Flex Warehouse with
308 E Louisiana Ave Midland, TX 79701
For Sale
$1,275,000
COMMERCIAL - Midland, TX
Property Size11,400 SF
Lot Size0.96 Acres
Price / SF$111.84
Days on Market199
Property Features for 308 E Louisiana Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 11,400 SF
- Lot size
- 0.96 Acres
Taxes and HOA fees
- Tax Description
- Acres: 0.964, BLK: 024, E/2 ALL (AKA 1 THRU 6), ADDN: HOMESTEAD
- Tax Annual Amount
- 2003
Building Details
- Year built
- 1982
Listing Agency:
Caleb Matott Land & Ranch Sales
(432) 349-3330
Listed By:
Caleb Matott · License #TREC 0453625
(432) 349-3330
Added: Jan 7
Changed: Jun 10
Last Checked: Jul 25 at 5:06AM
MLS# 50087797
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 warehouse property is fully fenced and designed for both operations and office use. The warehouse features six overhead bay doors, supporting convenient loading and servicing. Inside, there is a 3,200 square foot office area with a kitchenette and room for multiple offices.
The site is located at 308 E Louisiana Ave in downtown Midland, TX. The property sits on 0.96 acres and includes a 4,000 square foot heated shop along with an additional 3,200 square foot secure storage space.
The combination of overhead-door warehouse access, a heated working area, and dedicated secure storage makes the property well-suited to small business owner-operators who need space for day-to-day production, distribution, or service work alongside onsite administration. The sizable office layout supports tenants who want to manage operations from the same facility, with kitchenette amenities and flexible rooming for an office team.
The site is located at 308 E Louisiana Ave in downtown Midland, TX. The property sits on 0.96 acres and includes a 4,000 square foot heated shop along with an additional 3,200 square foot secure storage space.
The combination of overhead-door warehouse access, a heated working area, and dedicated secure storage makes the property well-suited to small business owner-operators who need space for day-to-day production, distribution, or service work alongside onsite administration. The sizable office layout supports tenants who want to manage operations from the same facility, with kitchenette amenities and flexible rooming for an office team.
Key Highlights
- Prime downtown Midland location
- Large 4000 sqft heated shop with 3200 sqft secure storage
- Substantial 3200 sqft office area with kitchenette
Financial Insights For Industrial
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 | $154.6k | $13.56 |
| − Vacancy | −$8.5k | −$0.75 |
| EGI | $146.1k | $12.81 |
| − OpEx | −$43.8k | −$3.84 |
| NOI | $102.3k | $8.97 |
11,400 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.77M
$1.55M – $2.07M
NOI $124,170 @ 7.0% cap · market cap 9.74%
Second Best
Industrial
$1.46M
$1.28M – $1.70M
NOI $102,257 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,237 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
West Texas Roofing, ...
Roofing Company
Similar Off Market Nearby
- Carter & Burgess Inc — 505 N Big Spring St, Midland, TX 79701
- Mariquita's Taniche & Catering — 1201 E Front St, Midland, TX 79701
FAQs
What type of property is this?
Flex space - Fenced industrial facility with a heated shop, secure storage, and a substantial office area for owner-operators.
Where is this flex space located?
The property is located at 308 E Louisiana Ave Midland, TX.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Prime downtown Midland location; Large 4000 sqft heated shop with 3200 sqft secure storage; Substantial 3200 sqft office area with kitchenette
