Midland Commercial Property For
10904 Hwy 191 Midland, TX 79707
10904 Hwy 191, Midland, TX, 79707
$850,000
For Sale
$850,000
COMMERCIAL - Midland, TX
Property Size3,000 SF
Lot Size0.44 Acres
Price / SF$283.33
Days on Market303
Property Features for 10904 Hwy 191
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Description
- BLK: 001, LOT 020, WEST 191 INDUSTRIAL PARK SEC 9
- Tax Annual Amount
- 9263
Building Details
- Year built
- 2023
Listing agency
The Real Estate Ranch LLC
(432) 688-8200
Listed by
Shana Curry
(432) 556-7333
Added: Sep 23, 2025 Updated: May 14 at 3:00PM Checked: Jul 22 at 7:06PM
MLS# 50085543
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is located off Hwy 191 between Midland and Odessa, with convenient access to FM 1788, Andrews, and the Interstate. Built approximately two years ago, the property features 1500 square feet of office space and 1500 square feet of shop space. The entire property is fully fenced. The office area includes a reception area, three offices, a workroom, storage space, a kitchen, and a full bathroom with a shower. The workshop is equipped with RV hookups, storage, a 14-foot door, and a tool cage. The property is situated on a 0.44-acre lot in Midland, Texas.
Key Highlights
- Prime location off Hwy 191, providing easy access to Midland, Odessa, Andrews, and Gardendale.
- Combination of 1500 sq ft office space and 1500 sq ft shop space.
- Built in 2023, indicating modern construction.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $19.20 |
| − Vacancy | −$9.2k | −$3.07 |
| EGI | $48.4k | $16.13 |
| − OpEx | −$12.1k | −$4.03 |
| NOI | $36.3k | $12.10 |
3,000 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 4.27%
Second Best
Warehouse
$466.8K
$408.5K – $544.6K
NOI $32,676 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$707.7K
$619.2K – $825.6K
NOI $49,536 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 3000 SF commercial property in a prime Midland location.
Where is this flex space located?
The property is located at 10904 Hwy 191 Midland, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location off Hwy 191, providing easy access to Midland, Odessa, Andrews, and Gardendale.; Combination of 1500 sq ft office space and 1500 sq ft shop space.; Built in 2023, indicating modern construction.
