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Midland Warehouse with Outdoor Storage

1311 E County Rd 119 Midland, TX

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6,750 SF warehouse on 3.65 acres near Interstate 20.

Type:INDUSTRIAL
Property size:
6,750 SF
Lot size:
4.29 Acres
Price / SF:
$197/SF
Added:
Mar 26, 2025
Days on Market:
472
Last Refresh:
May 20 at 8:45 pm

Property Features for 1311 E County Rd 119

General Information

Standard status
Active
Size
6,750 SF
Lot size
4.29 Acres
Property subtype
INDUSTRIAL

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


Investment Insights

Based on property information with market context.

This property features a 6,750 square foot building on 3.65 acres, located just south of Interstate 20 in Midland, Texas. Constructed in 2019, the building includes 1,750 square feet of office space and 5,000 square feet of warehouse space. The property is currently occupied by Express Energy Services, a leading oilfield services company, under a single tenant net lease. The lease is a triple-net lease with auto-renewal options and is in effect through January 31, 2028. The property has city water and septic sewer. It also features six 16-foot overhead doors. The operating expenses include billing the tenant for property management, structural repairs, property taxes, and insurance. The property can be expanded and includes outdoor storage.

Key Highlights

  • Single Tenant Net Lease with Auto Renewal Options
  • Occupied by Express Energy Services through 1/31/2028, NNN Lease
  • Strategic Location just South of Interstate 20 in Midland, TX

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $91.5k $13.56
− Vacancy −$5.0k −$0.75
EGI $86.5k $12.81
− OpEx −$13.0k −$1.92
NOI $73.5k $10.89
6,750 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$1.05M
$919.0K – $1.23M (±1% cap)
NOI $73,521 @ 7.0% cap · market cap 5.51%
Second Best
Industrial
$865.0K
$756.8K – $1.01M (±1% cap)
NOI $60,547 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M (±1% cap)
NOI $111,456 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Pegaso Energy Services ... Production Facility

Suggested Use

Real Estate Agency Kitchen & Bath Showroom Furniture & Home Goods Nail Salon (Bike/Boat/Book/etc) Store Spa & Massage Center Bakery (Bike/Boat/Book/etc) Store Electrical Service Big Box & Wholesale Store

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

Similar Off Market Nearby

  • American RV & Boat Storage — Midland, TX 79706
  • DeVaLe Self Storage, Storage Units in Midland, TX 432-413-1770 — 100 e county rd 120, midland, tx 79706
  • Devale Storage Center — 100 E County Rd 120, Midland, TX 79706
  • United Rentals - Storage Containers and Mobile Offices — 2636 S CR-1180, Midland, TX 79706

FAQs

What type of property is this?
Warehouse - 6,750 SF warehouse on 3.65 acres near Interstate 20.
Where is this warehouse located?
The property is located at 1311 E County Rd 119 Midland, TX.
What is the asking price?
The asking price for this property is $1,333,333.
What are key features of this property?
This property features: Single Tenant Net Lease with Auto Renewal Options; Occupied by Express Energy Services through 1/31/2028, NNN Lease; Strategic Location just South of Interstate 20 in Midland, TX
Contact an agent
(214) 534-7976 Call to check price and availability
More about this property
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