Industrial
For Sale
$395,000
1305 County Rd 114, Midland, TX 79706
Built in 1983 for industrial use.
Property Size4,000 SF
Price / SF$98.75
Days on Market58
Property Features for 1305 County Rd 114
General Information
Standard status
Active
Size
4,000 SF
Building Details
Year Built
1983
Listing Agency:
Lance Brock Real Estate
Listed By:
Lance Brock · License #6490180
(432) 697-0500
Source:
Billlanier
Added: Aug 17
Changed: Oct 10
Last Checked: Oct 7 at 1:06PM
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 Lance Brock Real Estate
Investment Insights
Based on property information with market context.
This industrial property provides 4,000 square feet of building area and was constructed in 1983. The asset is located at 1305 County Rd 114 in Midland, Texas.
Key Highlights
- 4,000 SF industrial property
- Constructed in 1983
- Located at 1305 County Rd 114, Midland, TX 79706
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,880
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,600
$717.6K
Cap Rate 7%
$512,571
$512.6K
Cap Rate 9%
$398,667
$398.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$54.2K $13.56/SF
− Vacancy
−$3.0K −$0.75/SF
EGI
$51.3K $12.81/SF
− OpEx
−$15.4K −$3.84/SF
NOI
$35.9K $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%
$717,600
Cap Rate 7%
$512,571
Cap Rate 9%
$398,667
Alternative Uses
Best Use
Industrial
$512.6K
$448.5K – $598.0K
NOI $35,880 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$943.5K
$825.6K – $1.10M
NOI $66,048 @ 7.0% cap · market cap 16.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 79706, TX
31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial property - Built in 1983 for industrial use.
Where is this industrial property located?
The property is located at 1305 County Rd 114 Midland, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 4,000 SF industrial property; Constructed in 1983; Located at 1305 County Rd 114, Midland, TX 79706
