Warehouse Shop With Wash
New
For Sale
Contact for pricing
2610 E County Rd 130, Midland, TX 79706
Fenced industrial facility with office space, overhead doors, crane-ready structure, and dedicated wash-bay improvements.
Property Size8,750 SF
Lot Size2.69 Acres
Price / SF$180
Days on Market5
Property Features for 2610 E County Rd 130
General Information
Standard status
Active
Size
8,750 SF
Lot size
2.69 Acres
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
22 ft
Warehouse Space
6,000 SF
Office Build-Out
1,500 SF
Drive-In Doors
3
Three-Phase Power
Yes
Building Details
Building Size
8,750 SF
Listing Agency:
NRG Realty Group
Listed By:
Justin Dodd · License #9004023
(432) 363-4777
Source:
Crexi
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 18 at 5:49AM
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
Investment Insights
Based on property information with market context.
This 8,750 SF warehouse property occupies 2.69 acres and combines office, shop, and service-oriented improvements. The 1,500 SF office area includes 4 private offices, a reception area, conference room, and breakroom. A 6,000 SF shop provides 22’ ceiling height, 7 overhead doors measuring 14’x16’, and a 5-ton crane-ready setup. The property also includes a 1,250 SF covered wash-bay with 2 underground 1,500-gallon poly tanks.
The site is fully fenced and secured by 2 20’ rolling gates. Infrastructure includes 3-phase power, a water well, and septic. Located at 2610 E County Rd 130 in Midland, Texas, the property supports warehouse, shop, and industrial service functions within a single site.
The site is fully fenced and secured by 2 20’ rolling gates. Infrastructure includes 3-phase power, a water well, and septic. Located at 2610 E County Rd 130 in Midland, Texas, the property supports warehouse, shop, and industrial service functions within a single site.
Key Highlights
- 8,750 SF warehouse on 2.69 acres
- 6,000 SF shop with 22’ ceiling height
- 7 overhead doors measuring 14’x16’
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
$95,306
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
6.05%
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%
$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
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
$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 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%
$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 6.05%
Second Best
Industrial
$1.12M
$981.1K – $1.31M
NOI $78,487 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,480 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
22 ft
Clear height
3
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
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
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial facility with office space, overhead doors, crane-ready structure, and dedicated wash-bay improvements.
Where is this warehouse located?
The property is located at 2610 E County Rd 130 Midland, TX.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 8,750 SF warehouse on 2.69 acres; 6,000 SF shop with 22’ ceiling height; 7 overhead doors measuring 14’x16’
