Highway Frontage Industrial
For Sale
Contact for pricing
13100 State Highway 191, Midland, TX
Industrial property with excellent access and visibility on Highway 191.
Property Size4,400 SF
Lot Size3.06 Acres
Price / SF$272.73
Days on Market590
Property Features for 13100 State Highway 191
General Information
Standard status
Active
Size
4,400 SF
Lot size
3.06 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NRG Realty Group - Dallas/Fort Worth
(214) 432-7930
Listed By:
Justin Dodd · License #9004023
(214) 534-7976
Source:
Moodyscre
Added: Mar 21, 2025
Changed: Jul 6
Last Checked: Oct 30 at 1:00PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial property, encompassing 4,400 square feet, is situated with frontage on Highway 191, offering notable access and visibility. Highway 191 serves as a connector between Midland and Odessa, making this location a preferred choice for energy and industrial sector companies. The property benefits from convenient access to major thoroughfares and employee bases in both cities, as well as proximity to oil and gas activity.
Key Highlights
- Highway 191 frontage with excellent access and visibility.
- High preference location for energy and industrial companies.
- Connects Midland and Odessa.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,468
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,360
$789.4K
Cap Rate 7%
$563,829
$563.8K
Cap Rate 9%
$438,533
$438.5K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$59.7K $13.56/SF
− Vacancy
−$3.3K −$0.75/SF
EGI
$56.4K $12.81/SF
− OpEx
−$16.9K −$3.84/SF
NOI
$39.5K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,360
Cap Rate 7%
$563,829
Cap Rate 9%
$438,533
Alternative Uses
Best Use
Industrial
$563.8K
$493.4K – $657.8K
NOI $39,468 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$908.2K – $1.21M
NOI $72,653 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property with excellent access and visibility on Highway 191.
Where is this industrial property located?
The property is located at 13100 State Highway 191 Midland, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Highway 191 frontage with excellent access and visibility.; High preference location for energy and industrial companies.; Connects Midland and Odessa.
