Mixed-Use Office/Warehouse with
3119 County Rd 1108, Midland, TX 79706
For Sale
New
$1,300,000
Commercial Sale, Midland, TX
Property Size7,500 SF
Lot Size8.02 Acres
Price / SF$173.33
Days on Market1
Property Features for 3119 County Rd 1108
General Information
Property type
Property subtype
Fencing
Lot features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Water source
Amenities
RV hookups
water wells
automatic gates
paved secured parking
septic system
storage tanks
Building Details
Year built
Building materials
Roof type
Listing Agency:
Deborah Julian Real Estate LLC
Listed By:
Deborah Julian · License TX #0658250
(432) 934-2295
Added: Nov 10
Last Checked: Nov 10 at 7:06PM
MLS# 178813
Copyright © 2026 Odessa 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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2019, this mixed-use property contains a 7,500-square-foot office/warehouse building on 8.02 acres. The warehouse has overhead doors, while the office area includes an upstairs buildout that is not counted in the stated building area. Construction includes concrete and metal materials, with a metal roof.
The grounds include a fenced, cross-fenced caliche yard, paved secured parking, and automatic gates at the north and south entrances. Water infrastructure includes two wells, four RV hookups, and storage tanks for additional supply. The property also has a private septic system.
The grounds include a fenced, cross-fenced caliche yard, paved secured parking, and automatic gates at the north and south entrances. Water infrastructure includes two wells, four RV hookups, and storage tanks for additional supply. The property also has a private septic system.
Key Highlights
- 7,500‑square‑foot office/warehouse building constructed in 2019
- 8.02‑acre fenced and cross‑fenced caliche yard
- Warehouse features overhead doors; upstairs office buildout is excluded from building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,578
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,560
$1.8M
Cap Rate 7%
$1,279,686
$1.3M
Cap Rate 9%
$995,311
$995.3K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$157.5K $21.00/SF
− Vacancy
−$14.2K −$1.89/SF
EGI
$143.3K $19.11/SF
− OpEx
−$53.7K −$7.17/SF
NOI
$89.6K $11.94/SF
Area
Midland, TX
Vacancy
9.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,560
Cap Rate 7%
$1,279,686
Cap Rate 9%
$995,311
Alternative Uses
Best Use
Mixed Use
$1.28M
$1.12M – $1.49M
NOI $89,578 @ 7.0% cap · market cap 6.89%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,691 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Warehouse and office space are paired with a large fenced outdoor work area.
Where is this mixed-use property located?
The property is located at 3119 County Rd 1108 Midland, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 7,500‑square‑foot office/warehouse building constructed in 2019; 8.02‑acre fenced and cross‑fenced caliche yard; Warehouse features overhead doors; upstairs office buildout is excluded from building area
