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    5102 County Road 128 Odessa, TX 79706

    For Sale
    $1,450,000

    7,750 SF Warehouse, 2.5 Acres, New Construction

    Property size:
    7,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional new industrial property in Midland, Texas, presents a compelling investment opportunity. The 7,750-square-foot warehouse sits on a spacious 2.5-acre lot, offering ample room for operations and expansion. Built in 2024, the single-story building boasts 1,500 square feet of well-appointed office space, including five private offices, a conference room, and a kitchen. A substantial 5,000-square-foot warehouse area is complemented by a 1,250-square-foot wash bay, enhancing its versatility. The property is equipped with 3-phase power, a water well, and a septic system, ensuring operational efficiency. Located outside city limits with no zoning restrictions, this property offers flexibility and freedom. Its strategic location in Midland County, less than 1.5 miles southeast of the Loop 250 and I-20 intersection, provides excellent access to major transportation routes. Additional features include a stabilized caliche yard and a perimeter security fence. The asking price is $1,450,000, translating to $187.10 per square foot. Estimated availability is June 2024. This turnkey industrial space is ideal for a variety of businesses seeking a modern, efficient, and strategically located facility.

    Property Features for 5102 County Road 128

    General Information

    Property type
    Distribution properties
    Square Feet
    7,750 SF
    Lot Size
    108,900 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • New 7,750 SF industrial building on a 2.5‑acre lot in Midland, TX.
    • Features 1,500 SF of office space with five private offices, a conference room, and a kitchen.
    • Includes a 5,000 SF warehouse and a 1,250 SF wash bay.
    • Equipped with 3‑phase power, a water well, and a septic system.
    • Located less than 1.5 miles from Loop 250 and I‑20 intersection, outside city limits with no zoning restrictions; includes a stabilized caliche yard and perimeter security fence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Food Market Storage Facility Hotel & Motel Accounting Firm Grocery Store Computer & Electronic Repair Pawn Shop Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Midland
    State
    Texas
    Longitude
    -102.13469280324
    Latitude
    31.930158410113

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    FAQs

    What type of property is this?
    Distribution property - 7,750 SF Warehouse, 2.5 Acres, New Construction
    Where is this distribution property located?
    The property is located at 5102 County Road 128 Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: New 7,750 SF industrial building on a 2.5-acre lot in Midland, TX.; Features 1,500 SF of office space with five private offices, a conference room, and a kitchen.; Includes a 5,000 SF warehouse and a 1,250 SF wash bay.
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    Realmo Value Estimation

    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.

    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.

    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
    5102 County Road 128 Odessa, TX 79706
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