Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3609 County Rd Midland, TX 79706
    Back to Search
    Property profile & analytics

    3609 County Rd, Midland, TX 79706

    View on Map
    • Warehouses
    • 11,600 SF
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3609 County Rd

    Year built
    2024
    Lot size
    2.00 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 11,600-square-foot build-to-suit industrial property presents a prime opportunity in Midland County's rapidly developing industrial sector. Situated on a two-acre lot at the hard corner of Antelope Trail and West County Road 120, this Class A property boasts high visibility and excellent access to major transportation routes. The single-tenant building, constructed in 2024, offers a flexible design catering to distribution, flex, manufacturing, or warehouse needs. A current spec plan includes 3,600 square feet of office space featuring ten offices, reception, kitchen, conference room, bullpen, and two restrooms, all with nine-foot ceilings and an IT closet. The 8,000-square-foot shop area includes two pass-through bays with 14x14 overhead doors and three-phase power; a shop bathroom with an optional shower is also included. The property is fully fenced with an automatic gate. The lease is a triple-net (NNN) at $23 per square foot with a minimum six-year initial term and a three percent annual rent escalation. Estimated triple-net and CAM costs range from $1 to $1.20 per square foot. The building can be customized to tenant specifications or utilize the existing spec plan. An estimated four-month build time is anticipated. Additional yard space may be available depending on the final shop size and lease terms. The property's zoning is City of Midland ETJ, and its APN is R000223885. Frontage measures 267 feet on Antelope Trail and 346 feet on West County Road 1290.

    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
    -102.138
    Latitude
    31.9407

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      9000 County Road 139

      Flex space
      9000 County Road 139, Midland, TX 79706
      View Details
    • Value Estimation by Request
      1 SF

      2319 Crk 155

      Distribution properties
      2319 Crk 155, Midland, TX 79706
      View Details
    • Value Estimation by Request
      11,900 SF

      County Road 157

      Flex space
      0 County Road 157, Midland, TX 79706
      View Details
    • Value Estimation by Request
      5,000 SF

      3106 County Road 153

      Flex space
      3106 County Road 153, Midland, TX 79706
      View Details
    • Value Estimation by Request
      6,750 SF

      1403 County Road 119

      Distribution properties
      1403 County Road 119, Midland, TX 79706
      View Details
    • Value Estimation by Request
      7,500 SF

      3612 County Road 1198

      Flex space
      3612 County Road 1198, Midland, TX 79706
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,700 SF

      4617 County Road 1210

      Distribution centers
      4617 County Road 1210, Midland, TX 79706
      View Details
    • Contact for pricing
      23,054 SF

      Midland Warehouse and Office Facility

      23,054 SF warehouse and office on 9.8 acres.
      3016 S Lamesa Rd, Midland, TX 79706
      View Details
    • Contact for pricing
      55,472 SF

      New Industrial Warehouses on Large Lot

      New industrial warehouses with ample yard space in Midland, Texas.
      3800 S County Rd 1232, Midland, TX 79706
      View Details
    • Contact for pricing
      11,120 SF

      Industrial Property with Fenced Yard

      11,120 SF industrial property on 4.01 acres for sale.
      6600 Highway 80 W, Midland, TX 79706
      View Details
    • Contact for pricing
      82,994 SF

      Midland Industrial/Flex Space Investment

      Fully occupied industrial/flex space in Midland, TX, with value-add potential.
      2600 S County Road 1242, Midland, TX 79706
      View Details
    • $489,000
      3,140 SF

      Midland Shop with Office Space

      Versatile shop with office near Interstate 20 in Midland.
      1317 W County Road 114, Midland, TX 79706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
      View Details
    • Contact for pricing
      7,500 SF

      7,500 SF Industrial Space

      Industrial space with office, shop, and crane available 2025.
      12120 W County Rd 100, Midland, TX 79706
      View Details
    • Contact for pricing
      7,500 SF

      Insulated Buildings with Renovated Office

      7,500 SF insulated buildings with renovated office space for lease.
      3612 S County Road 1198, Midland, TX 79706
      View Details
    • Contact for pricing

      Industrial Facility with Drive-Thru Bays

      11,250 SF industrial facility with office and warehouse space.
      2804 S County Road 1242, Midland, TX 79706
      View Details
    • $12,000 /Mo
      11,250 SF

      Industrial Development Opportunity in Midland

      3.3-acre site with flexible industrial and office space.
      1003 E County Road 140, Midland, TX 79706
      View Details
    • Contact for pricing
      1,500 SF

      Versatile Flex Space For Lease

      Adaptable industrial units near Midland International Airport.
      5301 Cholla Rd, Midland, TX 79706
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3609 County Rd
    Midland, TX 79706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3609 County Rd, Midland, TX, 79706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!