21.698 Acres in Permian
For Sale
$6,200,000
921 E County Road 140, Midland, TX 79706
21.698-acre tract in the Permian Basin, ideal for investors.
Property Size7,500 SF
Lot Size21.70 Acres
Price / SF$826.67
Days on Market212
Property Features for 921 E County Road 140
General Information
Standard status
Active
Size
7,500 SF
Lot size
21.70 Acres
Listing Agency:
The Real Estate Ranch LLC
(512) 970-1610
Listed By:
Thomas Johnston ABR /CNHS
(512) 970-1610
Source:
Exprealty
Added: Jan 26
Changed: Aug 25
Last Checked: Aug 26 at 11:43AM
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 Real Estate Ranch LLC
Investment Insights
Based on property information with market context.
This 21.698-acre tract is located in a prime industrial area of the Permian Basin, offering convenient access to Highway 349 and I-20, which facilitates connectivity to key areas in Midland. The property is situated approximately 20 minutes from the airport. The investment portfolio includes several buildings ranging from 5,000 to 7,500 square feet, all situated on large, well-maintained tracts. The property is fully leased with all NNN (Triple Net) leases in place. CR 8.5%
Key Highlights
- Fully leased with NNN (Triple Net) leases in place, providing immediate income.
- Located in a prime industrial area of the Permian Basin.
- High Capitalization Rate (CR) of 8.5%.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
48
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
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Frequently Asked Questions
What type of property is this?
Industrial property - 21.698-acre tract in the Permian Basin, ideal for investors.
Where is this industrial property located?
The property is located at 921 E County Road 140 Midland, TX.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Fully leased with NNN (Triple Net) leases in place, providing immediate income.; Located in a prime industrial area of the Permian Basin.; High Capitalization Rate (CR) of 8.5%.
