Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1703 County Rd 1120 Midland, TX 79706-4760

    • Industrial properties
    • 54,000 SF
    • 160.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-7980123
    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.

    Current Use by Public Records

    • TerraTech Services Permian Basin / Warehouse
    • TerraTech Services, A Sooner Inc. Company / Pipe Supplier

    Property Details for 1703 County Rd 1120

    Year built
    2018
    Lot size
    160.00 lot acres
    Property size
    54,000 SF
    Property type
    Industrial properties
    APN
    R000002815
    APU
    R000002815

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,085,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,336,000
      Market price range: $2.34M - $4.90M

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -101.974
    Latitude
    32.0358
    CBSA code
    33260
    CBSA name
    MIDLAND, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,471
    $1,600,000
    $874,110
    $2,474,110
    -
    $1,600,000
    $874,110
    $2,474,110

    Comparable in this City

    • Value Estimation by Request
      27,488 SF

      3707 County Road 1210

      Distribution properties • 27,488 SF
      3707 County Road 1210, Midland, TX 79706
      View Details
    • Value Estimation by Request

      01130 O St

      Land
      01130 O St, Midland, TX 79706
      View Details
    • Value Estimation by Request
      5.12 Acres

      4601 Fm 307

      REFINERY, PETROLEUM PRODUCTS • 5.12 Acres
      4601 Fm 307, Midland, TX 79706-4860
      View Details
    • Value Estimation
      $1,010,000
      15,100 SF

      Tucker Rd

      REFINERY, PETROLEUM PRODUCTS • 15,100 SF
      Tucker Rd, Midland, TX 79706
      View Details
    • Value Estimation
      $780,000
      10,000 SF

      2405 County Rd 120

      REFINERY, PETROLEUM PRODUCTS • 10,000 SF
      2405 County Rd 120, Midland, TX 79706
      View Details
    • Value Estimation
      $1,990,000
      34,200 SF

      County Rd 90

      REFINERY, PETROLEUM PRODUCTS • 34,200 SF
      County Rd 90, Midland, TX 79706
      View Details

    Similar Nearby for Sale

    • $1,450,000
      7,750 SF

      Midland Industrial Warehouse For Sale

      7,750 SF Warehouse, 2.5 Acres, New Construction
      5102 County Road 128, Odessa, TX 79706
      View Details
    • $1,300,000
      2,500 SF

      Midland Industrial Property with Shop

      Commercial property on almost 4 acres with shop.
      2312 W County Road 142, Midland, TX 79706
      View Details
    • $8,700,000
      138,125 SF

      Midland Industrial Complex

      138,125 SF, 43+ Acres, $8.7M
      2600 County Road 130, Midland, TX 79706
      View Details
    • $1,860,000

      Midland Commercial/Industrial Opportunity

      Versatile industrial property on 3 acres in Midland's energy hub.
      1814 E County Road 120, Midland, TX 79706
      View Details
    • $2,250,000
      7,500 SF

      Midland Industrial Building - 5 Acres

      New Construction, 7500 sq ft, 5 acres
      4516 County Road 130, Midland, TX 79706
      View Details
    • $1,800,000
      15.00 Acres

      I-20 Midland Industrial Land

      15-acre industrial lot, prime I-20 location.
      0 I-20, Midland, TX 79706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      215,186 SF

      Midland, TX Build-to-Suit Lots

      3-5 acre lots, prime Midland location.
      1130 & Fm 307, Midland, TX 79706
      View Details
    • $18 SF/Yr
      20,894 SF

      Midland County Office Complex

      Versatile Office, Shop, & Storage
      1501 Fairgrounds Rd, Midland, TX 79706
      View Details
    • $5,800 /Mo
      5,017 SF

      Industrial Space with Crane Access

      Sublease opportunity with overhead crane, office, and yard space.
      7903 W Industrial Ave, Midland, TX 79706
      View Details
    • Contact for pricing

      Crane Ready Warehouse For Lease

      7,500 SF warehouse with 1,800 SF office space.
      1901 S County Road 1150, Midland, TX 79706
      View Details
    • Contact for pricing
      24,000 SF

      New Build-to-Suit Industrial Facility

      Customizable 24,000 SF industrial space with expansion options available.
      9901 West County Road 133, Midland, TX 79706
      View Details
    • Contact for pricing
      27,488 SF

      Midland, TX Industrial Warehouse

      27,488 SF Shop, 6 Acres, Wash Bay
      3707 County Road 1210, Midland, TX 79706
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1703 County Rd 1120
    Midland, TX 79706-4760
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.