Warehouse with Office
New
For Sale
$1,000,000
4912 S County Rd 1172, Midland, TX 79706
2024-built industrial facility with three-phase power, private water well, and septic system.
Property Size5,000 SF
Lot Size3.00 Acres
Price / SF$200
Days on Market2
Property Features for 4912 S County Rd 1172
General Information
Standard status
Active
Size
5,000 SF
Lot size
3.00 Acres
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Office Build-Out
1,000 SF
Drive-In Doors
4
Three-Phase Power
Yes
Building Details
Year Built
2024
Listing Agency:
Heritage Real Estate
Listed By:
Conrado Vasquez
(432) 290-5911
Source:
Hauspg
Added: Sep 11
Last Checked: Sep 11 at 2:39PM
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 Heritage Real Estate
Investment Insights
Based on property information with market context.
This 2024-built warehouse property includes a 4,000-square-foot shop with four overhead doors and a separate 1,000-square-foot office component. The office layout provides a reception area, two private offices, a copy and storage room, kitchen and break-room space, and two restrooms. The shop is equipped with three-phase electrical service and is designed to support crane capacity of up to 5 tons.
Set on 3 acres, the property offers access to HWY 158 and FM 715. A privately owned water well and septic system are also included, providing on-site utility infrastructure for the facility.
Set on 3 acres, the property offers access to HWY 158 and FM 715. A privately owned water well and septic system are also included, providing on-site utility infrastructure for the facility.
Key Highlights
- 4,000‑square‑foot shop with four overhead doors
- Separate 1,000‑square‑foot office with reception, two private offices, copy/storage room, kitchen, and two restrooms
- Three‑phase electrical service with crane capacity up to 5 tons
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,460
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,089,200
$1.1M
Cap Rate 7%
$778,000
$778.0K
Cap Rate 9%
$605,111
$605.1K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$67.8K $13.56/SF
− Vacancy
−$3.7K −$0.75/SF
EGI
$64.1K $12.81/SF
− OpEx
−$9.6K −$1.92/SF
NOI
$54.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,089,200
Cap Rate 7%
$778,000
Cap Rate 9%
$605,111
Alternative Uses
Best Use
Warehouse
$778.0K
$680.8K – $907.7K
NOI $54,460 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,560 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Drive-in doors
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
44
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - 2024-built industrial facility with three-phase power, private water well, and septic system.
Where is this warehouse located?
The property is located at 4912 S County Rd 1172 Midland, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,000‑square‑foot shop with four overhead doors; Separate 1,000‑square‑foot office with reception, two private offices, copy/storage room, kitchen, and two restrooms; Three‑phase electrical service with crane capacity up to 5 tons
