ManCamp Housing and Industrial
For Sale
$1,100,000
9300 W County Rd 60, Midland, TX 79706
Remodeled in 2013, this mancamp housing package includes multiple rental units and a shop with three pull-in bays.
Property Size6,866 SF
Lot Size5.50 Acres
Price / SF$160.21
Days on Market89
Property Features for 9300 W County Rd 60
General Information
Standard status
Active
Size
6,866 SF
Lot size
5.50 Acres
Financials
Cap Rate
10%
Business Included
Yes
Additional Details
Drive-In Doors
3
Multifamily Units
3
Building Details
Year Renovated
2013
Listing Agency:
The Real Estate Ranch LLC
Listed By:
Thomas Johnston · License #542176
(512) 970-1610
Source:
Raftercrossrealty
Added: Jul 18
Changed: Oct 6
Last Checked: Oct 7 at 4:38PM
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 for-sale property is a mancamp housing and commercial shop package remodeled in 2013. It includes three residential units: “The Washington,” a 3-bedroom, 2-bath home with 2,656 square feet; “The Lincoln,” a 4-bedroom, 2-bath home with 1,350 square feet; and “The Jefferson,” a 1-bedroom, 1-bath unit. The package also features “The Shop,” a 2,500-square-foot building with three pull-in bays.
The property is located on the city limit line on 5.5 acres at 9300 W County Road 60 in Midland, Texas. Public remarks describe it as being situated between two major petroplex hubs and convenient to Midland, Odessa, Andrews, and Seminole.
Reported rental income includes $163,200 in gross rents and $109,404 net rent to owner per year.
The property is located on the city limit line on 5.5 acres at 9300 W County Road 60 in Midland, Texas. Public remarks describe it as being situated between two major petroplex hubs and convenient to Midland, Odessa, Andrews, and Seminole.
Reported rental income includes $163,200 in gross rents and $109,404 net rent to owner per year.
Key Highlights
- 5.5‑acre mancamp housing package on the city limit line, remodeled in 2013
- Presidential home: 2,656 SF, 3 bed/2 bath, rents for $4,500/month
- Lincoln unit: 1,350 SF, 4 bed/2 bath, rents for $4,500/month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,588
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,231,760
$1.2M
Cap Rate 7%
$879,829
$879.8K
Cap Rate 9%
$684,311
$684.3K
Market Conditions
NOI Build-Up for 6,866 SF
Gross rent
$93.1K $13.56/SF
− Vacancy
−$5.1K −$0.75/SF
EGI
$88.0K $12.81/SF
− OpEx
−$26.4K −$3.84/SF
NOI
$61.6K $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%
$1,231,760
Cap Rate 7%
$879,829
Cap Rate 9%
$684,311
Alternative Uses
Best Use
Industrial
$879.8K
$769.9K – $1.03M
NOI $61,588 @ 7.0% cap · market cap 5.60%
Second Best
Flex RnD
$863.0K
$755.1K – $1.01M
NOI $60,410 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,371 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Drive-in doors
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
19
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Remodeled in 2013, this mancamp housing package includes multiple rental units and a shop with three pull-in bays.
Where is this short term rental property located?
The property is located at 9300 W County Rd 60 Midland, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5.5‑acre mancamp housing package on the city limit line, remodeled in 2013; Presidential home: 2,656 SF, 3 bed/2 bath, rents for $4,500/month; Lincoln unit: 1,350 SF, 4 bed/2 bath, rents for $4,500/month
