Midland Industrial/Flex Space
2600 S County Rd 1242, Midland, TX 79706
For Sale
Contact for pricing
Fully occupied industrial/flex space in Midland, TX, with value-add potential.
Property Size82,994 SF
Price / SF$156.64
Days on Market835
Property Features for 2600 S County Rd 1242
General Information
Standard status
Size
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Coldwell Banker Commercial Capital Advisors
Listed By:
Jordan Wood
(806) 317-4666
Source:
Crexi
Added: Jul 29, 2024
Changed: Oct 26
Last Checked: Nov 10 at 6:32AM
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 Coldwell Banker Commercial Capital Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located just outside the southwest city limits of Midland, TX, Capstone Industrial Park presents an investment opportunity. The property, situated off Business I-20, offers visibility and access. Its location, within one mile of the developing Tradewinds Blvd Corridor, provides access to entertainment, restaurants, and retail. The industrial/flex space property includes 10 units, totaling 82,994 square feet, designed for a diverse tenant mix. The property offers versatile use options to investors. The property is currently 100% occupied and features a caliche yard, ample parking, and high ceilings. Its location near major transportation routes enhances its appeal.
Key Highlights
- 100% Occupancy: Provides immediate and consistent income stream.
- Strong NOI and Cap Rate: $1,085,129 NOI and an 8.38% cap rate indicate a solid return on investment.
- Strategic Location: Situated just outside Midland city limits with excellent visibility and access off Business I‑20, near the developing Tradewinds Blvd Corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$744,451
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,889,020
$14.9M
Cap Rate 7%
$10,635,014
$10.6M
Cap Rate 9%
$8,271,678
$8.3M
Market Conditions
NOI Build-Up for 82,994 SF
Gross rent
$1.13M $13.56/SF
− Vacancy
−$61.9K −$0.75/SF
EGI
$1.06M $12.81/SF
− OpEx
−$319.1K −$3.84/SF
NOI
$744.5K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,889,020
Cap Rate 7%
$10,635,014
Cap Rate 9%
$8,271,678
Alternative Uses
Best Use
Industrial
$10.64M
$9.31M – $12.41M
NOI $744,451 @ 7.0% cap · market cap 5.73%
Second Best
Flex RnD
$10.43M
$9.13M – $12.17M
NOI $730,214 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$19.58M
$17.13M – $22.84M
NOI $1,370,397 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
68
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
$280,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Midland, TX
Properties on Market for Flex space in Midland
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Fully occupied industrial/flex space in Midland, TX, with value-add potential.
Where is this flex space located?
The property is located at 2600 S County Rd 1242 Midland, TX.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: 100% Occupancy: Provides immediate and consistent income stream.; Strong NOI and Cap Rate: **$1,085,129 NOI and an 8.38% cap rate indicate a solid return on investment.**; Strategic Location: Situated just outside Midland city limits with excellent visibility and access off Business I‑20, near the developing Tradewinds Blvd Corridor.
