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    2031 Trade Dr Midland, TX 79706

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    For Lease
    Contact for pricing

    Prime Midland warehouse, showroom, & offices.

    Lot size:
    16,859 SF

    Property Features for 2031 Trade Dr

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,859 SF
    Total Rate
    21073.75

    Building Details

    Year Built/Renovated
    1982/2022

    Spaces For Lease

    at 2031 Trade Dr, Midland, TX 79706 Contact us
    Unit

    $15 /Mo

    Size
    16,859 SF
    Contact us

    We can help!

    Listing Contact
    Justin Dodd
    Justin Dodd

    Listing Agency: NRG Realty Group - Dallas/Fort Worth Listing Agent: Justin Dodd

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 16,859-square-foot industrial property in Midland, Texas, presents a unique opportunity. Situated on a 1.18-acre lot at 2031 Trade Dr, 79706, this single-tenant building seamlessly blends warehouse functionality with retail space. Originally constructed in 1982 and extensively renovated in 2022, the property boasts a modern aesthetic. The layout includes an inviting showroom with street-level access, perfect for showcasing products and engaging customers. Eight private offices provide ample space for administrative functions, complemented by over 6,500 square feet of climate-controlled workspace. The warehouse itself features impressive 13-foot ceilings, enhancing storage capacity and operational efficiency. Five drive-in doors (three exterior and two interior) ensure easy access for loading and unloading, while added features like compressed air lines, shop heaters, and an overhead electric hoist further enhance functionality. The expansive 1.18-acre yard is fully fenced and largely paved, providing ample outdoor space for storage or maneuvering. The property is zoned by the county. This versatile property is ideal for businesses requiring a blend of showroom, office, and warehouse space. Its strategic location in Midland, Texas, offers excellent access to transportation routes and a thriving local market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Charts Limited Oilfield

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Nail Salon Gym & Fitness Center Auto Repair Shop Auto Parts Store Department Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1433982
    Latitude
    31.9568278

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    FAQs

    What type of property is this?
    Distribution center - Prime Midland warehouse, showroom, & offices.
    Where is this distribution center located?
    The property is located at 2031 Trade Dr Midland, TX.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 16,859 SF industrial building on a 1.18-acre lot in Midland, TX.; Showroom with street-level access and automatic sliding door.; Eight private offices and one large flex office.
    (432) 363-4777 Call to check price and availability
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    2031 Trade Dr Midland, TX 79706
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2031 Trade Dr Midland, TX 79706
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    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Dodd
    Justin Dodd
    Real Estate License ID: 9004023
    (432) 363-4777 (214) 534-7976 (432) 432-7976
    Learn more
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