Warehouse with Climate-Controlled
2828 W Front St Midland, TX 79701
For Sale
$7,220,000
A 2006-built warehouse property on a divisible 43.5-acre tract with climate-controlled space and multiple support improvements.
Property Size17,805 SF
Lot Size43.50 Acres
Price / SF$405.50
Days on Market58
Property Features for 2828 W Front St
General Information
- Standard status
- Active
- Size
- 17,805 SF
- Lot size
- 43.50 Acres
Listing Agency:
The Real Estate Ranch LLC
(512) 970-1610
Listed By:
Thomas Johnston ABR /CNHS
(512) 970-1610
Source:
Exprealty
Added: May 27
Changed: Jul 22
Last Checked: Jul 22 at 5:57PM
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 The Real Estate Ranch LLC
Investment Insights
Based on property information with market context.
The property includes a 17,805-square-foot building built in 2006, featuring approximately 12,000 square feet of climate-controlled space. Additional improvements include a carbarn, garage, shop, and covered porches/awnings, along with a residence/office described as having top-tier interior finishes, appliances, and fixtures. A standout security feature is a 1,500-square-foot solid concrete safe room.
The site is described as having approximately 900 feet of high-visibility frontage along Interstate 20, positioned in a rapidly growing industrial corridor. The 43.5-acre tract is divisible, providing flexibility for future planning.
For-sale as a single tract, the offering combines warehouse space with climate-controlled area and on-site support improvements, plus a reinforced safe room within the building complex.
The site is described as having approximately 900 feet of high-visibility frontage along Interstate 20, positioned in a rapidly growing industrial corridor. The 43.5-acre tract is divisible, providing flexibility for future planning.
For-sale as a single tract, the offering combines warehouse space with climate-controlled area and on-site support improvements, plus a reinforced safe room within the building complex.
Key Highlights
- 43.5‑acre tract (divisible) with approximately 900 ft of high‑visibility I‑20 frontage
- 17,805 SF building built in 2006 with 12,000 SF climate‑controlled space
- Additional improvements include a carbarn, garage, and shop
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $341.9k | $19.20 |
| − Vacancy | −$54.7k | −$3.07 |
| EGI | $287.2k | $16.13 |
| − OpEx | −$71.8k | −$4.03 |
| NOI | $215.4k | $12.10 |
17,805 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.08M
$2.69M – $3.59M
NOI $215,369 @ 7.0% cap · market cap 2.98%
Second Best
Warehouse
$2.77M
$2.42M – $3.23M
NOI $193,933 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,996 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar Off Market Nearby
- Armstrong Transportation Services - Midland — 3207 Commercial Dr, Midland, TX 79701
- Affordable Storage: Thomason Drive — 3420 Thomason Dr, Midland, TX 79703
- KO Storage — 16 S Industrial Loop, Midland, TX 79701
- Rocky Ford Moving — 3411 W Industrial Ave, Midland, TX 79703
- Smart RV & Boat Storage — 3200 W Gist Ave, Midland, TX 79701
FAQs
What type of property is this?
Warehouse - A 2006-built warehouse property on a divisible 43.5-acre tract with climate-controlled space and multiple support improvements.
Where is this warehouse located?
The property is located at 2828 W Front St Midland, TX.
What is the asking price?
The asking price for this property is $7,220,000.
What are key features of this property?
This property features: 43.5‑acre tract (divisible) with approximately 900 ft of high‑visibility I‑20 frontage; 17,805 SF building built in 2006 with 12,000 SF climate‑controlled space; Additional improvements include a carbarn, garage, and shop
