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OFF-MARKET
Industrial properties

1403 County Road 119 Midland, TX 79706

6,750 SF 4.28 ac lot Built 2018
Property ID
Property summary
AI-generated overview

This exceptional Class A industrial property in Midland, TX offers a versatile 6,750-square-foot building situated on a spacious 4.28-acre lot. Ideally located for convenient access to I-20, this single-tenant property boasts a well-designed layout combining 5,000 square feet of shop space and 1,750 square feet of modern office space. The shop area features a 50-foot width, 20-foot eave height, six 14' x 16' overhead doors configured as two drive-thru bays and two drive-in bays, T5 high bay lighting, and robust 3-phase, 480v, 400-amp power. The office area is finished to a higher standard, including six individual offices, a welcoming reception area, a large breakroom/conference room, and separate restrooms for both the office and shop areas. The property also includes AT&T internet access. The expansive 4.28-acre lot is fully fenced and secured, providing ample space for storage and operations. Future expansion options include the addition of a wash bay and/or crane at an extra cost. The property utilizes well water and a septic sewer system. County zoning ensures flexibility and ease of operation. This property presents a rare opportunity to acquire a high-quality, well-equipped industrial space in a prime location.

Property profile
Verified
Property type Industrial properties
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pegaso Energy Services, LLC. Building 2 Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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