Industrial Building with Gated
10800 W County Rd 77 Midland, TX 79707
For Sale
$1,850,000
Modern metal industrial facility with six overhead doors and a gated lot on 2.5 acres.
Property Size10,375 SF
Lot Size2.50 Acres
Price / SF$178.31
Days on Market72
Property Features for 10800 W County Rd 77
General Information
- Standard status
- Active
- Size
- 10,375 SF
- Lot size
- 2.50 Acres
- Property subtype
- Warehouse
Building Details
- Year Built
- 2018
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5230
Listed By:
Davis Cagle · License #License(s): TX: 722097
(972) 755-5230
Source:
Marcusmillichap
Added: May 14
Changed: Jul 22
Last Checked: Jul 23 at 2:39AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This industrial property totals 10,375 square feet and was delivered in 2018. The building is constructed with metal improvements and features six overhead doors. An on-site gated lot adds controlled access and helps support a secure operating environment.
The property is located between Midland and Odessa, just north of State Highway 191, providing straightforward access to major transportation routes.
For sale as a triple net lease investment, the property is fully occupied by Infrastructure Networks, a remote communications solutions provider for the oil and gas industry. The lease has approximately five years remaining with 2% annual rent escalations, and the tenant is responsible for expenses under the lease structure.
The property is located between Midland and Odessa, just north of State Highway 191, providing straightforward access to major transportation routes.
For sale as a triple net lease investment, the property is fully occupied by Infrastructure Networks, a remote communications solutions provider for the oil and gas industry. The lease has approximately five years remaining with 2% annual rent escalations, and the tenant is responsible for expenses under the lease structure.
Key Highlights
- 10,375 SF industrial facility built in 2018 on 2.50 acres
- Metal construction with six overhead doors
- Gated lot for added security
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 | $140.7k | $13.56 |
| − Vacancy | −$7.7k | −$0.75 |
| EGI | $132.9k | $12.81 |
| − OpEx | −$19.9k | −$1.92 |
| NOI | $113.0k | $10.89 |
10,375 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.61M
$1.41M – $1.88M
NOI $113,005 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.14M – $2.86M
NOI $171,312 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Infrastructure Networks
Telecommunications Service
Similar Off Market Nearby
- 191 storage llc — 10408 TX-191 Frontage, Midland, TX 79707
FAQs
What type of property is this?
Warehouse - Modern metal industrial facility with six overhead doors and a gated lot on 2.5 acres.
Where is this warehouse located?
The property is located at 10800 W County Rd 77 Midland, TX.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 10,375 SF industrial facility built in 2018 on 2.50 acres; Metal construction with six overhead doors; Gated lot for added security
