Flex Warehouse with
10904 Hwy 191 Midland, TX 79707
New
10904 Hwy 191, Midland, TX, 79707
$850,000
For Sale
$850,000
Newer flex facility offers fenced yard, 1,500 sf office space, and 1,500 sf shop space with a 14' door.
Property Size3,000 SF
Price / SF$283.33
Days on Market3
Property Features for 10904 Hwy 191
General Information
- Standard status
- Active
- Size
- 3,000 SF
Building Details
- Year Built
- 2023
Listing agency
The Real Estate Ranch LLC
(432) 556-7333
Listed by
Shana Curry
Source
Hauspg
Added: Jul 20 Updated: Jul 21 at 10:28PM Checked: Jul 22 at 4:51AM
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 The Real Estate Ranch LLC
Investment Insights
Based on property information with market context.
This newer flex warehouse includes approximately 1,500 square feet of office space and approximately 1,500 square feet of shop space. The office features a reception area, three offices, a workroom, storage, a kitchen, and a full bathroom with a shower. The workshop includes RV hookups, additional storage, a 14' door, and a tool cage.
The property is located right off Hwy 191 between Midland and Odessa, with access to FM 1788 to Andrews and the Interstate. It offers an easy drive to Midland, Gardendale, Andrews, and Odessa.
The yard is fully fenced, supporting a worksite setup for equipment and ongoing operations.
The property is located right off Hwy 191 between Midland and Odessa, with access to FM 1788 to Andrews and the Interstate. It offers an easy drive to Midland, Gardendale, Andrews, and Odessa.
The yard is fully fenced, supporting a worksite setup for equipment and ongoing operations.
Key Highlights
- Built in 2023: newer flex facility with a fenced yard
- 1,500 SF office space with reception, 3 offices, workroom, storage, kitchen, and a full bathroom with shower
- 1,500 SF shop/workshop area with a 14' door and tool cage
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 | $57.6k | $19.20 |
| − Vacancy | −$9.2k | −$3.07 |
| EGI | $48.4k | $16.13 |
| − OpEx | −$12.1k | −$4.03 |
| NOI | $36.3k | $12.10 |
3,000 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 4.27%
Second Best
Warehouse
$466.8K
$408.5K – $544.6K
NOI $32,676 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$707.7K
$619.2K – $825.6K
NOI $49,536 @ 7.0% cap · market cap 5.83%
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 - Newer flex facility offers fenced yard, 1,500 sf office space, and 1,500 sf shop space with a 14' door.
Where is this flex space located?
The property is located at 10904 Hwy 191 Midland, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Built in 2023: newer flex facility with a fenced yard; 1,500 SF office space with reception, 3 offices, workroom, storage, kitchen, and a full bathroom with shower; 1,500 SF shop/workshop area with a 14' door and tool cage
