Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3811 County Rd Midland, TX 79706

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3811 County Rd Midland, TX 79706

    View on Map
    • Warehouses
    • 15,221 SF
    • 3.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3811 County Rd

    Year built
    2019
    Lot size
    3.00 lot acres
    Property size
    15,221 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional investment opportunity presents a fee-simple, 15,221-square-foot warehouse in Midland, Texas. The property, built in 2019 and situated on three acres, boasts a fresh 10-year net lease (NNN) with Park City Drilling, commencing May 31, 2022, and expiring November 29, 2034. The lease includes a 7.5% rent bump in year six, ensuring consistent income growth. The property features 22-foot ceilings, multiple drive-in bays, a wash/test system plumbed to holding tanks, 3-phase heavy power, and a (3) 5-ton overhead bridge crane. The building also includes approximately 2,350 square feet of office space with private offices, a conference room, and a dispatch area. This mission-critical location serves as Park City Drilling's primary Permian Basin operation base, demonstrating a strong commitment to the site. The property's strategic location within a new industrial park provides immediate access to Interstate 20 and Loop 250. With a current NOI of $275,000 and an 8.00% cap rate, this offering presents a compelling return on investment. The asking price is $3,436,000, translating to $225.74 per square foot. The property is 100% occupied. This is a single-tenant, net lease investment with minimal landlord responsibilities (roof and structure).

    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
    -102.143
    Latitude
    31.9374

    Comparable in this City

    • Value Estimation by Request
      18,504 SF

      1502 Loop 250

      Distribution properties • 18,504 SF
      1502 Loop 250, Midland, TX 79706
      View Details
    • Value Estimation by Request
      27,488 SF

      3707 County Road 1210

      Distribution properties • 27,488 SF
      3707 County Road 1210, Midland, TX 79706
      View Details
    • Value Estimation by Request
      1 SF

      2319 Crk 155

      Distribution properties • 1 SF
      2319 Crk 155, Midland, TX 79706
      View Details
    • Value Estimation by Request
      25,000 SF

      1-6 Antelope Trl

      Distribution properties • 25,000 SF
      1-6 Antelope Trl, Midland, TX 79706
      View Details
    • Value Estimation by Request
      23,054 SF

      3110 County Road 1180

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

      2411 County Road 140

      Distribution properties • 10,000 SF
      2411 County Road 140, Midland, TX 79706
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,700 SF

      4617 County Road 1210

      Distribution centers • 7,700 SF
      4617 County Road 1210, Midland, TX 79706
      View Details
    • $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
      View Details
    • $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
      View Details
    • 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
      View Details
    • 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
      View Details
    • $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
      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

      Versatile Flex Space Available

      20,894 SF flex space on 3.83 acres for lease.
      1501 N Fairgrounds Rd, Midland, TX 79706
      View Details
    • Contact for pricing

      Midland Industrial Office/Warehouse with Wash-Bay

      Industrial property with shop, office space, wash-bay, and large yard.
      10200 W County Road 160, Midland, TX 79706
      View Details
    • Contact for pricing

      Industrial Building with Crane

      10,500 SF industrial building with office space for lease.
      2708 S County Road 1242, Midland, TX 79706
      View Details
    • Contact for pricing
      11,250 SF

      Versatile Industrial Property with Living Quarters

      Industrial asset featuring shop, office, living quarters, and covered parking.
      5819A W County Road 123, Midland, TX 79706
      View Details
    • Contact for pricing
      24,000 SF

      New Build-to-Suit Industrial Facility

      Customizable 24,000 SF industrial space with expansion options available.
      9901 West County Road 133, 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.
    3811 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

    3811 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!