Flex Space with Fenced
For Sale
Contact for pricing
1101 S County Road 1302, Midland, TX 79707
Mixed office, shop, and wash-bay improvements with specialized power and lifting equipment.
Property Size7,500 SF
Lot Size2.74 Acres
Price / SF$266.67
Days on Market56
Property Features for 1101 S County Road 1302
General Information
Standard status
Active
Size
7,500 SF
Lot size
2.74 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Voltage
480 V
Three-Phase Power
Yes
Additional Details
Fenced Yard
Yes
Amenities
Conex locker room with shower
Building Details
Building Size
7,500 SF
Listing Agency:
NRG Realty Group - Dallas/Fort Worth
(214) 432-7930
Listed By:
John W. B. McDaniel · License #405514
(214) 325-4851
Source:
Moodyscre
Added: Aug 20
Changed: Sep 15
Last Checked: Oct 12 at 11:00PM
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 NRG Realty Group - Dallas/Fort Worth
Investment Insights
Based on property information with market context.
This flex property provides 7,500 SF across 2.74 acres, with a combination of office/apartment areas, shop space, and a dedicated wash-bay. The improvements include 2,500 SF of office/apartments, a 3,750 SF shop, and a 1,250 SF wash-bay. A 5-ton crane, 3-Phase 480v/220v power, and a shop restroom support industrial and operational uses. The site also includes a fenced yard, a Conex locker room with shower, and furniture included with the property. Renovation work is underway.
Located at 1101 S County Road 1302 in Midland, Texas, the property combines enclosed improvements with outdoor yard area on a sizable tract. Its varied layout and existing specialized features provide a functional base for a range of flex-oriented operations.
Located at 1101 S County Road 1302 in Midland, Texas, the property combines enclosed improvements with outdoor yard area on a sizable tract. Its varied layout and existing specialized features provide a functional base for a range of flex-oriented operations.
Key Highlights
- 7,500 SF total on 2.74 acres
- 2,500 SF office/apartments, 3,750 SF shop, and 1,250 SF wash‑bay
- 5‑ton crane and 3‑Phase 480v/220v power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,275
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,345,500
$1.3M
Cap Rate 7%
$961,071
$961.1K
Cap Rate 9%
$747,500
$747.5K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$101.7K $13.56/SF
− Vacancy
−$5.6K −$0.75/SF
EGI
$96.1K $12.81/SF
− OpEx
−$28.8K −$3.84/SF
NOI
$67.3K $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%
$1,345,500
Cap Rate 7%
$961,071
Cap Rate 9%
$747,500
Alternative Uses
Best Use
Industrial
$961.1K
$840.9K – $1.12M
NOI $67,275 @ 7.0% cap · market cap 3.36%
Second Best
Flex RnD
$942.7K
$824.9K – $1.10M
NOI $65,988 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,123
Businesses Nearby
Balanced
Demand for This Use
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carter & Burgess Inc — 505 N Big Spring St, Midland, TX 79701
- Mariquita's Taniche & Catering — 1201 E Front St, Midland, TX 79701
Frequently Asked Questions
What type of property is this?
Flex space - Mixed office, shop, and wash-bay improvements with specialized power and lifting equipment.
Where is this flex space located?
The property is located at 1101 S County Road 1302 Midland, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 7,500 SF total on 2.74 acres; 2,500 SF office/apartments, 3,750 SF shop, and 1,250 SF wash‑bay; 5‑ton crane and 3‑Phase 480v/220v power
