Industrial Building with Caliche
For Sale
Contact for pricing
2401 E County Rd 155, Midland, TX
10,000 SF industrial building with a 4.00 AC yard.
Property Size10,000 SF
Lot Size7.87 Acres
Price / SF$249.60
Days on Market273
Property Features for 2401 E County Rd 155
General Information
Standard status
Active
Size
10,000 SF
Lot size
7.87 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 2401 E County Rd 155 Contact us- Floor
- Bldg
- Size
- 10,000 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
2405 E County Rd 155
- 10,000 SF building with quick and easy access to FM 715, Interstate 20 and Garden...
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Listing Agency:
Moriah Brokerage Services
(432) 236-7500
Listed By:
Trey Dennis · License #723150
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 9
Last Checked: Aug 23 at 3:36AM
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 Moriah Brokerage Services
Investment Insights
Based on property information with market context.
This 10,000 SF industrial building offers convenient access to FM 715, Interstate 20, and Garden City Highway. Constructed recently, the property includes an 8,000 SF shop area and a 2,000 SF office space. It is equipped with 3 Phase 480 V Power, fiber internet, a water well, and a septic system. The site features a 4.00 AC caliche base yard, enclosed by perimeter fencing and accessible through two gates. Additionally, there is a 2,000 SF wash bay with a sump system. Located within an industrial development off FM 715, the property is situated 4 miles south of Interstate 20 and less than 3 miles from Garden City Highway. The site is located on a private county road that is planned to be paved by the end of the year. Two months free rent is available for tenants with good credit.
Key Highlights
- 10,000 SF building, featuring an 8,000 SF shop and 2,000 SF office, on 4.00 AC caliche base yard with perimeter fencing and two gates.
- Quick and easy access to FM 715, Interstate 20, and Garden City Hwy.
- Equipped with 3 Phase 480 V Power, Fiber Internet, Water Well, and Septic.
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
$108,921
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
4.36%
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%
$2,178,420
$2.2M
Cap Rate 7%
$1,556,014
$1.6M
Cap Rate 9%
$1,210,233
$1.2M
Market Conditions
NOI Build-Up for 10,000 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
$135.6K $13.56/SF
− Vacancy
−$7.5K −$0.75/SF
EGI
$128.1K $12.81/SF
− OpEx
−$19.2K −$1.92/SF
NOI
$108.9K $10.89/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
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%
$2,178,420
Cap Rate 7%
$1,556,014
Cap Rate 9%
$1,210,233
Alternative Uses
Best Use
Warehouse
$1.56M
$1.36M – $1.82M
NOI $108,921 @ 7.0% cap · market cap 4.36%
Second Best
Industrial
$1.28M
$1.12M – $1.49M
NOI $89,699 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,120 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
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
- Desert RV and Boat Storage — 9913 W County Rd 157, Midland, TX 79706
Frequently Asked Questions
What type of property is this?
Warehouse - 10,000 SF industrial building with a 4.00 AC yard.
Where is this warehouse located?
The property is located at 2401 E County Rd 155 Midland, TX.
What is the asking price?
The asking price for this property is $2,496,000.
What are key features of this property?
This property features: 10,000 SF building, featuring an **8,000 SF shop and 2,000 SF office**, on 4.00 AC caliche base yard with perimeter fencing and two gates.; Quick and easy access to FM 715, Interstate 20, and Garden City Hwy.; Equipped with 3 Phase 480 V Power, Fiber Internet, Water Well, and Septic.
