Three-Bay Flex
For Sale
$650,000
1100 N County Road 1136, Midland, TX 79706
A private water well and septic system serve the property.
Property Size3,780 SF
Price / SF$171.96
Days on Market18
Property Features for 1100 N County Road 1136
General Information
Standard status
Active
Size
3,780 SF
Taxes and HOA fees
Annual Taxes
$3,199
Listing Agency:
Home Charm Realty, LLC
(432) 559-7703
Listed By:
Sylvia Dominguez · License #TREC 0572390
(432) 254-3000
Source:
Exprealty
Added: Sep 27
Changed: Oct 7
Last Checked: Oct 13 at 12:10AM
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 Home Charm Realty, LLC
Investment Insights
Based on property information with market context.
This flex property includes a three-bay shop suited to equipment, vehicle, storage, workshop, or business use. A private water well and septic system are on site.
Located at 1100 N County Road 1136 in Midland, the property offers a shop configuration with on-site water and wastewater systems.
Located at 1100 N County Road 1136 in Midland, the property offers a shop configuration with on-site water and wastewater systems.
Key Highlights
- Three‑bay shop
- Private water well on site
- Septic system on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,906
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,120
$678.1K
Cap Rate 7%
$484,371
$484.4K
Cap Rate 9%
$376,733
$376.7K
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$51.3K $13.56/SF
− Vacancy
−$2.8K −$0.75/SF
EGI
$48.4K $12.81/SF
− OpEx
−$14.5K −$3.84/SF
NOI
$33.9K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,120
Cap Rate 7%
$484,371
Cap Rate 9%
$376,733
Alternative Uses
Best Use
Industrial
$484.4K
$423.8K – $565.1K
NOI $33,906 @ 7.0% cap · market cap 5.22%
Second Best
Flex RnD
$475.1K
$415.7K – $554.3K
NOI $33,258 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
45
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A private water well and septic system serve the property.
Where is this flex space located?
The property is located at 1100 N County Road 1136 Midland, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑bay shop; Private water well on site; Septic system on site
