Industrial Property with Large Shops

1902 Clark St, Midland, TX 79701

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For Sale

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Fenced 2.024 acres with shops and carport.

Type:Industrial

Property size:

10,250 SF

Lot size:

2.02 Acres

Price / SF:

$146/SF

HighLights

Two large shops totaling 10,250 sf (50x75 and 65x100).
2.024 acre fenced lot.
No city taxes due to location outside city limits.
Convenient location north of Horseshoe Arena with easy access to Cotton Flat and I‑20 Service Road.
Substantial covered metal carport/shed space totaling 5,750 sf (35x50 and 40x100).
Includes a manufactured home suitable for office space.

We can help!

Listing Contact

Brian Sales

For Sale

Contact for pricing

Fenced 2.024 acres with shops and carport.

Type:Industrial

Property size:

10,250 SF

Lot size:

2.02 Acres

Price / SF:

$146/SF

Added:: Aug 30, 2022
Days on Market:: 1380
Last Refresh:: May 13 at 8:14 pm

Property Features for 1902 Clark St

General Information

Standard status: Active
Size: 10,250 SF
Lot size: 2.02 Acres
Property subtype: Industrial

Building Details

Year Built: 1998

We can help!

Listing Contact

Brian Sales

Listing agent Brian Sales License #TX 592140

Listing office The Sales Team Realtors

Listing date Aug 30, 2022

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 The Sales Team Realtors

HighLights

Two large shops totaling 10,250 sf (50x75 and 65x100).
2.024 acre fenced lot.
No city taxes due to location outside city limits.
Convenient location north of Horseshoe Arena with easy access to Cotton Flat and I‑20 Service Road.
Substantial covered metal carport/shed space totaling 5,750 sf (35x50 and 40x100).
Includes a manufactured home suitable for office space.

Overview

This industrial property features 10,250 square feet of shop space on a fenced 2.024-acre lot. The property includes a front shop measuring 50x75 feet and a back shop measuring 65x100 feet. Additionally, there is a covered metal carport/shed providing 5,750 square feet of covered area, with dimensions of 35x50 feet and 40x100 feet. A manufactured home is present on the property and can be used as office space. The location is situated north of the Horseshoe Arena, offering convenient access to Cotton Flat and the I-20 Service Road. The property is located in a windowpane area, outside of city limits, and is not subject to city taxes.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$139.0k	$13.56
− Vacancy	−$7.6k	−$0.75
EGI	$131.3k	$12.81
− OpEx	−$39.4k	−$3.84
NOI	$91.9k	$8.97

10,250 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use

Industrial

$1.31M

$1.15M – $1.53M (±1% cap)

NOI $91,942 @ 7.0% cap · market cap 6.13%

Second Best

—

no second resolved use

Theoretical Best

Office A

$2.42M

$2.12M – $2.82M (±1% cap)

NOI $169,248 @ 7.0% cap · market cap 11.28%

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

Property Profile Location Intelligence

Current Use by Public Records

Industrial properties

Suggested Use

Location Insight

Map
Local Demand

City: Midland
County: Midland
State: Texas
Longitude: -102.095886
Latitude: 31.974376

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For sale
Industrial properties
TX
Midland
79701
1902 Clark St

What type of property is this?

Industrial property - Fenced 2.024 acres with shops and carport.

Where is this industrial property located?

The property is located at 1902 Clark St Midland, TX.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Two large shops totaling 10,250 sf (50x75 and 65x100).; 2.024 acre fenced lot.; No city taxes due to location outside city limits.