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 Market371
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
(210) 844-7353
Listed By:
Michael Kelleher · License #9005919
(210) 844-7353
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Jul 6
Last Checked: Aug 23 at 5:36AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,346
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Alamo South — 1301 Connell St, Midland, TX 79701
- Advantage Self Storage — 1506 college ave, midland, tx 79701
- KO Storage — 2215 W Florida Ave, Midland, TX 79701
- Midland Lock Storage- Office Location — 2215 W Florida Ave, Midland, TX 79701
- KO Storage — 1001 S L St, 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.
