Warehouse with Climate-Controlled
For Sale
$7,220,000
2828 W Front St, Midland, TX 79701
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 Market66
Property Features for 2828 W Front St
General Information
Standard status
Active
Size
17,805 SF
Lot size
43.50 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
carbarn
garage
shop
covered porches/awnings
safe room
Building Details
Year Built
2006
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 30 at 11:52AM
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 authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,352
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
Market
Properties on Market for Warehouses in Midland
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
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
