Executive Office Warehouse
10804 Hwy 191 Midland, TX 79707
For Sale
$2,999,000
SINGLE_FAMILY - Midland, TX
Property Size11,000 SF
Lot Size2.23 Acres
Price / SF$272.64
Days on Market47
Property Features for 10804 Hwy 191
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 10
- Fencing
- Fenced, Chain Link
- Appliances
- Individual AC Units, Individual Heating Units, Central Hot Water
- Standard status
- Active
- APN
- 204266419
- Size
- 11,000 SF
- Lot size
- 2.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12000
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 2019
- Floors in Building
- 1
- Building materials
- Metal Construction, Metal Siding
- Roof type
- Metal
Listing Agency:
Realty Texas, LLC
(800) 660-1022
Listed By:
Deborah Julian · License #658250
(432) 934-2295
Added: Jun 10
Changed: Jun 11
Last Checked: Jul 26 at 11:06AM
MLS# 175336
Copyright © 2026 Odessa 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 Class A executive office/warehouse facility is set on 2.23 acres of all-paved site area. The executive office includes six offices, with the primary office featuring a full bath, conference room, kitchen, media room, and two half baths. An entry mezzanine area is identified as 513 square feet, and there is also a 200 square foot showroom located at the entry.
The property includes 3,000 square feet of covered parking and a warehouse/shop designed around three overhead doors with automatic openers. The upper level is described as decked for extra storage, with kitchen and office space included for support within the warehouse/shop area. The location is described as the Permian area at HWY 191 & FM 1788 in Midland, Texas.
For tenants or buyers looking for a single-site layout that pairs functional office space with practical warehouse access, this offering combines dedicated office rooms with roll-up style door access and additional overhead storage. The paved, covered parking area can support daily operations and customer or staff access while keeping the office and warehouse functions on the same footprint.
The property includes 3,000 square feet of covered parking and a warehouse/shop designed around three overhead doors with automatic openers. The upper level is described as decked for extra storage, with kitchen and office space included for support within the warehouse/shop area. The location is described as the Permian area at HWY 191 & FM 1788 in Midland, Texas.
For tenants or buyers looking for a single-site layout that pairs functional office space with practical warehouse access, this offering combines dedicated office rooms with roll-up style door access and additional overhead storage. The paved, covered parking area can support daily operations and customer or staff access while keeping the office and warehouse functions on the same footprint.
Key Highlights
- 2019‑built executive office/warehouse on 2.23 acres with all‑paved site and city of Midland utilities
- Office area includes full bath, conference, kitchen, 2 half baths, media room, and 200 SF showroom at the entry
- 5,500 SF executive office plus 513 SF mezzanine entry
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 | $211.2k | $19.20 |
| − Vacancy | −$33.8k | −$3.07 |
| EGI | $177.4k | $16.13 |
| − OpEx | −$44.4k | −$4.03 |
| NOI | $133.1k | $12.10 |
11,000 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.22M
NOI $133,056 @ 7.0% cap · market cap 4.44%
Second Best
Warehouse
$1.71M
$1.50M – $2.00M
NOI $119,813 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,632 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Class A executive office with covered parking and a warehouse/shop featuring three automatic overhead doors.
Where is this flex space located?
The property is located at 10804 Hwy 191 Midland, TX.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: 2019‑built executive office/warehouse on 2.23 acres with all‑paved site and city of Midland utilities; Office area includes full bath, conference, kitchen, 2 half baths, media room, and 200 SF showroom at the entry; 5,500 SF executive office plus 513 SF mezzanine entry
