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    1506 S County Road 1309 Midland, TX 79707

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    For Sale
    $11,898,371

    Multi-building industrial facility with long-term lease in strategic location.

    Property size:
    52,246 SF
    Lot size:
    10.99 Acres

    Property Features for 1506 S County Road 1309

    General Information

    Size
    52,246 SF
    Lot size
    10.99 Acres

    Source: NRG Realty Group - Dallas/Fort Worth Agent Justin Dodd

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Service Facility For Sale

    This multi-building industrial service facility, totaling 52,246 square feet on 10.99 acres, is strategically located between Midland and Odessa, TX. Constructed in 2012, 2013, and 2016, the property features a long-term triple-net lease with 72 months remaining and two renewal options, offering minimal landlord responsibilities. The facility is occupied by Drilling Tools International, a provider of downhole tools for land and offshore drilling markets. The property includes 10% office space and eave heights ranging from 29.7 to 31.8 feet. It is equipped with multiple bridge and jib cranes, wash-bays, overhead doors, and drive-in bays. The property is located outside of any flood zone.
    Location Intelligence

    Current Use by Public Records

    Park city/ wenzel Drilling Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.059705
    Latitude
    32.004865

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    FAQs

    What type of property is this?
    Manufacturing property - Multi-building industrial facility with long-term lease in strategic location.
    Where is this manufacturing property located?
    The property is located at 1506 S County Road 1309 Midland, TX.
    What is the asking price?
    The asking price for this property is $11,898,371.
    What are key features of this property?
    This property features: - Long-Term Triple-Net Lease with 72 Months Remaining & (2) Renewal Options, offering stable and predictable income.; - Strategic Location between Midland & Odessa, TX, providing excellent access to key markets.; - Occupied by Drilling Tools International, a leading provider in the drilling market, ensuring a reliable tenant.
    (214) 534-7976
    Request Owner's contact information
    1506 S County Road 1309 Midland, TX 79707
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    Midland, TX 79707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1506 S County Road 1309 Midland, TX 79707
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