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    10503 County Road 72 Midland, TX 79707

    For Lease
    $15 SF/Yr ($16,026 /Mo)

    12,050 SF Flex Warehouse, 5 Acres

    Lot size:
    12,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 12,050-square-foot industrial flex space in Midland, Texas, presents a unique leasing opportunity. Situated on a five-acre lot, this single-tenant building boasts a blend of office and warehouse space, ideal for a variety of businesses. Constructed in 2016, the two-story structure features 4,400 square feet of modern office space and 6,400 square feet of insulated shop space, complemented by a 1,250-square-foot technical room. The office area is well-appointed with eight individual offices, a conference room, mail room, break room, and two restrooms. High-end finishes include granite countertops. The shop area includes a dispatch room, shop office, and dedicated shop showers and restroom. Five 15-foot overhead doors provide ample access for loading and unloading. The property also benefits from convenient features such as keypad access and a paved office parking area. Located just off FM 1788/SH 349, north of Highway 191, this property offers excellent accessibility and visibility. The property is currently vacant and ready for immediate occupancy. Single-phase power is available on-site. The property's address is 10503 W County Road 72, Midland, TX 79707, and its APN is R000209126.

    Property Features for 10503 County Road 72

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,050 SF
    Total Rate
    16026.5

    Building Details

    Year Built
    2016
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    12,050 SF
    Rate per SF
    $15

    HighLights

    • 12,050 SF industrial flex space in Midland, TX on a 5‑acre lot.
    • Single‑tenant building with 4,400 SF of modern office space and 6,400 SF of insulated shop space.
    • Built in 2016, featuring high‑end finishes including granite countertops.
    • Five 15‑foot overhead doors, keypad access, and paved office parking.
    • Excellent location off FM 1788/SH 349, north of Highway 191; currently vacant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Food Market Accounting Firm Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.243486
    Latitude
    31.987341

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    FAQs

    What type of property is this?
    Distribution property - 12,050 SF Flex Warehouse, 5 Acres
    Where is this distribution property located?
    The property is located at 10503 County Road 72 Midland, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 12,050 SF industrial flex space in Midland, TX on a 5-acre lot.; Single-tenant building with 4,400 SF of modern office space and 6,400 SF of insulated shop space.; Built in 2016, featuring high-end finishes including granite countertops.
    Request Owner's contact information
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    Midland, TX 79707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10503 County Road 72 Midland, TX 79707
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