Midland Industrial Facility For
For Sale
$1,599,000
S County Rd 1120, Midland, TX 79706
COMMERCIAL - Midland, TX
Property Size10,500 SF
Lot Size4.34 Acres
Price / SF$152.29
Days on Market234
Property Features for S County Rd 1120
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Subdivision
MG3
Standard status
Active
Size
10,500 SF
Lot size
4.34 Acres
Taxes and HOA fees
Tax Description
Acres: 1.290, BLK: 001, LOT:001, DUNN RANCH ESTATES
Tax Annual Amount
23200
Legal Description
Acres: 1.290, BLK: 001, LOT:001, DUNN RANCH ESTATES
Building Details
Year built
2025
Listing Agency:
NRG Realty Group, LLC
(432) 432-7976
Listed By:
Justin Dodd · License #9004023
(214) 534-7976
Added: Dec 9, 2025
Changed: May 14
Last Checked: Jul 31 at 6:06AM
MLS# 50087334
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 10,500 square foot industrial facility is available for sale or lease. Situated on 4.34 acres, the property features a two-story glass entry with 21-foot ceilings, a chandelier, vaulted ceiling, and premium finishes. The warehouse is 15-ton crane ready and includes six 14-foot by 16-foot bay doors, with the option for three more. It has a 24-foot eave height and 400A 480V 3-phase power. An optional 1,500 square foot wash bay is available. The property includes monument signage, a fenced perimeter, landscaping, and optional covered parking for 11 vehicles. It is located on Lot 1 of Dunn Ranch.
Key Highlights
- 15‑ton crane ready warehouse with (6) 14'x16' bay doors, with the option for 3 more.
- 400A 480V 3‑phase power.
- Striking two‑story glass entry with 21' ceilings and premium finishes.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.4k | $13.56 |
| − Vacancy | −$7.8k | −$0.75 |
| EGI | $134.5k | $12.81 |
| − OpEx | −$20.2k | −$1.92 |
| NOI | $114.4k | $10.89 |
10,500 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.91M
NOI $114,367 @ 7.0% cap · market cap 7.15%
Second Best
Industrial
$1.35M
$1.18M – $1.57M
NOI $94,184 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,376 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
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
Properties on Market for Warehouses in Midland
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 10,500 SF industrial facility on 4.34 acres for sale.
Where is this warehouse located?
The property is located at S County Rd 1120 Midland, TX.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 15‑ton crane ready warehouse with (6) 14'x16' bay doors, with the option for 3 more.; 400A 480V 3‑phase power.; Striking two‑story glass entry with 21' ceilings and premium finishes.
