Fenced Warehouse with Metal
For Sale
$1,849,000
1814 E County Rd 120, Midland, TX 79706
SINGLE_FAMILY - Midland, TX
Property Size12,000 SF
Lot Size3.00 Acres
Price / SF$154.08
Days on Market9
Property Features for 1814 E County Rd 120
General Information
Property type
Residential
Property subtype
Office
Fencing
Chain Link, Fenced
Subdivision
39-T2S
Lot features
Security, Lighted Parking
Standard status
Active
APN
00003920.013.6900
Size
12,000 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Annual Amount
13134
Utilities
Sewer type
Private Sewer
Water source
Well
Building Details
Year built
2019
Building materials
Metal Construction, Metal Siding
Roof type
Metal
Listing Agency:
eXp Realty LLC
(888) 519-7431
Listed By:
Yvonne Rosas · License #716775
(432) 202-0069
Added: Jul 27
Changed: Aug 4
Last Checked: Aug 4 at 9:06PM
MLS# 176474
Copyright © 2026 Odessa 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.
Warehouse space on a 3-acre site at 1814 E County Rd 120 in Midland, Texas. The property totals 12,000 square feet and was built in 2019, with metal construction and metal siding under a metal roof.
Site improvements include fencing with chain-link material. Utilities are served by a well for water and private sewer.
This warehouse configuration is suited for commercial or industrial users seeking a flexible operations, service, or distribution setup within Midland’s Energy Corridor, with room for on-site needs reflected by the 3-acre lot size.
Site improvements include fencing with chain-link material. Utilities are served by a well for water and private sewer.
This warehouse configuration is suited for commercial or industrial users seeking a flexible operations, service, or distribution setup within Midland’s Energy Corridor, with room for on-site needs reflected by the 3-acre lot size.
Key Highlights
- 3‑acre commercial/industrial site in Midland, TX
- 12,000 SF warehouse space
- Built in 2019 with metal construction and metal siding
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 | $162.7k | $13.56 |
| − Vacancy | −$8.9k | −$0.75 |
| EGI | $153.8k | $12.81 |
| − OpEx | −$23.1k | −$1.92 |
| NOI | $130.7k | $10.89 |
12,000 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.87M
$1.63M – $2.18M
NOI $130,705 @ 7.0% cap · market cap 7.07%
Second Best
Industrial
$1.54M
$1.35M – $1.79M
NOI $107,639 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$2.83M
$2.48M – $3.30M
NOI $198,144 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
73
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
$280,500
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Midland, TX
Properties on Market for Warehouses in Midland
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
- United Rentals - Storage Containers and Mobile Offices — 2636 S CR-1180, Midland, TX 79706
Frequently Asked Questions
What type of property is this?
Warehouse - 2019 metal-sided, fenced warehouse with well water and private sewer in the Midland Energy Corridor.
Where is this warehouse 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 $1,849,000.
What are key features of this property?
This property features: 3‑acre commercial/industrial site in Midland, TX; 12,000 SF warehouse space; Built in 2019 with metal construction and metal siding
