2900 Elkins Rd - Warehouse FOR SALE


Midland, TX 79705
$750,000 USD
972-755-5223
2900 Elkins Rd, Midland, TX for Sale
$750,000 USD
Warehouse - FOR SALE
1/6
null | Request Cap Rate

2900 Elkins Rd
Midland, TX 79705


HIGHLIGHTS

  • Two-Building 13,150-Square-Foot Industrial Asset Situated on 3.48 Acres
  • Featuring Metal Construction, 12 Grade-Level Doors, Five Units, & Only 2 Percent Office Space
  • Includes Vacant 7,000 SF Facility & 6,150 SF Building Fully Occupied by 3 Auto Mechanics on MTM Gross Leases, Creating Lease-up/Owner-User Opportunity
  • Priced Below Replacement Cost with Only Two Other Industrial Buildings Available for Lease within a Two-Mile Radius During Q1 2026
  • Located Inside Loop 250 at the Intersection of Elkins Road and County Road 72, 3.8 Miles from Interstate 20
  • Midland Market Metrics: 8.6% Vacancy Rate and -0.7 Percent Annual Rent Growth in 2025, Only 0.3 Percent of Inventory Under Construction at 2026 Start

OVERVIEW

The property is a two-building industrial asset situated on 3.48 acres of land, offering a total of 13,150 square feet of space. The buildings feature metal construction and have a total of 12 grade-level doors, providing easy access for loading and unloading. The property is divided into five units, with only 2% of the space dedicated to office use. This leaves a significant amount of room for industrial or warehouse activities. The property's design and layout make it an attractive option for businesses that require easy access and ample space. The metal construction of the buildings also provides a durable and low-maintenance option for owners. The property's size and layout make it suitable for a variety of industrial uses. The property includes a vacant 7,000-square-foot facility and a 6,150-square-foot building that is fully occupied by three auto mechanics on month-to-month gross leases. This creates a unique opportunity for investors, as they can choose to lease up the vacant space or occupy it themselves. The month-to-month leases provide a steady stream of income, while the vacant space offers the potential for additional revenue. The property's location and design make it an attractive option for a variety of businesses, from industrial users to owner-occupiers. The fact that the property is priced below replacement cost makes it an even more appealing option for investors. The property's value is further enhanced by its location, which provides easy access to major transportation routes. The surrounding area is also experiencing low vacancy rates and limited new construction. The property is located inside Loop 250 at the intersection of Elkins Road and County Road 72, just 3.8 miles from Interstate20. This strategic location provides easy access to major transportation routes, making it an ideal location for businesses that require quick and easy shipping and receiving. The Midland market is also experiencing a low vacancy rate of 8.6% and limited new construction, with only 0.3% of inventory under construction at the start of 2026. The annual rent growth in the area was -0.7% in 2025, indicating a stable and competitive market. The property's location and market conditions make it an attractive option for investors and owner-occupiers alike. The limited availability of industrial space in the area, with only two other buildings available for lease within a two-mile radius, further enhances the property's value and potential for long-term appreciation. The property's unique combination of location, design, and market conditions make it a rare and valuable opportunity in the Midland market.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

UTILITIES

Lighting - Fluorescent, Water - Well, Sewer - Septic Field

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

12

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.48

LAND SF

151,589

ZONING

-

APN/PARCEL ID

R000206-786

ASK ABOUT THIS PROPERTY

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.