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    3510 N County Road 1148 Midland, TX 79705

    For Sale
    $6,357,726

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

    Property size:
    35,986 SF
    Lot size:
    13.07 Acres

    Property Features for 3510 N County Road 1148

    General Information

    Size
    35,986 SF
    Lot size
    13.07 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

    Midland Industrial Property For Sale

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel Food Market

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

    Similar Places Nearby

    Loop 250 Boat & RV Storage

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -101.991207
    Latitude
    32.061573

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    FAQs

    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 Road 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.**
    (214) 534-7976
    Request Owner's contact information
    3510 N County Road 1148 Midland, TX 79705
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    Midland, TX 79705
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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
    3510 N County Road 1148 Midland, TX 79705
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