Industrial Flex Space with Drive-In
1113 Dayton Rd, Midland, TX 79706
For Sale
$2,667,000
Commercial Sale, Midland, TX
Property Size13,640 SF
Lot Size3.51 Acres
Price / SF$195.53
Days on Market231
Property Features for 1113 Dayton Rd
General Information
Property type
Property subtype
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Amenities
Conference Room
Break Area
Building Details
Year built
Listing Agency:
NRG Realty Group, LLC
(210) 860-0241
Listed By:
Amy Brasher Barnett, CCIM · License TX #514276
(432) 352-6714
Added: Mar 27
Changed: Oct 19
Last Checked: Nov 12 at 5:06PM
MLS# 50093869
Copyright © 2026 Permian Basin 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.
This 13,640-square-foot flex property on 3.507 acres combines office, shop, and operational space. Built in 1997, the asset includes a 1,640-square-foot office component with reception, private offices, conference rooms, break areas, restrooms, and a separate executive conference room with a custom bar. The 12,000-square-foot shop measures 120 feet by 100 feet and is arranged in three sections for organized workflow. Three 16-foot drive-in bays support vehicle and equipment access.
The property is located at 1113 Dayton Rd in Midland, approximately 0.25 miles west of TX-349, with access to I-20. Its combination of dedicated office areas and substantial shop capacity provides a unified setting for industrial and administrative functions.
The property is located at 1113 Dayton Rd in Midland, approximately 0.25 miles west of TX-349, with access to I-20. Its combination of dedicated office areas and substantial shop capacity provides a unified setting for industrial and administrative functions.
Key Highlights
- 13,640 SF industrial asset on 3.507 acres
- 12,000 SF shop measuring 120'x100'
- 1,640 SF office with reception, private offices, conference rooms, break areas, and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,989
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,299,780
$3.3M
Cap Rate 7%
$2,356,986
$2.4M
Cap Rate 9%
$1,833,211
$1.8M
Market Conditions
NOI Build-Up for 13,640 SF
Gross rent
$261.9K $19.20/SF
− Vacancy
−$41.9K −$3.07/SF
EGI
$220.0K $16.13/SF
− OpEx
−$55.0K −$4.03/SF
NOI
$165.0K $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%
$3,299,780
Cap Rate 7%
$2,356,986
Cap Rate 9%
$1,833,211
Alternative Uses
Best Use
Office B
$2.36M
$2.06M – $2.75M
NOI $164,989 @ 7.0% cap · market cap 6.19%
Second Best
Warehouse
$2.12M
$1.86M – $2.48M
NOI $148,568 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$3.22M
$2.82M – $3.75M
NOI $225,224 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Balanced
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
$280,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Midland, TX
Properties on Market for Flex space in Midland
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and shop areas provide a functional setup for industrial operations and client-facing work.
Where is this flex space located?
The property is located at 1113 Dayton Rd Midland, TX.
What is the asking price?
The asking price for this property is $2,667,000.
What are key features of this property?
This property features: 13,640 SF industrial asset on 3.507 acres; 12,000 SF shop measuring 120'x100'; 1,640 SF office with reception, private offices, conference rooms, break areas, and restrooms
