Property profile

3612 County Road 1198 Midland, TX 79706

OFF-MARKET
Other industrial properties
Property ID
US82-9442725
7,500 SF 1.53 ac lot Built 1996
Entity Owned 1-yr Hold
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Property summary

AI-generated overview

The property consists of two fully insulated buildings totaling approximately 7,500 square feet on a 1.53-acre lot. The main office/shop building provides about 5,000 square feet and includes a renovated 2,000-square-foot office area with two large offices, a breakroom, and a conference room, as well as a one-bedroom, one-bathroom apartment. A 3,000-square-foot warehouse component includes heaters, a tool cage, and a storage room, with overhead loading access via two 16-foot overhead doors that provide approximately 20-foot eave height, and one 14-foot overhead door with approximately 17-foot eave height. A second warehouse building adds approximately 2,500 square feet of space. The site is enclosed with fencing and includes a manual gate for controlled access.

Property profile

Verified
Property type Other industrial properties
Year built 1996
Total area 7,500 SF
Lot 1.53 ac (66,647 SF)
UPID US82-9442725

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Construction Company
  • General Contractor Construction Company

Location

3612 County Road 1198 Midland, TX 79706
Midland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

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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