Warehouse and Flex Commercial
New
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 Market4
Property Features for 1814 E County Rd 120
General Information
Property type
Residential
Property subtype
Office
Fencing
Fenced, Chain Link
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 #0716775
(432) 202-0069
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 30 at 10:06PM
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.
This for-sale warehouse and flex commercial site includes a 12,000-square-foot building on a 3-acre lot. The property is positioned for a range of commercial and industrial uses consistent with a warehouse/flex configuration.
The address is 1814 E County Rd 120, Midland, Texas 79706, in Midland County. The listing provides the core site metrics and location details for due diligence and planning.
Additional property specifics beyond the building size and land area are not provided in the available information.
The address is 1814 E County Rd 120, Midland, Texas 79706, in Midland County. The listing provides the core site metrics and location details for due diligence and planning.
Additional property specifics beyond the building size and land area are not provided in the available information.
Key Highlights
- 2019‑built 3‑acre commercial/industrial property
- Metal roof and metal siding with metal construction
- Well water source and private sewer
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
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 - For sale industrial property at 1814 E County Rd 120 with a 12,000-square-foot warehouse and 3-acre lot.
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: 2019‑built 3‑acre commercial/industrial property; Metal roof and metal siding with metal construction; Well water source and private sewer
