Executive Office Warehouse with Overhead
10804 Hwy 191 Midland, TX 79707
New
10804 Hwy 191, Midland, TX, 79707
$2,999,000
For Sale
$2,999,000
Warehouse/shop includes three overhead doors with automatic openers, paired with a Class A executive office suite.
Property Size11,000 SF
Price / SF$272.64
Days on Market2
Property Features for 10804 Hwy 191
General Information
- Standard status
- Active
- Size
- 11,000 SF
Building Details
- Year Built
- 2019
Listing agency
Realty Texas, LLC
(432) 934-2295
Listed by
Deborah Julian · License #658250
Source
Billlanier
Added: Jul 20 Updated: Jul 21 at 2:57AM Checked: Jul 21 at 2:57AM
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 Realty Texas, LLC
Investment Insights
Based on property information with market context.
This Class A executive office/warehouse combines a dedicated office buildout with a functional warehouse/shop area. The executive office is 5,500 sq. ft. with 513 sq. ft. of mezzanine entry, including 6 offices. The primary office features a full bath, conference room, kitchen, and two half baths, along with a media room. There is also a 200 sq. ft. showroom located at the entry and additional kitchen space associated with the office/warehouse layout. The warehouse/shop includes three overhead doors with automatic openers, an upper decked area for extra storage, and an office/kitchen component.
The property sits on 2.23 acres, all paved, with 3,000 sq. ft. of covered parking. The site is served by City of Midland utilities and is located at Hwy 191 & FM 1788 in Midland, Texas.
The property sits on 2.23 acres, all paved, with 3,000 sq. ft. of covered parking. The site is served by City of Midland utilities and is located at Hwy 191 & FM 1788 in Midland, Texas.
Key Highlights
- Class A executive office/warehouse built in 2019 on 2.23 acres with all‑paved site
- Executive office totals 5,500 SF plus 513 SF of mezzanine entry
- Warehouse/shop includes three overhead doors with automatic openers
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 | $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
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Warehouse/shop includes three overhead doors with automatic openers, paired with a Class A executive office suite.
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: Class A executive office/warehouse built in 2019 on 2.23 acres with all‑paved site; Executive office totals 5,500 SF plus 513 SF of mezzanine entry; Warehouse/shop includes three overhead doors with automatic openers
