Mixed-Use Property with
4112 N County Rd 1133, Midland, TX 79705
For Sale
New
$1,595,000
Commercial Sale, Midland, TX
Property Size4,000 SF
Lot Size4.18 Acres
Price / SF$398.75
Days on Market1
Property Features for 4112 N County Rd 1133
General Information
Property type
Property subtype
Fencing
Appliances
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
Legacy Real Estate
(432) 687-6500
Listed By:
Danielle Bass · License TX #763246
(432) 599-4514
Added: Nov 10
Last Checked: Nov 10 at 7:06PM
MLS# 178787
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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Investment Insights
Based on property information with market context.
This mixed-use property combines 4,000 square feet of office and warehouse space with a 2,900-square-foot residence. Built in 2017, the improvements include metal construction and roofing, with individual air-conditioning and heating units serving the commercial space. A well supplies water, and the property has private sewer service.
The site encompasses 4.184 acres across two parcels offered together. Fencing and a gate enclose the grounds; additional residential features include mature trees, a pool, an outdoor kitchen, a play area, and several large outbuildings.
The site encompasses 4.184 acres across two parcels offered together. Fencing and a gate enclose the grounds; additional residential features include mature trees, a pool, an outdoor kitchen, a play area, and several large outbuildings.
Key Highlights
- 4,000 square feet of office and warehouse space
- 2,900‑square‑foot residence on the property
- 4.184 acres across two parcels sold together
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,775
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,500
$955.5K
Cap Rate 7%
$682,500
$682.5K
Cap Rate 9%
$530,833
$530.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$84.0K $21.00/SF
− Vacancy
−$7.6K −$1.89/SF
EGI
$76.4K $19.11/SF
− OpEx
−$28.7K −$7.17/SF
NOI
$47.8K $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%
$955,500
Cap Rate 7%
$682,500
Cap Rate 9%
$530,833
Alternative Uses
Best Use
Mixed Use
$682.5K
$597.2K – $796.3K
NOI $47,775 @ 7.0% cap · market cap 3.00%
Second Best
Warehouse
$622.4K
$544.6K – $726.1K
NOI $43,568 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$943.5K
$825.6K – $1.10M
NOI $66,048 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
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Business Placement
Demographics for 79705, TX
44,138
Population
20,021
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
91%
High-School Grad
79.4 sq mi
ZIP Area
556
Density / Sq Mi
$105,106
Median Household Income
$60,415
Median Earnings
$1,431
Median Rent
$329,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A separate residence, gated grounds, and well and private sewer service accompany the commercial space.
Where is this mixed-use property located?
The property is located at 4112 N County Rd 1133 Midland, TX.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 4,000 square feet of office and warehouse space; 2,900‑square‑foot residence on the property; 4.184 acres across two parcels sold together
