5102 County Road 128 Odessa, TX 79706
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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