Industrial Warehouse with Glass
For Sale
$1,675,000
S County Rd 1120, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size10,500 SF
Lot Size5.57 Acres
Price / SF$159.52
Days on Market308
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
5.57 Acres
Taxes and HOA fees
Tax Description
Acres: 1.842, BLK: 001, LOT:024, DUNN RANCH ESTATES
Tax Annual Amount
19420
Legal Description
Acres: 1.842, BLK: 001, LOT:024, DUNN RANCH ESTATES
Amenities
monument signage
Building Details
Year built
2025
Listing Agency:
NRG Realty Group, LLC
(210) 860-0241
Listed By:
Justin Dodd · License #9004023
(214) 534-7976
Added: Dec 9, 2025
Changed: Oct 12
Last Checked: Oct 13 at 10:06PM
MLS# 50087336
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 warehouse is under construction on 5.57 acres at Lot 25 of Dunn Ranch. The building includes a two-story glass entrance with vaulted ceilings, exposed beams, a chandelier, and premium finishes. Its operational specifications include a 24-foot eave height, 400A 480V 3-phase power, and preparation for a 15-ton crane. Six 14' x 16' bay doors are installed, with capacity for three additional doors. A 1,500-square-foot wash bay and covered parking for 11 vehicles are available as options.
The property is located on S County Rd 1120 in Midland, Texas. Site improvements include monument signage, a fenced perimeter, and landscaped parking areas. Completed construction is identified for 2025, and the property is offered for sale or lease.
The property is located on S County Rd 1120 in Midland, Texas. Site improvements include monument signage, a fenced perimeter, and landscaped parking areas. Completed construction is identified for 2025, and the property is offered for sale or lease.
Key Highlights
- 10,500 SF industrial warehouse on 5.57 acres
- 15‑ton crane‑ready design with 24' eave height
- Six 14' x 16' bay doors, with option for 3 more
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,367
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,287,340
$2.3M
Cap Rate 7%
$1,633,814
$1.6M
Cap Rate 9%
$1,270,744
$1.3M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$142.4K $13.56/SF
− Vacancy
−$7.8K −$0.75/SF
EGI
$134.5K $12.81/SF
− OpEx
−$20.2K −$1.92/SF
NOI
$114.4K $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%
$2,287,340
Cap Rate 7%
$1,633,814
Cap Rate 9%
$1,270,744
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.91M
NOI $114,367 @ 7.0% cap · market cap 6.83%
Second Best
Industrial
$1.35M
$1.18M – $1.57M
NOI $94,184 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,376 @ 7.0% cap · market cap 10.35%
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Under-construction facility with substantial power capacity, multiple loading bays, and a finished two-story entrance.
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 $1,675,000.
What are key features of this property?
This property features: 10,500 SF industrial warehouse on 5.57 acres; 15‑ton crane‑ready design with 24' eave height; Six 14' x 16' bay doors, with option for 3 more
