Warehouse with 10-Ton
For Sale
$1,200,000
5505 S Fm 1788, Midland, TX 79706
Freestanding 7,500 SF warehouse built in 2012 with 1,250 SF office, 10-ton crane, and covered wash bay.
Property Size7,500 SF
Lot Size2.36 Acres
Price / SF$160
Days on Market12
Property Features for 5505 S Fm 1788
General Information
Standard status
Active
Size
7,500 SF
Lot size
2.36 Acres
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Heavy Power
Yes
Building Details
Year Built
2012
Year Renovated
2018
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Thomas Johnston ABR /CNHS
Source:
Billlanier
Added: Jul 21
Changed: Jul 22
Last Checked: Aug 1 at 8:48AM
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 7,500 SF building was built in 2012 and includes 1,250 SF of office and approximately 6,250 SF of warehouse space. The warehouse is equipped with a 10-ton crane, and the property also features a covered wash bay of about 650 SF. A fenced and caliched yard is included with the building, and a tenant expansion was completed in 2018.
The property is located at 5505 S Fm 1788 in Midland, Texas. The public remarks indicate easy access to I-20 and surrounding areas.
The space is supported by a 3-phase 480V electrical setup, and the wash bay is described as ready for MSA requirements.
The property is located at 5505 S Fm 1788 in Midland, Texas. The public remarks indicate easy access to I-20 and surrounding areas.
The space is supported by a 3-phase 480V electrical setup, and the wash bay is described as ready for MSA requirements.
Key Highlights
- 7,500 SF freestanding warehouse built in 2012 on 2.36 acres
- Layout includes 1,250 SF office and 6,250 SF warehouse space
- Warehouse features a 10‑ton crane
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 | $144.0k | $19.20 |
| − Vacancy | −$23.0k | −$3.07 |
| EGI | $121.0k | $16.13 |
| − OpEx | −$30.2k | −$4.03 |
| NOI | $90.7k | $12.10 |
7,500 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.13M – $1.51M
NOI $90,720 @ 7.0% cap · market cap 7.56%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,691 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
160
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding 7,500 SF warehouse built in 2012 with 1,250 SF office, 10-ton crane, and covered wash bay.
Where is this flex space located?
The property is located at 5505 S Fm 1788 Midland, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,500 SF freestanding warehouse built in 2012 on 2.36 acres; Layout includes 1,250 SF office and 6,250 SF warehouse space; Warehouse features a 10‑ton crane
