Mixed-Use Office and
10804 Hwy 191, Midland, TX 79707
For Sale
New
$2,600,000
Commercial Sale, Midland, TX
Property Size11,000 SF
Lot Size2.23 Acres
Price / SF$236.36
Days on Market1
Property Features for 10804 Hwy 191
General Information
Property type
Property subtype
Fencing
Lot features
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Amenities
conference room
kitchen
media and file storage
full bath
automatic overhead doors
decked storage
shop bathrooms
bull pen
city utilities
Building Details
Year built
Building materials
Roof type
Listing Agency:
Deborah Julian Real Estate LLC
Listed By:
Deborah Julian · License TX #0658250
(432) 934-2295
Added: Nov 10
Last Checked: Nov 10 at 7:06PM
MLS# 178812
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.
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Investment Insights
Based on property information with market context.
Built in 2019, this 11,000-square-foot mixed-use property occupies 2.23 acres. The office and showroom area includes eight offices, a conference room, kitchen, media and file storage, and an executive office with a full bath. Warehouse features include three automatic overhead doors, elevated storage above the warehouse office, a separate kitchen, two shop bathrooms, and a bullpen.
The site offers access to Hwy 191 and FM 1788, along with city utilities. Secured, covered paved parking serves the property.
The site offers access to Hwy 191 and FM 1788, along with city utilities. Secured, covered paved parking serves the property.
Key Highlights
- 11,000‑square‑foot building on 2.23 acres
- Eight offices, a conference room, kitchen, media and file storage, and an executive office with full bath
- Warehouse includes 3 automatic overhead doors and elevated storage above the warehouse office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,056
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,661,120
$2.7M
Cap Rate 7%
$1,900,800
$1.9M
Cap Rate 9%
$1,478,400
$1.5M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$211.2K $19.20/SF
− Vacancy
−$33.8K −$3.07/SF
EGI
$177.4K $16.13/SF
− OpEx
−$44.4K −$4.03/SF
NOI
$133.1K $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%
$2,661,120
Cap Rate 7%
$1,900,800
Cap Rate 9%
$1,478,400
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.22M
NOI $133,056 @ 7.0% cap · market cap 5.12%
Second Best
Mixed Use
$1.88M
$1.64M – $2.19M
NOI $131,381 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,632 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 79707, TX
37,632
Population
16,654
Households
2.3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
530
Density / Sq Mi
$99,979
Median Household Income
$58,351
Median Earnings
$1,383
Median Rent
$382,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and showroom space is paired with warehouse facilities and secured, covered paved parking.
Where is this mixed-use property located?
The property is located at 10804 Hwy 191 Midland, TX.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 11,000‑square‑foot building on 2.23 acres; Eight offices, a conference room, kitchen, media and file storage, and an executive office with full bath; Warehouse includes 3 automatic overhead doors and elevated storage above the warehouse office
