Industrial Property with Large
1902 Clark St Midland, TX 79701
For Sale
Contact for pricing
Fenced 2.024 acres with shops and carport.
Property Size10,250 SF
Lot Size2.02 Acres
Price / SF$146.34
Days on Market1425
Property Features for 1902 Clark St
General Information
- Standard status
- Active
- Size
- 10,250 SF
- Lot size
- 2.02 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1998
Listing Agency:
The Sales Team Realtors
(432) 853-5100
Listed By:
Brian Sales · License #TX 592140
Source:
Crexi
Added: Aug 30, 2022
Changed: Jul 6
Last Checked: Jul 24 at 4:55PM
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 The Sales Team Realtors
Investment Insights
Based on property information with market context.
This industrial property features 10,250 square feet of shop space on a fenced 2.024-acre lot. The property includes a front shop measuring 50x75 feet and a back shop measuring 65x100 feet. Additionally, there is a covered metal carport/shed providing 5,750 square feet of covered area, with dimensions of 35x50 feet and 40x100 feet. A manufactured home is present on the property and can be used as office space. The location is situated north of the Horseshoe Arena, offering convenient access to Cotton Flat and the I-20 Service Road. The property is located in a windowpane area, outside of city limits, and is not subject to city taxes.
Key Highlights
- Two large shops totaling 10,250 sf (50x75 and 65x100).
- 2.024 acre fenced lot.
- No city taxes due to location outside city limits.
Financial Insights For Industrial
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 | $139.0k | $13.56 |
| − Vacancy | −$7.6k | −$0.75 |
| EGI | $131.3k | $12.81 |
| − OpEx | −$39.4k | −$3.84 |
| NOI | $91.9k | $8.97 |
10,250 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.31M
$1.15M – $1.53M
NOI $91,942 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,248 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
FAQs
What type of property is this?
Industrial property - Fenced 2.024 acres with shops and carport.
Where is this industrial property located?
The property is located at 1902 Clark St Midland, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two large shops totaling 10,250 sf (50x75 and 65x100).; 2.024 acre fenced lot.; No city taxes due to location outside city limits.
