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    9806 County Road 150 Midland, TX 79706

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    9806 County Road 150 Midland, TX 79706

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    • Warehouses
    • 15,000 SF
    • 4.13 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 9806 County Road 150

    Lot size
    4.13 lot acres
    Property size
    15,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.196
    Latitude
    31.8818

    Comparable in this City

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      27,488 SF

      3707 County Road 1210

      Distribution properties • 27,488 SF
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      1 SF

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      25,000 SF

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      23,054 SF

      3110 County Road 1180

      Distribution properties • 23,054 SF
      3110 County Road 1180, Midland, TX 79706
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    • Value Estimation by Request
      10,000 SF

      2411 County Road 140

      Distribution properties • 10,000 SF
      2411 County Road 140, Midland, TX 79706
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    Similar Nearby for Sale

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      7,700 SF

      4617 County Road 1210

      Distribution centers • 7,700 SF
      4617 County Road 1210, Midland, TX 79706
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    • $1,450,000
      7,500 SF

      Midland Commercial Property with Warehouse

      7,500 SF commercial property on 8.02 acres in Midland.
      3119 N County Rd 1108, Midland, TX 79706
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    • $2,203,750
      10,750 SF

      Midland Commercial Building on Acreage

      New construction flex space with office, warehouse, and wash-bay.
      5620 Fm 1788, Midland, TX 79706
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    • Contact for pricing
      20,894 SF

      Versatile Mixed-Use Property in Midland

      20,894 SF mixed-use property with office, shop, and tote facility.
      1501 N Fairgrounds Rd, Midland, TX 79706
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    • Contact for pricing
      7,750 SF

      New Industrial Space in Midland

      New construction industrial space for lease or purchase in Midland.
      5102 S County Road 128, Midland, TX 79706
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    • $2,250,000
      7,500 SF

      Industrial Property Near Garden City

      Industrial building with office, shop, and wash bay.
      4516 E County Road 130, Midland, TX 79706
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    Similar Nearby for Lease

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      569,765 SF

      West Odessa Industrial Land - 13 Acres

      Build-to-suit, laydown yard, outside storage. Prime I-20 location.
      0 Tbd Interstate 20, Midland, TX 79706
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      Industrial Space with Office

      2,000 SF flex space with shop and office.
      7601 W Industrial Ave, Midland, TX 79706
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    • Contact for pricing

      Midland Industrial Facility with Cranes

      27,488 SF industrial facility with cranes for rent.
      3707 S County Road 1210, Midland, TX 79706
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      Industrial Facility with Drive-Thru Bays

      11,250 SF industrial facility with office and warehouse space.
      2804 S County Road 1242, Midland, TX 79706
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    • $17 SF/Yr

      New Industrial Space, Midland, TX

      New construction industrial space with perimeter fencing, convenient location.
      5209 S County Road 1183, Midland, TX 79706
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    • Contact for pricing
      13,905 SF

      Industrial Building with Crane and Wash-Bay

      13,905 SF industrial building with crane and wash-bay available for sublease.
      3710 S County Road 1276, Midland, TX 79706
      View Details
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    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
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