Industrial Warehouse with
For Sale
$1,699,999
2416 E County Rd 130, Midland, TX 79706
8,750 SF warehouse on 2.52 acres with fenced yard.
Property Size8,750 SF
Lot Size2.52 Acres
Price / SF$194.29
Days on Market201
Property Features for 2416 E County Rd 130
General Information
Standard status
Active
Size
8,750 SF
Lot size
2.52 Acres
Building Details
Year Built
2023
Listing Agency:
NRG Realty Group, LLC
Listed By:
Amy Brasher Barnett · License #514276
(432) 352-6714
Source:
Billlanier
Added: Mar 27
Changed: Oct 2
Last Checked: Oct 7 at 4:22PM
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, LLC
Investment Insights
Based on property information with market context.
This 8,750 SF industrial warehouse is situated on 2.52 acres within a newly developing industrial park located on E. County Road 130. The property includes 1,500 SF of office space, featuring 4 private offices, 2 restrooms, a conference room, and a break room. The fully insulated shop provides 6,000 SF of space and includes (1) 5-ton crane, 3 drive-through bays, and 1 drive-in bay accessible from the 1,250 SF covered wash-bay area, which is equipped with 14’ x 16’ overhead doors and drainage to an underground tank. The yard is fully fenced and secured. The property is equipped with Single-Phase power and a septic system.
Key Highlights
- 8,750 SF industrial warehouse on 2.52 Acres in a developing industrial park.
- 6,000 SF insulated shop with (1) 5‑ton crane.**
- Three drive‑through bays plus one drive‑in bay from wash‑bay.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,306
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,120
$1.9M
Cap Rate 7%
$1,361,514
$1.4M
Cap Rate 9%
$1,058,956
$1.1M
Market Conditions
NOI Build-Up for 8,750 SF
Gross rent
$118.7K $13.56/SF
− Vacancy
−$6.5K −$0.75/SF
EGI
$112.1K $12.81/SF
− OpEx
−$16.8K −$1.92/SF
NOI
$95.3K $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 Rate 5%
$1,906,120
Cap Rate 7%
$1,361,514
Cap Rate 9%
$1,058,956
Alternative Uses
Best Use
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,306 @ 7.0% cap · market cap 5.61%
Second Best
Industrial
$1.12M
$981.1K – $1.31M
NOI $78,487 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,480 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
46
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 8,750 SF warehouse on 2.52 acres with fenced yard.
Where is this warehouse located?
The property is located at 2416 E County Rd 130 Midland, TX.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: 8,750 SF industrial warehouse on 2.52 Acres in a developing industrial park.; 6,000 SF insulated shop with (1) 5‑ton crane.**; Three drive‑through bays plus one drive‑in bay from wash‑bay.
