Midland Commercial Building on
5620 FM 1788 lot 3 Midland, TX 79706
COMMERCIAL - Midland, TX
Property size:
10,750 SFLot size:
4.77 AcresPrice / SF:
$205/SF- Added:
- Nov 24, 2025
- Days on Market:
- 228
- Last Refresh:
- Jul 10 at 4:06 pm
Property Features for 5620 FM 1788 lot 3
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Standard status
- Active
- Size
- 10,750 SF
- Lot size
- 4.77 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1
Building Details
- Year built
- 2025
Listing agent Amy Brasher Barnett License #TX 514276 (432) 352-6714
Listing office NRG Realty Group, LLC 6191 St Hwy 161 430, TX (432) 432-7976
Listing date Nov 24, 2025
MLS# 50087064
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 newly constructed commercial building in Midland, TX, offers 10,750 square feet of space on a 4.769-acre lot. The property includes 2,000 square feet of office space featuring eight private offices, a large conference room, two bathrooms, a kitchen/breakroom, and a storage office. The second floor provides an additional 2,000 square feet with an executive office and apartment. The insulated 5,500-square-foot warehouse is equipped to accommodate a 10-ton crane and includes three drive-through bays with six 14'x16' overhead doors, an additional office, and a bathroom with a shower. At the rear of the building is a 1,250-square-foot covered, drive-thru wash bay. The property features fiber internet access, a 20 GPM water capacity, 3-Phase power, and paved asphalt parking.
Key Highlights
- Newly constructed 10,750 SF building on 4.769 acres (Year Built: 2025).
- 5,500 SF warehouse is 10‑ton crane ready with 3 drive‑through bays and (6) 14'x16' OH doors.
- Includes a 2,000 SF office with 8 private offices, a conference room, and a kitchen/breakroom.
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 | $206.4k | $19.20 |
| − Vacancy | −$33.0k | −$3.07 |
| EGI | $173.4k | $16.13 |
| − OpEx | −$43.3k | −$4.03 |
| NOI | $130.0k | $12.10 |
10,750 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,032 @ 7.0% cap · market cap 5.90%
Second Best
Warehouse
$1.67M
$1.46M – $1.95M
NOI $117,090 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,504 @ 7.0% cap · market cap 8.05%
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 - New construction flex space with office, warehouse, and wash-bay.
Where is this flex space located?
The property is located at 5620 FM 1788 lot 3 Midland, TX.
What is the asking price?
The asking price for this property is $2,203,750.
What are key features of this property?
This property features: Newly constructed 10,750 SF building on 4.769 acres (Year Built: 2025).; **5,500 SF warehouse is 10‑ton crane ready with 3 drive‑through bays and (6) 14'x16' OH doors.**; Includes a 2,000 SF office with 8 private offices, a conference room, and a kitchen/breakroom.
