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    Midland Industrial Warehouse on Acreage Title is generated by Realmo AI

    8516 E County Rd 66, Midland, TX 79705

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    6,450 SF warehouse on 6.617 acres near I-20.

    Type:Industrial
    Property size:
    6,450 SF
    Lot size:
    6.62 Acres
    Price / SF:
    $162/SF
    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

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    Alonso Hernandez
    Alonso Hernandez

    Listing office ERES Companies

    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

    Located at 8516 East County Road 66, Midland, TX 79705, this industrial property features a 6,450 square foot industrial warehouse on 6.617 acres. Constructed in 2021, the modern metal building includes office space and seven bay doors. The property is zoned Commercial/Industrial, offering flexibility for various business needs. Situated in the heart of Midland, the location provides convenient access to I-20 and proximity to oil and gas companies. This property is suitable for various industrial purposes.

    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
    6,450 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.00M
    $878.2K – $1.17M (±1% cap)
    NOI $70,254 @ 7.0% cap · market cap 6.69%
    Second Best
    Industrial
    $826.5K
    $723.2K – $964.3K (±1% cap)
    NOI $57,856 @ 7.0% cap · market cap 5.51%
    Theoretical Best
    Office A
    $1.52M
    $1.33M – $1.78M (±1% cap)
    NOI $106,502 @ 7.0% cap · market cap 10.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Parking Lot & Garage Building Supply Electrical Service Auto Parts Store Big Box & Wholesale Store Grocery & Convenience Store Auto Repair Shop Plumbing Service Florist Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -101.988963
    Latitude
    32.057603

    FAQs

    What type of property is this?
    Warehouse - 6,450 SF warehouse on 6.617 acres near I-20.
    Where is this warehouse located?
    The property is located at 8516 E County Rd 66 Midland, TX.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: 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
    (432) 425-9692 Call to check price and availability
    More about this property
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