Industrial Property with
8211 E County Rd 62 Midland, TX 79706
New
8211 E County Rd 62, Midland, TX, 79706
$4,500,000
For Sale
$4,500,000
Industrial property on 24 acres with three buildings including a shop, wash bay, and a 20-room man-camp bunkhouse.
Property Size24,775 SF
Lot Size24.00 Acres
Price / SF$181.63
Days on Market2
Property Features for 8211 E County Rd 62
General Information
- Standard status
- Active
- Size
- 24,775 SF
- Lot size
- 24.00 Acres
Building Details
- Year Built
- 2021
Listing agency
The Real Estate Ranch LLC
(432) 599-4496
Listed by
Brian Savage · License #TREC 0584754
Source
Hauspg
Added: Jul 21 Updated: Jul 22 at 4:21AM Checked: Jul 22 at 4:21AM
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 The Real Estate Ranch LLC
Investment Insights
Based on property information with market context.
This for-sale industrial property is comprised of three buildings set on 24 acres, offering a combination of shop, wash, office, and lodging support. The main shop includes 6,000 sf of shop and a wash bay, along with 2,500 sf of office and 2,500 sf of second-floor livable space.
A second shop provides 5,000 sf of shop space and 1,000 sf of office, plus an additional 1,000 sf of second-floor livable space. The property’s man-camp bunkhouse totals 6,775 sf and features 20 rooms, two large bathrooms with showers, a full kitchen, and two laundry rooms, along with a private gated entrance and covered parking.
The site is equipped with 3-phase power, fiber optic internet, and a fully equipped security monitoring system.
A second shop provides 5,000 sf of shop space and 1,000 sf of office, plus an additional 1,000 sf of second-floor livable space. The property’s man-camp bunkhouse totals 6,775 sf and features 20 rooms, two large bathrooms with showers, a full kitchen, and two laundry rooms, along with a private gated entrance and covered parking.
The site is equipped with 3-phase power, fiber optic internet, and a fully equipped security monitoring system.
Key Highlights
- Industrial property built in 2021 with three buildings on 24 acres
- Main shop includes 6,000 SF shop space with a wash bay plus 2,500 SF office and 2,500 SF 2nd‑floor livable space
- Second shop offers 5,000 SF shop area with 1,000 SF office and 1,000 SF 2nd‑floor livable space
Local Financial Insights For Specialty Retail
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 | $386.5k | $15.60 |
| − Vacancy | −$25.1k | −$1.01 |
| EGI | $361.4k | $14.59 |
| − OpEx | −$90.3k | −$3.65 |
| NOI | $271.0k | $10.94 |
24,775 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.87M
$3.39M – $4.52M
NOI $271,026 @ 7.0% cap · market cap 6.02%
Second Best
Retail
$3.46M
$3.02M – $4.03M
NOI $241,928 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$5.84M
$5.11M – $6.82M
NOI $409,085 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Red River Oilfield ...
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial property on 24 acres with three buildings including a shop, wash bay, and a 20-room man-camp bunkhouse.
Where is this flex space located?
The property is located at 8211 E County Rd 62 Midland, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Industrial property built in 2021 with three buildings on 24 acres; Main shop includes 6,000 SF shop space with a wash bay plus 2,500 SF office and 2,500 SF 2nd‑floor livable space; Second shop offers 5,000 SF shop area with 1,000 SF office and 1,000 SF 2nd‑floor livable space
