1403 County Road 119 Midland, TX 79706
This exceptional Class A industrial property in Midland, Texas, presents a compelling owner-user opportunity. The 6,750-square-foot building sits on a spacious 4.28-acre lot, offering convenient access to I-20. The property boasts a well-appointed 1,750-square-foot office area featuring six individual offices, a reception area, a large breakroom/conference room, and separate restrooms for the office and shop. The 5,000-square-foot shop area is generously sized at 50 feet wide, equipped with six 14' x 16' overhead doors configured as two drive-thru bays and two drive-in bays. The shop features a 20-foot eave height, T5 high-bay lighting, and robust 3-phase/480v/400 amp power. High-speed AT&T internet is readily available. The property is served by well water and a septic system. The expansive yard is fully fenced and secured, providing ample space for operations and storage. Future expansion options include adding a wash bay and/or crane. The property is zoned County, offering flexibility and minimal restrictions. This turnkey operation is priced at $1,250,000, representing a price per square foot of $185.19. Built in 2018, this single-story building offers a blend of modern amenities and practical functionality, making it an ideal choice for a variety of industrial uses.
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Pegaso Energy Services, LLC. Building 2 Charitable Organization Social Service Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.