8516 E County Rd 66, Midland, TX 79705
6,450 SF warehouse on 6.617 acres near I-20.
- Added:
- Jun 17, 2024
- Days on Market:
- 753
- Last Refresh:
- May 12 at 10:38 pm
Property Features for 8516 E County Rd 66
General Information
- Standard status
- Active
- Size
- 6,450 SF
- Lot size
- 6.62 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2021
Listing office ERES Companies (432) 425-9692
Listing date Jun 17, 2024
Source Crexi
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 ERES Companies
HighLights
- 6,450 SF Industrial Warehouse on 6.617 Acres
- Prime Location Minutes from I‑20 and Near Oil & Gas Companies
- Modern Metal Building Constructed in 2021
- (7) Bay Doors for Efficient Operations
- Zoned Commercial/Industrial for Flexible Use
- Available for Sale or Lease
Overview
Local Financial Insights For Warehouse
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 | $87.5k | $13.56 |
| − Vacancy | −$4.8k | −$0.75 |
| EGI | $82.7k | $12.81 |
| − OpEx | −$12.4k | −$1.92 |
| NOI | $70.3k | $10.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -101.988963
- Latitude
- 32.057603