Building Details

Year Built 2018

Buildings 2

Units 1

Listing Agency: Marcus & Millichap - Dallas

Listed By: Adam Abushagur · License #TX 661916 Show Phone

Source: Crexi

Added: Feb 3 Changed: Aug 8 Last Checked: Aug 8 at 2:51PM

Report an Issue

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 asset comprises two buildings totaling 13,548 square feet, situated on 7.62 acres of land. Constructed in 2018, the property features metal construction with clear heights ranging from 17 to 20 feet. It includes a wash bay and 13 grade-level doors. The property is equipped with three-phase heavy power and 480 volts. It also features two ATF-compliant magazines for explosive materials. With 17 parking spaces and a building coverage ratio of 31 percent, the property offers ample industrial outdoor storage space. It is available for sale as vacant, suitable for owner use or as a lease-up investment opportunity.

Key Highlights

• Two‑building industrial asset totaling 13,548 SF on 7.62 acres, offering significant space.
• Built in 2018, indicating modern construction and features.
• Equipped with three‑phase heavy power (480 volts), suitable for diverse industrial operations.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$121,525

Cap Rate

5.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,430,500 $2.4M

Cap Rate 7%

$1,736,071 $1.7M

Cap Rate 9%

$1,350,278 $1.4M

Market Conditions

NOI Build-Up for 13,548 SF

Gross rent

$183.7K $13.56/SF

− Vacancy

−$10.1K −$0.75/SF

EGI

$173.6K $12.81/SF

− OpEx

−$52.1K −$3.84/SF

NOI

$121.5K $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%

$2,430,500

Cap Rate 7%

$1,736,071

Cap Rate 9%

$1,350,278

Alternative Uses

Best Use

Industrial

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,525 @ 7.0% cap · market cap 5.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.20M

$2.80M – $3.73M (±1% cap)

NOI $223,705 @ 7.0% cap · market cap 10.65%

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

Dialog Wireline Services, ... Factory

Suggested Use

Top Pick Storage Facility Auto Repair Shop Building Supply Coworking & Hybrid Office Big Box & Wholesale Store Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

21

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this industrial properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Industrial Flex Space with Drive-In Bays

1113 Dayton Rd, Midland, TX 79706

$2,667,000

13,640 SF

View details

Warehouse Property

1814 E County Rd 120, Midland, TX 79706

$1,790,000

12,000 SF

View details

Office/Warehouse with Fenced Yard

2031 Trade Drive, Midland, TX 79706

$2,095,000

16,859 SF

View details

Manufacturing Facility with Overhead Cranes

3619 Hwy 158, Midland, TX 79705

$1,500,000

12,648 SF

View details

Industrial Facility with Overhead Cranes

3611 Hwy 158, Midland, TX 79705

$1,900,000

16,273 SF

View details

Warehouse with Three-Sided Outbuilding

12400B Hwy 191, Midland, TX 79707

$2,650,000

11,200 SF

View details

Industrial Warehouse with Glass Entry

S County Rd 1120, Midland, TX 79706

$1,675,000

10,500 SF

View details

Executive Office Warehouse with Overhead Doors

10804 Hwy 191, Midland, TX 79707

$2,999,000

11,000 SF

View details

Flex Property with Wash Bay

5522 S County Rd 1160, Midland, TX 79706

$1,700,000

10,125 SF

View details

Fenced Truck Terminal with Warehouse

2209 County Rd 123, Midland, TX 79706

$2,000,000

9,000 SF

View details

Fenced Flex Space with Bay Doors

308 E Louisiana Ave, Midland, TX 79701

$1,150,000

11,400 SF

View details

Flex Space with Drive-Through Bay

1506 E New Jersey Ave, Midland, TX 79701

$1,499,999

17,678 SF

View details

Frequently Asked Questions

What type of property is this?

Industrial property - Two-building industrial asset with outdoor storage and special features.

Where is this industrial property located?

The property is located at 8908 W County Rd 130 Midland, TX.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: Two‑building industrial asset totaling 13,548 SF on 7.62 acres, offering significant space.; Built in 2018, indicating modern construction and features.; Equipped with three‑phase heavy power (480 volts), suitable for diverse industrial operations.