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Industrial Property Near Interstate 20

8211 E County Rd 62 Midland, TX 79706

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:
108
Last Refresh:
Jul 10 at 7:06 am

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

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.


Investment Insights

Based on property information with market context.

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.

Key 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.

Local Financial Insights For Office B

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 $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 Uses

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 Analytics

Property Profile Location Intelligence

Current Use by Public Records

Red River Oilfield ... Corporate Office

Suggested Use

Electrical Service Big Box & Wholesale Store Auto Parts Store Building Supply Grocery & Convenience Store Hair Salon Restaurant Nail Salon Plumbing Service Florist

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

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.
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