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    1503 Industrial Ave Midland, TX 79701
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    Property profile & analytics

    1503 Industrial Ave Midland, TX 79701

    View on Map
    • Distribution centers
    • 23,688 SF
    • 0.61 lot acres
    Off-Market
    Property ID
    US82-2987472
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ACN Appliance LLC / Home Appliance Store

    Property Details for 1503 Industrial Ave

    Year built
    1957
    Lot size
    0.61 lot acres
    Property size
    23,688 SF
    Property type
    Distribution centers

    Description

    This exceptional warehouse property, located at 1503 West Industrial Avenue in Midland, Texas, presents a compelling investment opportunity. The building, constructed in 1957, offers a substantial 23,688 square feet of warehouse space situated on a 0.61-acre lot. Its strategic location provides easy access to Interstate 20, enhancing logistical efficiency. The warehouse features three convenient overhead doors, facilitating smooth loading and unloading operations. A generous 20-foot clear height throughout the interior maximizes storage and operational flexibility. The asking price is $350,000, translating to a price per square foot of $14.78. The property benefits from a high annual average daily traffic count of 1,528 vehicles (according to TxDOT data). This well-positioned warehouse is ready for immediate occupancy and presents a significant value-add potential for a discerning buyer seeking a substantial industrial space in a thriving Texas market. The property's size and features make it suitable for a wide range of businesses requiring ample storage and convenient access. This is a rare opportunity to acquire a well-located, sizable warehouse in Midland, Texas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0869592
    Latitude
    31.9884003

    Comparable in this City

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      Midland Warehouse and Office Facility

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      Midland Commercial Property For Sale

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      Midland Commercial Property on 2.81 Acres

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      Former Dealership on 5 Acres

      39,467 SF facility suitable for automotive, fleet, or industrial uses.
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    Similar Nearby for Sale

    • $4,050,000
      23,054 SF

      Midland Warehouse and Office Facility

      23,054 SF warehouse and office on 9.8 acres.
      3016 S Lamesa Rd, Midland, TX 79701
      View Details
    • $7,498,730
      39,467 SF

      Former Dealership on W Wall

      39,467 SF facility on 5.003 Acres for sale.
      3705 W Wall St, Midland, TX 79701
      View Details
    • $450,000
      3,200 SF

      Midland Commercial Property For Sale

      3,200 SF commercial building with office and gated yard.
      1609 E Taylor Ave, Midland, TX 79701
      View Details
    • $1,600,000
      20.00 Acres

      Midland Land with Water Wells

      20-acre property featuring a shop, apartment, and multiple water wells.
      6301 County Road 1178, Midland, TX 79701
      View Details
    • $1,499,999
      17,678 SF

      Midland Commercial Property on 2.81 Acres

      17,678 SF commercial property on 2.81 acres in Midland, TX.
      1506 E New Jersey Ave, Midland, TX 79701
      View Details
    • $7,498,730
      39,467 SF

      Former Dealership on 5 Acres

      39,467 SF facility suitable for automotive, fleet, or industrial uses.
      3705 W Wall St, Midland, TX 79701
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
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      Office/Warehouse with Crane and Wash

      11,250 SF office/warehouse with crane, wash bay, and fenced yard.
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    • $1.00 SF/Yr
      4,800 SF

      Flex Space with Office/Warehouse

      4,800 SF flex space featuring office and warehouse components.
      311 E Illinois Ave, Midland, TX 79701
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    • Contact for pricing

      Functional Industrial Property in Midland

      Two-building industrial property with flexible warehouse and office space.
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    • Contact for pricing
      8,100 SF

      Industrial Facility with Secured Yard

      8,100 SF industrial facility with 2.49 acre secured yard.
      3430 W Gist Ave, Midland, TX 79701
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      Freestanding Office Building For Lease

      Freestanding office building with secured yard on West I-20.
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    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 1,200 SqFt in Midland, TX.
      3205 W Cuthbert Ave, Midland, TX 79701
      View Details
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    Midland, TX 79701
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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