3209 Franklin Ave Midland, TX 79701
This exceptional 7,200-square-foot warehouse, situated on a 0.482-acre lot in Midland, Texas, presents a compelling owner-user or investment opportunity. Priced at $828,000 ($115/sq ft), this property boasts a prime location near downtown Midland, offering convenient access to major transportation routes. Built in 1995, the building features two 14' x 14' overhead doors, providing ample access for loading and unloading. The high ceilings (18' eaves, 20' overall) offer significant storage capacity. The functional layout includes 250 square feet of office space, complete with a private office and two bathrooms (one with a shower). City utilities are readily available, and the property is zoned for commercial use. The warehouse is currently vacant and available for immediate occupancy. Pallet racks are included in the sale price. Lease-to-own options are available, allowing for rental credit towards the purchase price with a long-term lease agreement. This property is zoned for Commercial and Regional Retail use. The property's dimensions are 120' x 60'.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.