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    Industrial Property Near Interstate 20 Title is generated by Realmo AI

    8211 E County Rd 62, Midland, TX 79706

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    Claim this Listing
    For Sale
    $4,500,000

    COMMERCIAL - Midland, TX

    Property size:
    24,775 SF
    Lot size:
    23.60 Acres
    Price / SF:
    $181/SF
    Added:
    Mar 25, 2026
    Days on Market:
    53
    Last Refresh:
    May 16 at 1:06 pm

    Property Features for 8211 E County Rd 62

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    24,775 SF
    Lot size
    23.60 Acres

    Taxes and HOA fees

    Tax Description
    Acres: 23.600 23.60 AC OUT OF SEC: 30 BLK: 37-T1S
    Tax Annual Amount
    30242

    Building Details

    Year built
    2021

    We can help!

    Listing Contact
    Brian Savage
    Brian Savage

    Listing agent Brian Savage License #TREC 0584754

    Listing office The Real Estate Ranch LLC 6 Desta Drive Suite 1260, Midland, TX

    Listing date Mar 25, 2026

    MLS# 50093799

    Copyright © 2026 Permian Basin 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.

    HighLights

    • 24‑acre industrial property with three buildings near Interstate 20.
    • Main shop with a 2500 sq ft office, 2500 sq ft livable 2nd floor, 6000 sq ft shop, and wash bay.
    • 6775 sq ft man‑camp bunkhouse with 20 rooms, full kitchen, and 2 laundry rooms.
    • Second shop with 1000 sq ft office, 1000 sq ft livable 2nd floor, and 5000 sq ft shop.
    • Bunkhouse features a private gated entrance and covered parking.
    • Property equipped with 3‑phase power, fiber optic internet, and a security monitoring system.

    Overview

    This industrial property is located between Midland and Stanton, near Interstate 20. Situated on 23.6 acres, the property includes three buildings. The main shop features 2,500 square feet of office space, a 6,000-square-foot shop area, and a wash bay, along with 2,500 square feet of livable space on the second floor. A second shop provides 1,000 square feet of office space, a 5,000-square-foot shop, and an additional 1,000 square feet of livable space on the second floor. The man-camp bunkhouse spans 6,775 square feet and includes 20 rooms, two large bathrooms with showers, a full kitchen, and two laundry rooms. The bunkhouse also features a private gated entrance and covered parking. The property is equipped with 3-phase power, fiber optic internet, and a security monitoring system. The total property size is 24,775 square feet.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $3.33M
    NOI $299,678 @ 9.00% cap · cautious / downside scenario
    Moderate
    $4.28M
    NOI $299,678 @ 7.00% cap · market / base-case scenario
    Aggressive
    $5.99M
    NOI $299,678 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $475.7k $19.20
    − Vacancy −$76.1k −$3.07
    EGI $399.6k $16.13
    − OpEx −$99.9k −$4.03
    NOI $299.7k $12.10
    24,775 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $4.28M
    $3.75M – $4.99M (±1% cap)
    NOI $299,678 @ 7.0% cap · market cap 6.66%
    Second Best
    Warehouse
    $3.86M
    $3.37M – $4.50M (±1% cap)
    NOI $269,851 @ 7.0% cap · market cap 6.00%
    Theoretical Best
    Office A
    $5.84M
    $5.11M – $6.82M (±1% cap)
    NOI $409,085 @ 7.0% cap · market cap 9.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Red River Oilfield ... Corporate Office

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -101.99033
    Latitude
    32.0625

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    FAQs

    What type of property is this?
    Flex space - Industrial property with multiple buildings and living quarters on 24 acres.
    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: 24‑acre industrial property with three buildings near Interstate 20.; Main shop with a 2500 sq ft office, 2500 sq ft livable 2nd floor, 6000 sq ft shop, and wash bay.; 6775 sq ft man‑camp bunkhouse with 20 rooms, full kitchen, and 2 laundry rooms.
    (432) 599-4496
    We can help!
    Listing Contact
    Brian Savage
    Brian Savage
    Real Estate License ID: TREC 0584754
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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