Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    10906 State Highway 191 Midland, TX 79707

    Sponsored
    For Lease
    $7,000 /Mo ($28 SF/Yr)

    SINGLE_FAMILY - Midland, TX

    Type:Office
    Property size:
    3,000 SF
    Lot size:
    0.06 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 25 at 1:06 pm

    Property Features for 10906 State Highway 191

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    453008377
    Fencing
    Fenced, Chain Link
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Central Hot Water
    Size
    3,000 SF
    Lot size
    0.06 Acres

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    2023
    Building materials
    Concrete, Metal Construction, Metal Siding, Metal Studs
    Roof type
    Metal

    We can help!

    Listing Contact
    Deborah Julian

    Heritage Real Estate (432) 701-0550

    Listing agent Deborah Julian (432) 934-2295

    Listing date Jan 18, 2026

    MLS# 165715

    Copyright © 2026 Odessa 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.

    Learn more

    Property Insight Report

    Overview

    Executive Office Suites with Warehouse

    Class A executive office suites featuring two conference rooms, eight offices, a kitchen, and a full bath. The property includes fiber optics connectivity. A small warehouse is also present, equipped with a 14-foot overhead automatic door. The premises are secured with a fenced yard and connected to city water and sewer services. The property will be available for rent starting February 2026. The property is located in Midland, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Hair Salon Storage Facility Electrical Service Cafe & Coffee Shop Shopping Mall Carpet & Flooring Store Bookstore Parking Facility Kitchen & Bath Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.2470601
    Latitude
    31.9778008

    Nearby Similar for Lease

    • $6,225 /Mo
      5,000 SF

      Midland Office Space For Lease

      Highly visible office space available for lease in Midland, TX.
      3900 State Highway 158 E, Midland, TX 79706
      View Details
    • $131,400
      77,972 SF

      Industrial Property in Midland, Texas

      Industrial property available for lease in Midland, Texas.
      12113 Jordy, Midland, TX 79707
      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
    • $24,000
      20,000 SF

      Midland Flex Space with Cranes

      20,000 SF commercial space with overhead cranes for lease.
      2106 Fm 1788, Midland, TX 79707
      View Details
    • $2,500 /Mo
      1,770 SF

      Retail Space on Wall Street

      1,770 SF retail space with high visibility in Midland.
      2816 W Wall St, Midland, TX 79701
      View Details
    • Contact for pricing
      14,000 SF

      Unique Industrial Property with Employee Housing

      Versatile industrial property featuring office, shop, wash-bay, and employee housing.
      4311 E County Road 45, Midland, TX
      View Details
    • $18,750 /Mo
      11,250 SF

      Versatile Industrial Property with Living Quarters

      Industrial asset featuring shop, office, living quarters, and covered parking.
      5819A W Crk 123, Midland, TX
      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
    • $30 SF/Yr
      1,395 SF

      Unique Office Space in Midland

      Plug-and-play office space in the Claydesta area.
      15 Smith Rd, Midland, TX 79705
      View Details
    • $11 SF/Yr
      1,500 SF

      Versatile Flex Space For Lease

      Adaptable industrial units near Midland International Airport.
      5301 Cholla Rd, Midland, TX
      View Details
    • $18,000 /Mo
      13,905 SF

      Industrial Building with Crane and Wash-Bay

      13,905 SF industrial building with crane and wash-bay available for sublease.
      3710 S County Road 1276, Midland, TX 79706
      View Details
    • $10,500 /Mo
      8,420 SF

      Versatile Warehouses and Shop Space

      Two buildings totaling 8,420 SF on 5.37 acres.
      2405 E County Road 123, Midland, TX 79706
      View Details

    FAQs

    What type of property is this?
    Office space - Class A office suites with warehouse, available February 2026.
    Where is this office space located?
    The property is located at 10906 State Highway 191 Midland, TX.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Class A executive office suites.; - Small warehouse featuring a 14' overhead automatic door and fenced secured yard.; - Benefit from two conference rooms and eight offices.
    (432) 934-2295
    Request Owner's contact information
    10906 State Highway 191 Midland, TX 79707
    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.
    10906 State Highway 191
    Midland, TX 79707
    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
    10906 State Highway 191 Midland, TX 79707
    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

    We can help!
    Listing Contact
    Deborah Julian
    Real Estate License ID: TREC 0658250
    (432) 934-2295
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.