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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9604 County Road 152 Midland, TX 79706

    • Investment properties
    • 9,480 SF
    • 2.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0470284
    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

    • Investment properties

    Property Details for 9604 County Road 152

    Year built
    1980
    Lot size
    2.02 lot acres
    Property size
    9,480 SF
    Property type
    Investment properties

    Description

    This exceptional 9,480 square foot property, situated on a generous 2.02-acre lot in Midland, Texas, presents a unique business opportunity. Ideally located near the intersection of Highway 1788 and I-20, this property boasts unparalleled accessibility and high visibility. The existing improvements include a substantial 5-bedroom, 5-bathroom man camp, perfect for accommodating a workforce or providing ample living space. The property also features a large, well-maintained caliche lot, an automated gate ensuring security, a convenient wash bay, and a sizable shop. This combination of features makes it an ideal location for a variety of businesses. The expansive lot offers significant room for expansion or additional development. The property is available for lease at $13,000 per month on a triple net lease basis, offering a flexible and cost-effective option for potential tenants. The strategic location, combined with the existing infrastructure and ample space, makes this property a truly exceptional investment opportunity in a thriving Texas market. The property's combination of residential and commercial features provides a unique and versatile space for a wide range of business ventures. Serious inquiries are encouraged to explore the potential of this remarkable property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1902
    Latitude
    31.88075

    Comparable in this City

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      Midland Creative Office Complex

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      Midland Industrial Warehouse For Sale

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      Midland Commercial Investment Opportunity

      High-Yield, Multi-Tenant Property in Midland, TX
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    • $2,100,000
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      Midland, TX Commercial Land - $2.1M

      3.43-acre commercial lot, prime retail location.
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    • $75,000
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      2.28 Acres in Greenwood ISD

      2.28 acres in Greenwood ISD with no restrictions.
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    • $92,500
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      Residential Lot in Greenwood Estates

      0.694 acre lot in Greenwood Country Estates, Midland, TX.
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    Similar Nearby for Sale

    • $1,250,000
      32,653 SF

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      32,653 SF Office Building, Prime Location
      9930 Highway 80, Midland, TX 79706
      View Details
    • $1,450,000
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      Midland Industrial Warehouse For Sale

      7,750 SF Warehouse, 2.5 Acres, New Construction
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    • $1,200,000
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      Midland Commercial Investment Opportunity

      High-Yield, Multi-Tenant Property in Midland, TX
      3704 County Road 1223, Midland, TX 79706
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    • $2,100,000
      3.43 Acres

      Midland, TX Commercial Land - $2.1M

      3.43-acre commercial lot, prime retail location.
      6401 Deauville Blvd, Midland, TX 79706
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    • $75,000
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      2.28 Acres in Greenwood ISD

      2.28 acres in Greenwood ISD with no restrictions.
      1503 N County Rd, Midland, TX 79706
      View Details
    • $92,500
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      Residential Lot in Greenwood Estates

      0.694 acre lot in Greenwood Country Estates, Midland, TX.
      15 S County Rd 1054, Midland, TX 79706
      View Details

    Similar Nearby for Lease

    • $216 SF/Yr

      Midland, TX Commercial Land Opportunity

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      Gateway Plaza Retail Space Available

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      Midland County Office Complex

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    • $16 SF/Yr
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      Industrial/Office Building For Lease

      9,000 square foot industrial/office building available for lease.
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    • $5,500 /Mo

      5.64 Acres of Fenced Land

      5.64 acres of fenced land available for rent.
      1283 E County Road 140, Midland, TX 79706
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    • Contact for pricing

      Crane Ready Warehouse For Lease

      7,500 SF warehouse with 1,800 SF office space.
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    9604 County Road 152
    Midland, TX 79706
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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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