Property profile

1403 County Road 119 Midland, TX 79706

OFF-MARKET
Warehouses
6,750 SF 4.28 ac lot Built 2018
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Year built 2018
Total area 6,750 SF
Lot 4.28 ac (186,437 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency

Location

1403 County Road 119 Midland, TX 79706
Midland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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