Man Camp Housing and Industrial
For Sale
$1,100,000
9300 W County Rd 60, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size6,866 SF
Lot Size5.50 Acres
Price / SF$160.21
Days on Market513
Property Features for 9300 W County Rd 60
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
40-T1S
Standard status
Active
Size
6,866 SF
Lot size
5.50 Acres
Taxes and HOA fees
Tax Description
5.5 acres out of a 29.3 acre tract out of the NW/4 of Section 28, Block 40, T-1-S, T. & P. RR. Co. Survey, Midland County Texas. Save and ex
Legal Description
5.5 acres out of a 29.3 acre tract out of the NW/4 of Section 28, Block 40, T-1-S, T. & P. RR. Co. Survey, Midland County Texas. Save and ex
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Thomas Johnston ABR /CNHS · License #542176
(512) 970-1610
Added: May 21, 2025
Changed: Sep 3
Last Checked: Oct 15 at 11:06AM
MLS# 50082290
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property offers a 10-cap man camp housing package and an industrial shop on 5.5 acres. The housing units were remodeled in 2013 and include three rental homes: The Washington (2,656 SF, 3 bed/2 bath), The Lincoln (1,350 SF, 4 bed/2 bath), and The Jefferson (1 bed/1 bath). Also included is The Shop, a 2,500 SF building with three pull-in bays.
Gross rents are listed at $163,200, with net rent to owner reported as $109,404 per year. The property is located at 9300 W County Rd 60 in Midland, Texas, and the listing notes it sits on the city limit line.
The combination of remodeled workforce housing and a multi-bay shop layout provides a single-site configuration for managing both residential rentals and shop space together.
Gross rents are listed at $163,200, with net rent to owner reported as $109,404 per year. The property is located at 9300 W County Rd 60 in Midland, Texas, and the listing notes it sits on the city limit line.
The combination of remodeled workforce housing and a multi-bay shop layout provides a single-site configuration for managing both residential rentals and shop space together.
Key Highlights
- High 10 Cap Rate investment property.
- Substantial annual net income to owner: $109,404.
- Gross annual rents of $163,200.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,200
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,000
$1.1M
Cap Rate 7%
$817,143
$817.1K
Cap Rate 9%
$635,556
$635.6K
Market Conditions
NOI Build-Up for 6,866 SF
Gross rent
$111.2K $16.20/SF
− Vacancy
−$7.2K −$1.05/SF
EGI
$104.0K $15.15/SF
− OpEx
−$46.8K −$6.82/SF
NOI
$57.2K $8.33/SF
Area
Midland, TX
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,144,000
Cap Rate 7%
$817,143
Cap Rate 9%
$635,556
Alternative Uses
Best Use
Apartment 5plus
$817.1K
$715.0K – $953.3K
NOI $57,200 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Drive-in doors
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
15
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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Frequently Asked Questions
What type of property is this?
Single family property - Remodeled 10-cap housing package with multiple rental homes plus a 3-bay shop on 5.5 acres.
Where is this single family 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: High 10 Cap Rate investment property.; Substantial annual net income to owner: $109,404.; Gross annual rents of $163,200.
