Commercial
For Sale
$1,790,000
1814 E County Rd 120, Midland, TX 79706
Three-acre commercial land parcel identified for commercial and industrial purposes.
Property Size12,000 SF
Price / SF$149.17
Days on Market89
Property Features for 1814 E County Rd 120
General Information
Standard status
Active
Size
12,000 SF
Building Details
Year Built
2019
Listing Agency:
eXp Realty LLC
Listed By:
Yvonne Rosas · License #716775
(432) 202-0069
Source:
Rickerlooney
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 7 at 1:21PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This commercial land offering encompasses 3 acres at 1814 E County Rd 120 in Midland, Texas. The property is identified for commercial and industrial purposes, providing a sizable land component for businesses considering operations, expansion, or relocation. The source information also describes potential applications including a headquarters, operations center, service facility, or distribution hub.
Key Highlights
- 3‑acre commercial and industrial property
- Located at 1814 E County Rd 120, Midland, TX 79706
- Identified for headquarters, operations center, service facility, or distribution hub use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,639
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,152,780
$2.2M
Cap Rate 7%
$1,537,700
$1.5M
Cap Rate 9%
$1,195,989
$1.2M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$162.7K $13.56/SF
− Vacancy
−$8.9K −$0.75/SF
EGI
$153.8K $12.81/SF
− OpEx
−$46.1K −$3.84/SF
NOI
$107.6K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,152,780
Cap Rate 7%
$1,537,700
Cap Rate 9%
$1,195,989
Alternative Uses
Best Use
Industrial
$1.54M
$1.35M – $1.79M
NOI $107,639 @ 7.0% cap · market cap 6.01%
Second Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,581 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,144 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Three-acre commercial land parcel identified for commercial and industrial purposes.
Where is this commercial land located?
The property is located at 1814 E County Rd 120 Midland, TX.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: 3‑acre commercial and industrial property; Located at 1814 E County Rd 120, Midland, TX 79706; Identified for headquarters, operations center, service facility, or distribution hub use
