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    Warehouses

    1502 Loop 250, Midland, TX 79706

    18,504 SF 0.72 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Total area 18,504 SF
    Lot 0.72 ac (31,363 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
    • 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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