Midland Industrial Property For Sale

3510 N County Rd 1148, Midland, TX

View on Map

For Sale

Contact for pricing

Long-term NNN lease with annual escalations in Midland, TX.

Type:INDUSTRIAL

Property size:

35,986 SF

Lot size:

13.07 Acres

Price / SF:

$176/SF

HighLights

Long‑term NNN lease in place through 8/31/2033 with annual escalations.
Strategic location in the NE Quadrant of Midland, TX, within the Permian Basin.
Large acreage (13.756 acres) and custom improvements uniquely built for pipe handling & servicing.
Occupied by Black Diamond Oilfield Services LLC, an industry‑leading supplier.
Four buildings totaling 35,986 SF with features including 19.8’ – 32.8’ eave heights, jib cranes, and 18 grade‑level drive‑in doors.
Well‑maintained property through professional property management.

We can help!

Listing Contact

Justin Dodd

For Sale

Contact for pricing

Long-term NNN lease with annual escalations in Midland, TX.

Type:INDUSTRIAL

Property size:

35,986 SF

Lot size:

13.07 Acres

Price / SF:

$176/SF

Added:: Mar 26, 2025
Days on Market:: 441
Last Refresh:: May 20 at 9:33 pm

Property Features for 3510 N County Rd 1148

General Information

Standard status: Active
Size: 35,986 SF
Lot size: 13.07 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Justin Dodd

Listing agent Justin Dodd License #9004023

Listing office NRG Realty Group - Dallas/Fort Worth

Listing date Mar 26, 2025

Source Moodyscre

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 - Dallas/Fort Worth

HighLights

Long‑term NNN lease in place through 8/31/2033 with annual escalations.
Strategic location in the NE Quadrant of Midland, TX, within the Permian Basin.
Large acreage (13.756 acres) and custom improvements uniquely built for pipe handling & servicing.
Occupied by Black Diamond Oilfield Services LLC, an industry‑leading supplier.
Four buildings totaling 35,986 SF with features including 19.8’ – 32.8’ eave heights, jib cranes, and 18 grade‑level drive‑in doors.
Well‑maintained property through professional property management.

Overview

This industrial property, located in the northeast quadrant of Midland, Texas, is part of the Permian Basin. The property is occupied by Black Diamond Oilfield Services LLC, and features four buildings totaling 35,986 square feet on a 13.756-acre site. Approximately 10% of the space is office space. The buildings have eave heights ranging from 19.8 to 32.8 feet and are uniquely built for pipe handling and servicing. It includes jib cranes and small overhead hoists, along with a pipe washing facility. There are 18 grade-level drive-in doors. The property is under a long-term NNN lease with annual escalations and is occupied through August 31, 2033. The custom improvements and large acreage contribute to a high renewal probability. The property is well-maintained through property management.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$488.0k	$13.56
− Vacancy	−$26.8k	−$0.75
EGI	$461.1k	$12.81
− OpEx	−$69.2k	−$1.92
NOI	$392.0k	$10.89

35,986 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$5.60M

$4.90M – $6.53M (±1% cap)

NOI $391,962 @ 7.0% cap · market cap 6.17%

Second Best

Industrial

$4.61M

$4.03M – $5.38M (±1% cap)

NOI $322,792 @ 7.0% cap · market cap 5.08%

Theoretical Best

Office A

$8.49M

$7.43M – $9.90M (±1% cap)

NOI $594,201 @ 7.0% cap · market cap 9.35%

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

Property Profile Location Intelligence

Current Use by Public Records

Pinnacle oilfield services Corporate Office Pinnacle Oilfield Inspection ... Corporate Office Black Diamond Oilfield Corporate Office

Suggested Use

Location Insight

Map
Local Demand

City: Midland
County: Midland
State: Texas
Longitude: -101.991
Latitude: 32.0616

Nearby Similar for Sale

$871,500

5,000 SF

Highly Visible Midland Office Building

Former state office with high visibility and traffic.

3900 E Hwy 158, Midland, TX 79706

View Details
$2,200,000

22,000 SF

Spacious Midland Flex/Industrial Property

22,000 SF flex/industrial building on 5 acres in Midland.

11610 W County Rd 40, Midland, TX 79707

View Details
$2,150,000

14,600 SF

Midland Commercial Property on 2.85 Acres

2.85 acres with frontage on Wall St. and BankHead Highway.

3915 W Wall St, Midland, TX 79701

View Details
$799,900

1,830 SF

Midland Commercial Property on Corner

Commercial property on high-traffic corner lot in Midland, Texas.

2800 W Wall St, Midland, TX 79701

View Details
$3,200,000

28,921 SF

Multi-Building Industrial Flex Complex

Multi-building industrial complex with office support, cranes, and multiple roll-up doors on Highway 158.

3611 E Hwy 158, Midland, TX 79705

View Details
$450,000

3,200 SF

Midland Commercial Property For Sale

3,200 SF commercial building with office and gated yard.

1609 E Taylor, Midland, TX 79701

View Details
$1,149,000

5,000 SF

Premium Office and Warehouse Space

High-quality 5000 sqft office and warehouse with recent construction.

3010 S County Rd 1250, Midland, TX 79706

View Details
$675,000

4,656 SF

Versatile Building Near Downtown Midland

Adaptable 4,656 SF building suitable for various purposes.

405-407 N Terrell St, Midland, TX 79701

View Details
$1,270,000

660 SF

Retail Site in Growing Corridor

2-acre site with 660 SF building in Midland, TX.

6213 FM 307, Midland, TX 79706

View Details
$2,500,000

5,500 SF

Multi-Use Property in Midland, TX

New construction, multi-use property with commercial and residential potential.

5801 E Loop 250, Midland, TX 79706

View Details
$1,200,000

6,250 SF

Midland Shop/Office Combo on Acres

6250 SF shop/office combo on ~5 acres in Midland, TX.

9807 FM 307, Midland, TX 79706

View Details
$1,400,000

8,386 SF

Downtown Midland Office Building For Sale

Two-story, 8,386 SF office building in downtown Midland, TX.

213 N Main St, Midland, TX 79701

View Details

For sale
Warehouses
TX
Midland
3510 N County Rd 1148

What type of property is this?

Warehouse - Long-term NNN lease with annual escalations in Midland, TX.

Where is this warehouse located?

The property is located at 3510 N County Rd 1148 Midland, TX.

What is the asking price?

The asking price for this property is $6,357,726.

What are key features of this property?

This property features: Long‑term NNN lease in place through 8/31/2033 with annual escalations.; Strategic location in the NE Quadrant of Midland, TX, within the Permian Basin.; **Large acreage (13.756 acres) and custom improvements uniquely built for pipe handling & servicing.**

3510 N County Rd 1148, Midland, TX

Long-term NNN lease with annual escalations in Midland, TX.

Property Features for 3510 N County Rd 1148

General Information

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Highly Visible Midland Office Building

Spacious Midland Flex/Industrial Property

Midland Commercial Property on 2.85 Acres

Midland Commercial Property on Corner

Multi-Building Industrial Flex Complex

Midland Commercial Property For Sale

Premium Office and Warehouse Space

Versatile Building Near Downtown Midland

Retail Site in Growing Corridor

Multi-Use Property in Midland, TX

Midland Shop/Office Combo on Acres

Downtown Midland Office Building For Sale

FAQs

Create New Password