Industrial Property with 9.25%
For Sale
Contact for pricing
8401 E County Rd 62, Midland, TX 79706
7,200 SqFt industrial property with a 9.25% CAP rate.
Property Size7,200 SF
Price / SF$256.67
Days on Market224
Property Features for 8401 E County Rd 62
General Information
Standard status
Active
Size
7,200 SF
Class
B
Property subtype
Industrial
Building Details
Year Built
2020
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Adam Abushagur · License #TX 661916
(972) 755-5200
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Aug 8 at 6:32AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This industrial property offers 7,200 square feet of space. The property is being offered for sale and has a capitalized rate of 9.25%.
Key Highlights
- Industrial Property
- Excellent 9.25% CAP Rate
- 7,200 SqFt of space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,584
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,680
$1.3M
Cap Rate 7%
$922,629
$922.6K
Cap Rate 9%
$717,600
$717.6K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$97.6K $13.56/SF
− Vacancy
−$5.4K −$0.75/SF
EGI
$92.3K $12.81/SF
− OpEx
−$27.7K −$3.84/SF
NOI
$64.6K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,680
Cap Rate 7%
$922,629
Cap Rate 9%
$717,600
Alternative Uses
Best Use
Industrial
$922.6K
$807.3K – $1.08M
NOI $64,584 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,886 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - 7,200 SqFt industrial property with a 9.25% CAP rate.
Where is this industrial property located?
The property is located at 8401 E County Rd 62 Midland, TX.
What is the asking price?
The asking price for this property is $1,848,000.
What are key features of this property?
This property features: Industrial Property; Excellent 9.25% CAP Rate; 7,200 SqFt of space
