Fenced Truck Terminal with
2209 County Rd 123 Midland, TX 79706
New
2209 County Rd 123, Midland, TX, 79706
$2,000,000
For Sale
$2,000,000
Includes fueling station and 9,000 SF warehouse with two oversized bays and mechanic shop on just under five fenced acres.
Property Size9,000 SF
Price / SF$222.22
Days on Market3
Property Features for 2209 County Rd 123
General Information
- Standard status
- Active
- Size
- 9,000 SF
Building Details
- Year Built
- 2016
Listing agency
Drennan Real Estate Group
(325) 315-1515
Listed by
Alan Drennan
Source
Billlanier
Added: Jul 20 Updated: Jul 21 at 2:07PM Checked: Jul 21 at 2:07PM
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 Drennan Real Estate Group
Investment Insights
Based on property information with market context.
Positioned on just under 5 fully fenced acres, this versatile industrial property is set up for commercial trucking operations, heavy equipment, or service-based businesses. The site includes a fueling station, a spacious warehouse, two oversized bays, and a dedicated mechanic shop to support on-site maintenance and operations.
Located at 2209 County Rd 123, Midland, TX 79706, the property offers a secure, controlled yard environment with the key infrastructure needed for large-scale industrial activity. Please see the extra documents for additional details and a fuller write-up.
Located at 2209 County Rd 123, Midland, TX 79706, the property offers a secure, controlled yard environment with the key infrastructure needed for large-scale industrial activity. Please see the extra documents for additional details and a fuller write-up.
Key Highlights
- Year built: 2016
- Just under 5 fully fenced acres
- 9,000 SF warehouse with two oversized bays
Local Financial Insights For Specialty Retail
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 | $140.4k | $15.60 |
| − Vacancy | −$9.1k | −$1.01 |
| EGI | $131.3k | $14.59 |
| − OpEx | −$32.8k | −$3.65 |
| NOI | $98.5k | $10.94 |
9,000 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,456 @ 7.0% cap · market cap 4.92%
Second Best
Warehouse
$1.40M
$1.23M – $1.63M
NOI $98,029 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,608 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
RDL Transportation
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Truck terminal - Includes fueling station and 9,000 SF warehouse with two oversized bays and mechanic shop on just under five fenced acres.
Where is this truck terminal located?
The property is located at 2209 County Rd 123 Midland, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Year built: 2016; Just under 5 fully fenced acres; 9,000 SF warehouse with two oversized bays
