Industrial Warehouse with
For Sale
$900,000
1500 Loop 250N, Midland, TX 79706
COMMERCIAL - Midland, TX
Property Size4,844 SF
Lot Size0.57 Acres
Price / SF$185.80
Days on Market13
Property Features for 1500 Loop 250N
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
4,844 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Description
Acres: 0.574, Blk: Lot:003 less W .50, Addn: Westgate Acres
Tax Annual Amount
2774
Legal Description
Acres: 0.574, Blk: Lot:003 less W .50, Addn: Westgate Acres
Building Details
Year built
1958
Listing Agency:
Black Orchid Real Estate
(432) 813-3538
Listed By:
Sharon Horton
(432) 853-7875
Added: Jul 19
Last Checked: Jul 31 at 6:06AM
MLS# 50096877
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.
Industrial flex-style property offered for sale in Midland, TX. The site includes numerous outbuildings and a main warehouse area totaling 4,844 square feet, situated on 0.574 acres. The property also features water well located inside and two restrooms.
The address is 1500 Loop 250N, Midland, TX 79706.
The address is 1500 Loop 250N, Midland, TX 79706.
Key Highlights
- 1958‑built commercial property with numerous outbuildings
- Sits on 0.574 acres
- Includes a water well located on‑site
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 | $65.7k | $13.56 |
| − Vacancy | −$3.6k | −$0.75 |
| EGI | $62.1k | $12.81 |
| − OpEx | −$9.3k | −$1.92 |
| NOI | $52.8k | $10.89 |
4,844 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$753.7K
$659.5K – $879.4K
NOI $52,761 @ 7.0% cap · market cap 5.86%
Second Best
Industrial
$620.7K
$543.1K – $724.2K
NOI $43,450 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$1.14M
$999.8K – $1.33M
NOI $79,984 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cookhouse Catering — 3500 N A St #1700, Midland, TX 79705
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex-style property on 0.574 acres with multiple outbuildings, two restrooms, and an on-site water well.
Where is this flex space located?
The property is located at 1500 Loop 250N Midland, TX.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1958‑built commercial property with numerous outbuildings; Sits on 0.574 acres; Includes a water well located on‑site
