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    Midland Industrial Facility For Sale Title is generated by Realmo AI

    10110 West County Road 72, Midland, TX 79707

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    For Sale
    $4,266,667

    25,750 SF industrial complex on 11.41 acres in Midland.

    Type:Industrial - Manufacturing
    Property size:
    25,750 SF
    Lot size:
    11.41 Acres
    Price / SF:
    $165/SF
    Added:
    May 15, 2026
    Days on Market:
    19
    Last Refresh:
    May 15 at 8:19 pm

    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

    We can help!

    Listing Contact
    Dakota Flowers

    Listing agent Dakota Flowers

    Listing office NRG Realty Group

    Listing date May 15, 2026

    Source Commercialcafe

    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

    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.
    • Unrestricted zoning allows for immediate and adaptable industrial deployment.
    • Strategic location approximately 6 miles north of I‑20 and 7 miles from Midland International Airport.
    • 9% capitalization rate based on the $4,266,667 offering price and $32,000 monthly rent.

    Overview

    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.

    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 (±1% cap)
    NOI $311,472 @ 7.0% cap · market cap 7.30%
    Second Best
    Industrial
    $3.30M
    $2.89M – $3.85M (±1% cap)
    NOI $230,976 @ 7.0% cap · market cap 5.41%
    Theoretical Best
    Office A
    $6.07M
    $5.31M – $7.09M (±1% cap)
    NOI $425,184 @ 7.0% cap · market cap 9.97%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath Showroom Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.053833
    Latitude
    32.032608

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    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.
    We can help!
    Listing Contact
    Dakota Flowers
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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