Industrial Asset on 7.62
For Sale
Contact for pricing
8908 W County Rd 130, Midland, TX 79706
Two-building industrial asset with outdoor storage and special features.
Property Size13,548 SF
Lot Size7.62 Acres
Price / SF$155
Days on Market194
Property Features for 8908 W County Rd 130
General Information
Standard status
Active
Size
13,548 SF
Lot size
7.62 Acres
Property subtype
Industrial
Building Details
Year Built
2018
Buildings
2
Units
1
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5200
Listed By:
Chase Beasley · License #839529
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 2:51PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,525
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
NOI $223,705 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - 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.
