1317 W County Road 114 Midland, TX 79706
A fully enclosed shop with office space, 14' overhead doors, and utilities in place for combined work and storage.
- Added:
- Apr 3, 2026
- Days on Market:
- 102
- Last Refresh:
- Jun 27 at 4:51 am
Property Features for 1317 W County Road 114
General Information
- Standard status
- Active
- Size
- 3,140 SF
Listing office Heritage Real Estate (432) 260-0810
Listing date Apr 3, 2026
Source Exprealty
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 Heritage Real Estate
Investment Insights
Based on property information with market context.
The site is located just half a mile from Interstate 20, providing straightforward access for business traffic. With the enclosed perimeter and covered equipment parking, day-to-day operations can be managed on-site with controlled access.
Designed for tenants or buyers who need both workspace and storage, the configuration supports a variety of flex uses where an office component is required alongside a larger shop area. The combination of insulated warehouse space, overhead door access, and utilities already in place makes it suitable for owner-users looking for an immediately usable facility or investors evaluating a flexible, multi-use property.
Key Highlights
- 40' x 60' enclosed shop with a 20' x 40' office space
- 14' overhead doors for shop access and loading
- Full insulation and 3‑phase electrical supply
Local 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 | $60.3k | $19.20 |
| − Vacancy | −$9.6k | −$3.07 |
| EGI | $50.6k | $16.13 |
| − OpEx | −$12.7k | −$4.03 |
| NOI | $38.0k | $12.10 |
