Industrial Warehouse with Glass
For Sale
$1,375,000
S County Rd 1120, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size7,500 SF
Lot Size3.18 Acres
Price / SF$183.33
Days on Market318
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
7,500 SF
Lot size
3.18 Acres
Taxes and HOA fees
Tax Description
Acres: 1.398, BLK: 001, LOT:011, DUNN RANCH ESTATES
Tax Annual Amount
25160
Legal Description
Acres: 1.398, BLK: 001, LOT:011, DUNN RANCH ESTATES
Building Details
Year built
2025
Listing Agency:
NRG Realty Group, LLC
(210) 860-0241
Listed By:
Justin Dodd
(214) 534-7976
Added: Dec 9, 2025
Changed: Oct 12
Last Checked: Oct 23 at 12:06AM
MLS# 50087335
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.
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Investment Insights
Based on property information with market context.
Available for sale or lease, this under-construction warehouse provides 7,500 square feet on 3.18 acres in Dunn Ranch. The building includes a two-story glazed entrance with vaulted ceilings, exposed structural beams, a chandelier, and premium finishes. Warehouse specifications include 24-foot eave height, readiness for a 15-ton crane, four 14-foot by 16-foot bay doors with the option to add a fifth, and 400A 480V three-phase power. A 1,500-square-foot wash bay is available as an option.
Site improvements include a fenced perimeter, landscaping, and monument signage. Covered parking for 11 vehicles is also available as an option. The property is located on S County Rd 1120 in Midland, Texas, and carries a 2025 construction year.
Site improvements include a fenced perimeter, landscaping, and monument signage. Covered parking for 11 vehicles is also available as an option. The property is located on S County Rd 1120 in Midland, Texas, and carries a 2025 construction year.
Key Highlights
- 7,500 SF warehouse on 3.18 acres
- 15‑ton crane‑ready building with 24' eave height
- Four 14'x16' bay doors, with an option for a 5th
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,691
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,633,820
$1.6M
Cap Rate 7%
$1,167,014
$1.2M
Cap Rate 9%
$907,678
$907.7K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$101.7K $13.56/SF
− Vacancy
−$5.6K −$0.75/SF
EGI
$96.1K $12.81/SF
− OpEx
−$14.4K −$1.92/SF
NOI
$81.7K $10.89/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,633,820
Cap Rate 7%
$1,167,014
Cap Rate 9%
$907,678
Alternative Uses
Best Use
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,691 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
28
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
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Under-construction industrial space combines high-capacity utilities, multiple loading bays, and a secured, landscaped site.
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 $1,375,000.
What are key features of this property?
This property features: 7,500 SF warehouse on 3.18 acres; 15‑ton crane‑ready building with 24' eave height; Four 14'x16' bay doors, with an option for a 5th
