Midland Industrial Facility For
For Sale
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2208 E County Rd 130, Midland, TX 79706
8,850 SF industrial facility on 2.91 acres in Midland, TX.
Property Size8,850 SF
Lot Size2.91 Acres
Price / SF$215.35
Days on Market170
Property Features for 2208 E County Rd 130
General Information
Standard status
Active
Size
8,850 SF
Lot size
2.91 Acres
Property subtype
Industrial
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$162,000
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
NRG Realty Group
(432) 363-4777
Listed By:
Justin Dodd · License #9004023
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 8 at 2:36PM
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 NRG Realty Group
Investment Insights
Based on property information with market context.
This 8,850 SF industrial facility is located on 2.91 acres at 2208 E County Rd 130 in Midland, Texas. It offers convenient access to Interstate 20, TX-349, and TX-158. The property includes 1,500 SF of office space and a functional shop layout featuring three drive-through bays and seven 16’ x 14’ overhead doors, supporting efficient logistics, equipment movement, and service-oriented industrial operations. The site configuration and acreage provide operational flexibility. The property is currently 100% leased on a five-year absolute NNN basis. The current rent is $13,500 per month. The lease structure shifts taxes, insurance, and maintenance responsibilities to the tenant. The tenant is a West Virginia-based interstate freight carrier that serves industrial and toll-manufacturing supply chains by transporting raw materials and finished goods for third-party processors. The tenant’s use is operational and logistics-driven, aligning well with the property’s layout and Midland’s industrial economy. The shop features three drive-through bays and seven 14’x16’ overhead bay doors, providing efficient circulation and flexibility for equipment-intensive users. The property allows for quick ingress and egress throughout Midland and the broader Permian Basin, making it well suited for oilfield service, logistics, or industrial users seeking yard space, accessibility, and operational efficiency.
Key Highlights
- 100% leased on a five‑year absolute NNN basis, providing passive income.
- Attractive 8.5% cap rate offering a strong yield profile.
- Functional shop layout with three drive‑through bays and (7) 16’ x 14’ overhead doors.
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
$107,050
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
5.62%
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%
$2,141,000
$2.1M
Cap Rate 7%
$1,529,286
$1.5M
Cap Rate 9%
$1,189,444
$1.2M
Market Conditions
NOI Build-Up for 8,850 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
$169.9K $19.20/SF
− Vacancy
−$27.2K −$3.07/SF
EGI
$142.7K $16.13/SF
− OpEx
−$35.7K −$4.03/SF
NOI
$107.0K $12.10/SF
Area
Midland, TX
Vacancy
16.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,141,000
Cap Rate 7%
$1,529,286
Cap Rate 9%
$1,189,444
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.78M
NOI $107,050 @ 7.0% cap · market cap 5.62%
Second Best
Warehouse
$1.38M
$1.20M – $1.61M
NOI $96,395 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,131 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 8,850 SF industrial facility on 2.91 acres in Midland, TX.
Where is this warehouse located?
The property is located at 2208 E County Rd 130 Midland, TX.
What is the asking price?
The asking price for this property is $1,905,882.
What are key features of this property?
This property features: 100% leased on a five‑year absolute NNN basis, providing passive income.; Attractive 8.5% cap rate offering a strong yield profile.; Functional shop layout with three drive‑through bays and (7) 16’ x 14’ overhead doors.
