1317 W County Rd 114, Midland, TX 79706
- Added:
- Apr 3, 2026
- Days on Market:
- 97
- Last Refresh:
- Jul 8 at 3:06 pm
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.
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.
- Fully enclosed with a solid metal privacy fence and covered parking.
- Full insulation throughout the shop and office space.
- Utilities in place with a water well and septic system.
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.0792776
- Latitude
- 31.9635997