Crane-Ready Industrial Flex
For Sale
Contact for pricing
1005 S County Rd 1120, Midland, TX 79706
Versatile industrial facility combining finished office areas with a substantial shop and high-capacity electrical service.
Property Size18,000 SF
Price / SF$165
Days on Market58
Property Features for 1005 S County Rd 1120
General Information
Standard status
Active
Size
18,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
NRG Realty Group - Dallas/Fort Worth
(214) 432-7930
Listed By:
John W. B. McDaniel · License #405514
(214) 325-4851
Source:
Moodyscre
Added: Aug 20
Changed: Oct 8
Last Checked: Oct 14 at 8:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NRG Realty Group - Dallas/Fort Worth
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Investment Insights
Based on property information with market context.
This 18,000-square-foot flex facility occupies 10.01 acres and combines 6,000 square feet of finished office and living-area space with a 12,000-square-foot shop. The office component includes a first-floor office and second-floor office/living space, while the building features a two-story glass entry, vaulted ceilings, granite countertops, and solid-core doors. The shop has 24-foot eave height, eight overhead doors measuring 14 feet by 16 feet, and infrastructure ready for a 15-ton crane. Electrical service is 400 Amp, 480V, 3-phase power.
The property includes a 4-foot by 8-foot lighted monument sign with a cut-stone base and is located within Dunn Ranch, a master-planned industrial park. Private roads are maintained through the development’s private road maintenance agreement, and the lots have water service rated up to 30 gallons per minute. A 1,500-square-foot wash bay, covered parking, and three additional bay doors can be added.
The property includes a 4-foot by 8-foot lighted monument sign with a cut-stone base and is located within Dunn Ranch, a master-planned industrial park. Private roads are maintained through the development’s private road maintenance agreement, and the lots have water service rated up to 30 gallons per minute. A 1,500-square-foot wash bay, covered parking, and three additional bay doors can be added.
Key Highlights
- 18,000 SF facility on 10.01 acres
- 6,000 SF of office and office/living space plus a 12,000 SF shop
- 24' eave height with eight 14'x16' overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,728
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,354,560
$4.4M
Cap Rate 7%
$3,110,400
$3.1M
Cap Rate 9%
$2,419,200
$2.4M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$345.6K $19.20/SF
− Vacancy
−$55.3K −$3.07/SF
EGI
$290.3K $16.13/SF
− OpEx
−$72.6K −$4.03/SF
NOI
$217.7K $12.10/SF
Area
Midland, TX
Vacancy
16.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,354,560
Cap Rate 7%
$3,110,400
Cap Rate 9%
$2,419,200
Alternative Uses
Best Use
Office B
$3.11M
$2.72M – $3.63M
NOI $217,728 @ 7.0% cap · market cap 7.33%
Second Best
Industrial
$2.31M
$2.02M – $2.69M
NOI $161,459 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$4.25M
$3.72M – $4.95M
NOI $297,216 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
9
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial facility combining finished office areas with a substantial shop and high-capacity electrical service.
Where is this flex space located?
The property is located at 1005 S County Rd 1120 Midland, TX.
What is the asking price?
The asking price for this property is $2,970,000.
What are key features of this property?
This property features: 18,000 SF facility on 10.01 acres; 6,000 SF of office and office/living space plus a 12,000 SF shop; 24' eave height with eight 14'x16' overhead doors
