Midland Industrial Facility For
10110 West County Road 72 Midland, TX 79707
10110 West County Road 72, Midland, TX, 79707
$4,266,667
For Sale
$4,266,667
25,750 SF industrial complex on 11.41 acres in Midland.
Property Size25,750 SF
Lot Size11.41 Acres
Price / SF$165.70
Days on Market64
Property Features for 10110 West County Road 72
General Information
- Standard status
- Active
- Size
- 25,750 SF
- Lot size
- 11.41 Acres
- Property subtype
- Industrial - Manufacturing
Building Details
- Year Built
- 2025
Listing Agency
NRG Realty Group
Listed by
Dakota Flowers
Source
Commercialcafe
Added: May 15 Checked: Jul 17 at 5:12 am
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
Investment Insights
Based on property information with market context.
Located off North FM 1788 in Midland, Texas, this 25,750-square-foot industrial facility is situated on 11.14 acres. The property is approximately 6 miles north of I-20, about 1 mile west of State Highway 349, and around 7 miles from Midland International Airport. It features 2,500 SF of integrated office space, a 6,250 SF main shop equipped with a 20-ton overhead crane, a 15,000 SF paint shop, and two 1,000 SF welding shops. The property has substantial acreage supporting ample yard space. It is currently leased under a 10-year triple net (NNN) agreement, which commenced on July 3, 2025, and expires on July 2, 2035, at $32,000 per month ($1.24/SF/month or $14.91/SF/year). The property is suited for oilfield services, fabrication, and equipment operations. The location has unrestricted zoning and supports adaptable industrial deployment. It is positioned in an oil and gas service company hub, offering positioning for heavy-duty operations in the Permian Basin.
Key Highlights
- Long‑term (10‑year) NNN lease in place, commencing July 3, 2025, providing predictable, low‑maintenance income.
- High‑demand industrial submarket in the Permian Basin.
- 25,750 SF industrial facility on 11.14 acres, featuring integrated office space, crane‑served main shop, dedicated paint shop, and specialized welding facilities.
Local Financial Insights For Office B
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 | $494.4k | $19.20 |
| − Vacancy | −$79.1k | −$3.07 |
| EGI | $415.3k | $16.13 |
| − OpEx | −$103.8k | −$4.03 |
| NOI | $311.5k | $12.10 |
25,750 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.45M
$3.89M – $5.19M
NOI $311,472 @ 7.0% cap · market cap 7.30%
Second Best
Industrial
$3.30M
$2.89M – $3.85M
NOI $230,976 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$6.07M
$5.31M – $7.09M
NOI $425,184 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - 25,750 SF industrial complex on 11.41 acres in Midland.
Where is this manufacturing property located?
The property is located at 10110 West County Road 72 Midland, TX.
What is the asking price?
The asking price for this property is $4,266,667.
What are key features of this property?
This property features: Long‑term (10‑year) NNN lease in place, commencing July 3, 2025, providing predictable, low‑maintenance income.; High‑demand industrial submarket in the Permian Basin.; **25,750 SF industrial facility on 11.14 acres**, featuring integrated office space, crane‑served main shop, dedicated paint shop, and specialized welding facilities.
