Industrial Facility in Permian
1514 S County Rd 1309, Midland, TX 79707
Call to check price and availability
Single tenant industrial investment opportunity in Midland, Texas.
Type:Industrial
Property size:
52,246 SFLot size:
10.99 AcresPrice / SF:
$222/SF- Added:
- Feb 17, 2026
- Days on Market:
- 98
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 1514 S County Rd 1309
General Information
- Standard status
- Active
- Size
- 52,246 SF
- Lot size
- 10.99 Acres
- Property subtype
- Industrial
Listing agent Justin Dodd License #9004023
Listing office NRG Realty Group (432) 363-4777
Listing date Feb 17, 2026
Source Crexi
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 NRG Realty Group
HighLights
- Stable income stream with a long‑term NNN lease expiring April 17, 2031, leased to Drilling Tools International (DTI).
- Strategic location in the heart of the Permian Basin (Midland, TX).
- Established tenant: DTI is a publicly traded (NASDAQ: DTI) company.
- Specialized industrial facility with 52,246 square feet across 4 buildings.
- Favorable NNN lease terms transfer property responsibilities to the tenant.
- Functional features include multiple bridge and jib cranes, eight grade‑level drive‑in doors, and multiple wash bays.
Overview
This industrial investment opportunity features a specialized facility leased to Drilling Tools International, Inc. (DTI), a provider of downhole drilling tools and services to the oil and natural gas industry. The property is located in the Permian Basin. The lease agreement commenced on April 18, 2019, with an expiration date of April 17, 2031, offering a remaining term of 62 months as of February 17, 2026. The fixed monthly rent is $87,254.72, equating to an annual rent of $1,047,056.64. The NNN lease structure stipulates that the tenant is responsible for property taxes, insurance, management fees (including a 3% property management fee), and roof repairs, all billed monthly. The landlord's obligations are limited to maintaining the roof, structure, foundation, concrete floors, and exterior walls. The property encompasses 52,246 square feet of industrial space across 4 buildings, approximately 10% of which is office space, situated on a 10.99-acre lot. Built in 2012, 2013, & 2016 with durable metal construction, the facility boasts a 29.7’ to 31.8’ warehouse eave height, multiple bridge and jib cranes, eight grade-level drive-in doors, and multiple wash bays.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$7.02M
NOI $631,968 @ 9.00% cap · cautious / downside scenario
Moderate
$9.03M
NOI $631,968 @ 7.00% cap · market / base-case scenario
Aggressive
$12.64M
NOI $631,968 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.00M | $19.20 |
| − Vacancy | −$160.5k | −$3.07 |
| EGI | $842.6k | $16.13 |
| − OpEx | −$210.7k | −$4.03 |
| NOI | $632.0k | $12.10 |
52,246 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$9.03M
$7.90M – $10.53M
NOI $631,968 @ 7.0% cap · market cap 5.43%
Second Best
Industrial
$6.69M
$5.86M – $7.81M
NOI $468,643 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$12.32M
$10.78M – $14.38M
NOI $862,686 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Drilling Tools International, ...
Rental Equipment Company
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.059705
- Latitude
- 32.004865
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Single tenant industrial investment opportunity in Midland, Texas.
Where is this industrial property located?
The property is located at 1514 S County Rd 1309 Midland, TX.
What is the asking price?
The asking price for this property is $11,633,963.
What are key features of this property?
This property features: Stable income stream with a long‑term NNN lease expiring April 17, 2031, leased to Drilling Tools International (DTI).; Strategic location in the heart of the Permian Basin (Midland, TX).; Established tenant: DTI is a publicly traded (NASDAQ: DTI) company.
