1502 Loop 250 Midland, TX 79706
Property Lookup
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Al's Water / Department Store
- MyOverhead Door / Building Supply / General Contractor
- Loop 250 warehouse storage / Storage Facility
- Abco Fire Protection Inc / General Contractor / Security Service
Property Details for 1502 Loop 250
- Lot size
- 0.72 lot acres
- Property size
- 18,504 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This 18,504-square-foot warehouse in Midland, Texas, is situated on a 0.72-acre lot and is currently 100% occupied, offering excellent income generation potential. The property features eight 24'x28' units with 10'x12' roll-up doors and electricity, six 11'x28' units with 10'x12' roll-up doors, and two larger 100'x28' units with multiple 12'x12' doors. The warehouse also includes office space within the central building. Located near the intersection of Loop 250 and 191/Andrews Highway, this property benefits from high visibility and traffic counts, with an average daily traffic count of 46,121 vehicles (TxDOT 2023). The lot is fenced and serviced by city utilities. The asking price is $1,450,000, translating to $78.36 per square foot. The property offers significant upside potential for increasing rental income and lease terms. Annual gross income details are available upon request. This is a prime opportunity for investors seeking a strong return on investment in a desirable Midland location. The 130' frontage on Highway 191 provides exceptional exposure.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -101.98
- Latitude
- 31.8781
