Property profile

1212 Midland Dr Midland, TX 79703

OFF-MARKET
Warehouses
3,000 SF Built 2023
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Property summary

AI-generated overview

This exceptional investment opportunity presents six individual warehouse suites totaling 18,000 square feet of leasable space within Midland, Texas's thriving industrial park. The property, situated on a generous 1.6-acre lot, features six buildings constructed in 2023, offering a mix of unit sizes to accommodate diverse business needs. Two buildings are standalone units, each offering 3,000 square feet of space. The remaining four buildings provide a combined 12,000 square feet, with two buildings each featuring a 6,000-square-foot space and an attached, but separately accessible, 3,000-square-foot unit. Each suite benefits from convenient access to city utilities, ample paved parking, and a secure fenced yard or storage area. The property is ideally suited for a variety of industrial uses and offers significant potential for rental income. Estimated completion is November 2024, presenting a timely opportunity to secure prime industrial space in a rapidly growing market. The address is 1208 & 1212 S Midland Drive, Midland, TX 79703. This is a rare chance to acquire a modern, well-designed industrial property with multiple income streams in a desirable location.

Property profile

Verified
Property type Warehouses
Year built 2023
Total area 3,000 SF

Cap rate & NOI

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

Location

1212 Midland Dr Midland, TX 79703
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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