Property profile

3209 Franklin Ave Midland, TX 79701

OFF-MARKET
Warehouses
7,200 SF 0.48 ac lot Built 1995
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Property summary

AI-generated overview

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'.

Property profile

Verified
Property type Warehouses
Year built 1995
Total area 7,200 SF
Lot 0.48 ac (20,996 SF)

Cap rate & NOI

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

Location

3209 Franklin Ave Midland, TX 79701
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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