Versatile Industrial Property with Living
For Lease
Contact for pricing
5819A W CR 123, Midland, TX 79706
Industrial asset featuring shop, office, living quarters, and covered parking.
Space Size11,250 SF
Lot Size4.17 Acres
Days on Market844
Property Features for 5819A W CR 123
General Information
Standard status
Active
Size
11,250 SF
Lot size
4.17 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Spaces For Lease
at 5819A W CR 123 Contact us- Floor
- Bldg
- Size
- 11,250 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
Industrial for Lease $18,750/Mo
•11,250 SF Building on 4.172 Acres + 1,2500 SF Covered Parking
•2,500 SF Office...
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Listing Agency:
The Real Estate Ranch
(432) 260-0088
Listed By:
Larry Nielsen
(432) 260-0088
Source:
Moodyscre
Added: May 8, 2024
Changed: Aug 8
Last Checked: Aug 29 at 1:52PM
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 The Real Estate Ranch
Investment Insights
Based on property information with market context.
This industrial property is located in a busy industrial park south of I-20 and S Loop 250 W. The property includes an 11,250-square-foot building on 4.172 acres, along with an additional 1,250 square feet of covered parking. The 2,500-square-foot office space contains four offices, a lab or fifth office, a large conference or training area, a copy or print center, and a large breakroom. The 5,000-square-foot warehouse features four drive-in bays with 16-foot by 20-foot overhead doors, a supervisor's office, and a restroom with washer and dryer hookups. The second story provides 2,500 square feet of living quarters, including a central kitchen, living room, and five bedrooms, each with its own full bathroom and closet space. A 1,250-square-foot covered wash bay is situated at the back of the shop. The 4.172-acre site is fully stabilized with 6-inch caliche and fenced with 3-strand security fencing. The property is located in the county and serviced by 3-Phase/480V power, a water well, and septic. ATT Fiber is available in the industrial park.
Key Highlights
- 11,250 SF building on 4.172 acres in a prime industrial park location near I‑20 and S Loop 250 W.
- Enjoy 2,500 SF of second story living quarters featuring 5 bedrooms, each with a full bathroom and closet.**
- 5,000 SF shop with 4 drive‑in bays boasting 16’ x 20’ overhead doors.**
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79706, TX
31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
Market
Lease Benchmarks for Midland, TX
$20.75 /SF/Yr
Avg Asking Price
$10.43–$27.5 /SF/Yr
Price Range
10,765 SF
Avg Space Size
This space is priced 4% below the average of $20.75 /SF/Yr.
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial asset featuring shop, office, living quarters, and covered parking.
Where is this flex space located?
The property is located at 5819A W CR 123 Midland, TX.
What is the lease rate?
The lease rate is $18,750/Mo.
What are key features of this property?
This property features: 11,250 SF building on 4.172 acres in a prime industrial park location near I‑20 and S Loop 250 W.; Enjoy 2,500 SF of second story living quarters featuring 5 bedrooms, each with a full bathroom and closet.**; 5,000 SF shop with 4 drive‑in bays boasting 16’ x 20’ overhead doors.**
