1317 W County Rd 114 Midland, TX 79706
COMMERCIAL - Midland, TX
- Added:
- Apr 3, 2026
- Days on Market:
- 103
- Last Refresh:
- Jul 14 at 4:06 am
Property Features for 1317 W County Rd 114
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,140 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Description
- Acres: 0.500, N 129.5' OF BLK: 003, LOT: 013, ADDN: SOUTH 349 ACRES
- Tax Annual Amount
- 1289
Building Details
- Year built
- 2017
Listing agent Lauren Greenhaw (432) 260-0810
Listing office Heritage Real Estate 5030 E University Suite B 401, Odessa, TX (432) 701-0550
Listing date Apr 3, 2026
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located in Midland, TX, about half a mile from Interstate 20, providing straightforward regional access for businesses that require both a secure work yard and an office component.
The layout is well suited for owner-users and tenants that want an all-in-one setup, pairing shop space and functional office area within a fully enclosed, secured property. With the overhead door capacity, insulated building shell, and three-phase power, the site supports a range of industrial and flex applications where vehicle and equipment access matter, while the office space accommodates day-to-day operations from the same address.
Key Highlights
- Strategically located just half a mile from Interstate 20.
- Versatile 40' x 60' shop with a 20' x 40' office space.
- Features 14' overhead doors and a 3‑phase electrical supply.
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 | $60.3k | $19.20 |
| − Vacancy | −$9.6k | −$3.07 |
| EGI | $50.6k | $16.13 |
| − OpEx | −$12.7k | −$4.03 |
| NOI | $38.0k | $12.10 |