Three-Bay Flex
For Sale
$650,000
1100 County Rd 1136, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size3,780 SF
Lot Size3.00 Acres
Price / SF$171.96
Days on Market11
Property Features for 1100 County Rd 1136
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
38-T1S
Standard status
Active
Size
3,780 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
Legal: Acres: 3.000, NW/4, SEC: 39, BLK: 38-T1S
Tax Annual Amount
3199
Legal Description
Legal: Acres: 3.000, NW/4, SEC: 39, BLK: 38-T1S
Building Details
Year built
2021
Listing Agency:
Home Charm Realty, LLC
(432) 559-7703
Listed By:
Sylvia Dominguez · License #TREC 0572390
(432) 254-3000
Added: Sep 27
Last Checked: Oct 7 at 5:06PM
MLS# 50098544
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 flex property includes a 3,780-square-foot shop built in 2021, with a three-bay layout measuring 40 by 80 feet. The building sits on 3 acres and is served by a private water well and septic system.
Located in Midland, the property combines a shop building with acreage and on-site water and wastewater systems.
Located in Midland, the property combines a shop building with acreage and on-site water and wastewater systems.
Key Highlights
- 3,780‑square‑foot shop on 3 acres
- Three‑bay shop measures 40' x 80'
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,906
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,120
$678.1K
Cap Rate 7%
$484,371
$484.4K
Cap Rate 9%
$376,733
$376.7K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$51.3K $13.56/SF
− Vacancy
−$2.8K −$0.75/SF
EGI
$48.4K $12.81/SF
− OpEx
−$14.5K −$3.84/SF
NOI
$33.9K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,120
Cap Rate 7%
$484,371
Cap Rate 9%
$376,733
Alternative Uses
Best Use
Industrial
$484.4K
$423.8K – $565.1K
NOI $33,906 @ 7.0% cap · market cap 5.22%
Second Best
Flex RnD
$475.1K
$415.7K – $554.3K
NOI $33,258 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79706, TX
31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A private well and septic system serve the property's shop and surrounding acreage.
Where is this flex space located?
The property is located at 1100 County Rd 1136 Midland, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,780‑square‑foot shop on 3 acres; Three‑bay shop measures 40' x 80'; Built in 2021
