.
Key Highlights
- High yield investment opportunity with an impressive 10.03% cap rate.
- Stable, established tenant: Leased to Horizontal Wireline Services, a leading oilfield services provider.
- Prime location in Midland, Texas, within the Permian Basin energy hub.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,346
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,086,920
$2.1M
Cap Rate 7%
$1,490,657
$1.5M
Cap Rate 9%
$1,159,400
$1.2M
Market Conditions
NOI Build-Up for 9,580 SF
Gross rent
$129.9K $13.56/SF
− Vacancy
−$7.1K −$0.75/SF
EGI
$122.8K $12.81/SF
− OpEx
−$18.4K −$1.92/SF
NOI
$104.3K $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%
$2,086,920
Cap Rate 7%
$1,490,657
Cap Rate 9%
$1,159,400
Alternative Uses
Best Use
Warehouse
$1.49M
$1.30M – $1.74M
NOI $104,346 @ 7.0% cap · market cap 6.05%
Second Best
Industrial
$1.23M
$1.07M – $1.43M
NOI $85,932 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,185 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,226
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Midland Lock Storage- Office Location — 2215 W Florida Ave, Midland, TX 79701
- KO Storage — 2215 W Florida Ave, Midland, TX 79701
- Alamo South — 1301 Connell St, Midland, TX 79701
- KO Storage — 1001 S L St, Midland, TX 79701
- Advantage Self Storage — 1506 college ave, midland, tx 79701
Frequently Asked Questions
What type of property is this?
Warehouse - 9,580 SF industrial property in the Permian Basin.
Where is this warehouse located?
The property is located at 10200 W County Rd Midland, TX.
What is the asking price?
The asking price for this property is $1,724,400.
What are key features of this property?
This property features: High yield investment opportunity with an impressive 10.03% cap rate.; Stable, established tenant: Leased to Horizontal Wireline Services, a leading oilfield services provider.; Prime location in Midland, Texas, within the Permian Basin energy hub.
