Remodeled Flex Property with
For Sale
$825,000
1611 E Taylor, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size8,000 SF
Lot Size1.00 Acre
Price / SF$103.13
Days on Market37
Property Features for 1611 E Taylor
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Carol Crest
Standard status
Active
Size
8,000 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Acres: 0.212, BLK: 017,LOT: 029 & E.4 OF LOT 30,ADDN: CAROL CREST,(UNRECORDED),SEC 1 BLK 39-T2S Acres: 0.386, BLK: 017, LOT: 030 W.58 & ALL OF, ADD
Tax Annual Amount
3295
Legal Description
Acres: 0.212, BLK: 017,LOT: 029 & E.4 OF LOT 30,ADDN: CAROL CREST,(UNRECORDED),SEC 1 BLK 39-T2S Acres: 0.386, BLK: 017, LOT: 030 W.58 & ALL OF, ADD
Building Details
Year built
1983
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Brian Savage · License #0584754
(432) 599-4496
Added: Aug 3
Changed: Sep 3
Last Checked: Sep 8 at 2:06AM
MLS# 50097263
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.
Located at 1611 E Taylor in Midland, this flex property comprises two buildings totaling 8,000 square feet across 1 acre. The larger building contains 4,800 square feet on 0.6 acres, while the second building provides 3,200 square feet on 0.4 acres.
Improvements include approximately 600 square feet of office area, 2 new bathrooms, drywall, and a spray-foam shop. The property also has a 5HP compressor with airlines, 3 phase electric service rated at 240, and blacktop surfacing. Security fencing reaches 7 feet and includes a 20-foot gate. Vehicle access is supported by a 12' x 14' pull-through bay and a 12' x 12' overhead door. Built in 1983, the property combines office, shop, and industrial-use areas within a single secured site.
Improvements include approximately 600 square feet of office area, 2 new bathrooms, drywall, and a spray-foam shop. The property also has a 5HP compressor with airlines, 3 phase electric service rated at 240, and blacktop surfacing. Security fencing reaches 7 feet and includes a 20-foot gate. Vehicle access is supported by a 12' x 14' pull-through bay and a 12' x 12' overhead door. Built in 1983, the property combines office, shop, and industrial-use areas within a single secured site.
Key Highlights
- Two‑building property totals 8,000 square feet on 1 acre
- Larger building measures 4,800 square feet on 0.6 acres
- Second building provides 3,200 square feet on 0.4 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,435,200
$1.4M
Cap Rate 7%
$1,025,143
$1.0M
Cap Rate 9%
$797,333
$797.3K
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$108.5K $13.56/SF
− Vacancy
−$6.0K −$0.75/SF
EGI
$102.5K $12.81/SF
− OpEx
−$30.8K −$3.84/SF
NOI
$71.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,435,200
Cap Rate 7%
$1,025,143
Cap Rate 9%
$797,333
Alternative Uses
Best Use
Warehouse
$1.24M
$1.09M – $1.45M
NOI $87,137 @ 7.0% cap · market cap 10.56%
Second Best
Industrial
$1.03M
$897.0K – $1.20M
NOI $71,760 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,096 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,268
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial property with office improvements, shop space, secured fencing, and pull-through access.
Where is this flex space located?
The property is located at 1611 E Taylor Midland, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two‑building property totals 8,000 square feet on 1 acre; Larger building measures 4,800 square feet on 0.6 acres; Second building provides 3,200 square feet on 0.4 acres
