Metal Workshop with
4909 E County Rd 60 Midland, TX 79705
New
4909 E County Rd 60, Midland, TX, 79705
$375,000
For Sale
$375,000
LAND - Midland, TX
Property Size1,600 SF
Lot Size2.50 Acres
Price / SF$234.38
Days on Market4
Property Features for 4909 E County Rd 60
General Information
- Property type
- Land
- Property subtype
- Other
- Fencing
- Barbed Wire
- Standard status
- Active
- APN
- R000224864
- Lot size
- 2.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1200
Utilities
- Sewer type
- Septic Tank
- Water source
- Well
Listing Agency
Heritage Real Estate
(432) 701-0550
5030 E University, Suite B 401, Odessa, TX
Listed by
Rebecca Dominguez · License #0836002
(432) 269-4142
Added: Jul 14 Checked: Jul 17 at 10:06 am
MLS# 176157
Listing URL
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.
Investment Insights
Based on property information with market context.
This 2.5-acre property includes a 1,600 sq. ft. metal building constructed in 2018. The building has an office and bathroom, supporting a range of on-site uses. Site utilities include a septic system and a drilled water well, and the property is ready for electrical service.
The offering is positioned for flexible development and operation, whether for business use, workshop activity, or residential buildout. The additional land area provides room for further improvements based on a buyer’s plans.
Overall, this is a self-contained site with a newer metal building and essential on-site utilities already in place.
The offering is positioned for flexible development and operation, whether for business use, workshop activity, or residential buildout. The additional land area provides room for further improvements based on a buyer’s plans.
Overall, this is a self-contained site with a newer metal building and essential on-site utilities already in place.
Key Highlights
- 2.5‑acre property with a 1,600 SF metal building constructed in 2018
- Building includes an office and bathroom, suitable for commercial, residential, workshop, or investment use
- Equipped with a drilled well (water source) and septic tank (sewer system)
Local Financial Insights For Warehouse
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 | $21.7k | $13.56 |
| − Vacancy | −$1.2k | −$0.75 |
| EGI | $20.5k | $12.81 |
| − OpEx | −$3.1k | −$1.92 |
| NOI | $17.4k | $10.89 |
1,600 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$249.0K
$217.8K – $290.5K
NOI $17,427 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.2K – $440.3K
NOI $26,419 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Versatile 2.5-acre property with a 1,600 sq. ft. metal building, office, bathroom, septic, and a water well.
Where is this commercial land located?
The property is located at 4909 E County Rd 60 Midland, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2.5‑acre property with a 1,600 SF metal building constructed in 2018; Building includes an office and bathroom, suitable for commercial, residential, workshop, or investment use; Equipped with a drilled well (water source) and septic tank (sewer system)
