Building Details

Year built 2026

Listing Agency: NRG Realty Group, LLC Show Phone

Listed By: Amy Brasher Barnett, CCIM Show Phone

Added: Oct 21 Last Checked: Oct 23 at 1:06AM

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MLS# 50099177

Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

Under construction for 2026, this warehouse property combines office accommodation with a crane-ready shop. The office includes four private offices, a reception area, conference room, break room, two restrooms, and a shower. The shop has 22' clear height, three drive-through bays, a drive-in bay, and a covered wash bay. Seven overhead doors measure 14' by 16'.

The 3.11-acre site is just south of I-20 in Midland. Its features include a perimeter fence with two rolling gates, three-phase power, a private well, septic, and an improved private access road. Availability is scheduled for Oct. 1, 2026.

Key Highlights

• 3.11‑acre warehouse property just south of I‑20 in Midland
• Crane‑ready shop with 22' clear height
• Seven overhead doors, each 14' by 16'

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$95,306

Cap Rate

6.15%

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

Is this asking price fair?

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 (±1% cap)

NOI $95,306 @ 7.0% cap · market cap 6.15%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.06M

$1.81M – $2.41M (±1% cap)

NOI $144,480 @ 7.0% cap · market cap 9.32%

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

Warehouses

Suggested Use

Top Pick Real Estate Agency Electrical Service Auto Parts Store Plumbing Service Grocery & Convenience Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22 ft

Clear height

4

Drive-in doors

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

31

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - A dedicated office and multi-bay shop are paired with fenced grounds and private access.

Where is this warehouse located?

The property is located at 3101 W County Rd 135 Midland, TX.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: 3.11‑acre warehouse property just south of I‑20 in Midland; Crane‑ready shop with 22' clear height; Seven overhead doors, each 14' by 16'