Property profile

2222 Commerce Dr Midland, TX 79703

OFF-MARKET
Warehouses
Property ID
US83-3852435
43,715 SF 5.4 ac lot Built 1979
Entity Owned
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Property summary

AI-generated overview

This ±43,715 square foot industrial facility presents a compelling owner-user opportunity in Midland, Texas. Situated on approximately 5.4 acres, this property boasts a prime location off South Loop 250 West and Interstate 20, offering excellent accessibility. The building, constructed in 1979, includes approximately 17,640 square feet of office space featuring 56 private offices, a reception area, a large training room, two large conference rooms, multiple restrooms, and dedicated IT and security rooms. The warehouse component encompasses approximately 26,075 square feet, with clear heights ranging from 8 to 17 feet. This area is equipped with a ½-ton jib crane, a 2-ton hoist, gas heaters, and multiple overhead doors (two 14'x14' and one 10'x13'). Additional features include a weather shelter basement, several shop offices, and covered equipment storage. The property is located outside city limits but benefits from city utilities and heavy 3-phase power supplied by multiple transformers. Security is ensured by a fully fenced perimeter with two access gates. The asking price is $2,000,000, translating to $45.75 per square foot. The property is vacant and offered under a NNN lease type. The permitted zoning is Outside City Limits. This exceptional facility is ideal for businesses seeking a substantial and well-equipped industrial space in a strategic location.

Property profile

Verified
Property type Warehouses
Year built 1979
Total area 43,715 SF
Lot 5.4 ac (235,224 SF)
UPID US83-3852435

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Professional Services

Location

2222 Commerce Dr Midland, TX 79703
Midland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2026
2 recorded transactions
2026
Price N/A
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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