20,800 SF Industrial
For Sale
Contact for pricing
1701 E County Rd 140, Midland, TX
Industrial facility on 19.4 acres with multiple buildings.
Property Size20,800 SF
Lot Size18.90 Acres
Price / SF$243.24
Days on Market433
Property Features for 1701 E County Rd 140
General Information
Standard status
Active
Size
20,800 SF
Lot size
18.90 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 1701 E County Rd 140 Contact us- Floor
- Bldg
- Size
- 8,700 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1701 E County Rd 140
- Well-maintained industrial facility for lease with 8,700 SF under roof situated...
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Contact us
Listing Agency:
Moriah Brokerage Services
(512) 977-8596
Listed By:
Jack Oduro · License #9004023
(512) 977-8596
Source:
Moodyscre
Added: Jun 24, 2025
Changed: Aug 11
Last Checked: Aug 29 at 7:46AM
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 Moriah Brokerage Services
Investment Insights
Based on property information with market context.
This industrial facility, constructed in 2015, offers 20,800 square feet of space on a 19.4-acre site. The primary building encompasses 14,800 square feet, including 1,600 square feet of office space and a 13,200-square-foot shop area. It features a 20-foot eave height, is crane-ready, and has eight 14'x14' bay doors, along with 3-phase power. A secondary building provides an additional 6,000 square feet with a 20-foot eave height, three 14'x14' bay doors, a 2-ton jib crane, and 3-Phase/230V power. The site includes a wash-bay/steam cleaner, an underground tank, a man camp with thirteen 2-bed units with a shared living area, a private fuel station, and a water well.
Key Highlights
- 20,800 SF total building space on 19.4 acres, providing ample room for operations and expansion.
- Primary building is crane‑ready with 20' eave height and (8) 14'x14' bay doors.
- Includes a secondary 6,000 SF building with a 2‑ton Jib Crane.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$226,555
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,531,100
$4.5M
Cap Rate 7%
$3,236,500
$3.2M
Cap Rate 9%
$2,517,278
$2.5M
Market Conditions
NOI Build-Up for 20,800 SF
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.
Gross rent
$282.0K $13.56/SF
− Vacancy
−$15.5K −$0.75/SF
EGI
$266.5K $12.81/SF
− OpEx
−$40.0K −$1.92/SF
NOI
$226.6K $10.89/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,531,100
Cap Rate 7%
$3,236,500
Cap Rate 9%
$2,517,278
Alternative Uses
Best Use
Warehouse
$3.24M
$2.83M – $3.78M
NOI $226,555 @ 7.0% cap · market cap 4.48%
Second Best
Industrial
$2.67M
$2.33M – $3.11M
NOI $186,575 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$4.91M
$4.29M – $5.72M
NOI $343,450 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility on 19.4 acres with multiple buildings.
Where is this manufacturing property located?
The property is located at 1701 E County Rd 140 Midland, TX.
What is the asking price?
The asking price for this property is $5,059,459.
What are key features of this property?
This property features: 20,800 SF total building space on 19.4 acres, providing ample room for operations and expansion.; Primary building is crane‑ready with 20' eave height and (8) 14'x14' bay doors.; Includes a secondary 6,000 SF building with a 2‑ton Jib Crane.
