Warehouse with Crane Ready
FM Rr 1788 Midland, TX
FM Rr 1788, Midland, TX, 00000
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For Sale
Contact for pricing
10,750 SF warehouse with office, apartment, and wash bay.
Property Size10,750 SF
Lot Size44.72 Acres
Price / SF$220
Days on Market446
Property Features for FM Rr 1788
General Information
- Standard status
- Active
- Size
- 10,750 SF
- Lot size
- 44.72 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
The Real Estate Ranch
(432) 260-0088
Listed by
Larry Nielsen
(432) 260-0088
Source
Moodyscre
Added: Apr 28, 2025 Checked: Jul 17 at 3:39 am
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
Investment Insights
Based on property information with market context.
This property features 10,750 square feet under roof on approximately 4.72 acres. The 2,000-square-foot office space includes eight private offices, a large conference room, two bathrooms, a kitchen/breakroom, and a storage office. A second-floor space of 2,000 square feet contains an executive apartment and additional office space. The fully insulated warehouse provides 5,500 square feet and is ready for a 10-ton crane, which can be installed within 30 days of request at an additional cost. The warehouse has three drive-through bays with six 14’x16’ overhead doors, an extra office, and a bathroom with a shower. Additionally, the property includes a covered 1,250-square-foot wash bay. The site is fully fenced and secured, offering covered asphalt-paved employee parking and access to fiber internet. It is equipped with a 3-phase 600-amp service and is located in Midland, TX.
Key Highlights
- Large 10,750 SF property under roof on +/- 4.72 acres
- 5,500 SF fully insulated warehouse with (3) drive‑through bays and (6) 14’x16’ overhead doors
- Crane‑ready warehouse (10‑ton capacity, installation possible within 30 days at additional cost)
Local Financial Insights For Warehouse
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 | $145.8k | $13.56 |
| − Vacancy | −$8.0k | −$0.75 |
| EGI | $137.8k | $12.81 |
| − OpEx | −$20.7k | −$1.92 |
| NOI | $117.1k | $10.89 |
10,750 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.67M
$1.46M – $1.95M
NOI $117,090 @ 7.0% cap · market cap 4.95%
Second Best
Industrial
$1.38M
$1.21M – $1.61M
NOI $96,427 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,504 @ 7.0% cap · market cap 7.51%
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
Similar Off Market Nearby
- Alamo South — 1301 Connell St, Midland, TX 79701
- Advantage Self Storage — 1506 college ave, midland, tx 79701
- New York St. Warehouse Co. — S Big Spring St, Midland, TX 79701
- KO Storage — 1001 S L St, Midland, TX 79701
- Kentucky Street Storage — 308 W New York Ave, Midland, TX 79701
FAQs
What type of property is this?
Warehouse - 10,750 SF warehouse with office, apartment, and wash bay.
Where is this warehouse located?
The property is located at FM Rr 1788 Midland, TX.
What is the asking price?
The asking price for this property is $2,365,000.
What are key features of this property?
This property features: Large 10,750 SF property under roof on +/- 4.72 acres; **5,500 SF fully insulated warehouse with (3) drive‑through bays and (6) 14’x16’ overhead doors**; Crane‑ready warehouse (10‑ton capacity, installation possible within 30 days at additional cost)
