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    Enclosed Flex Shop with Office Title is generated by Realmo AI

    1317 W County Rd 114, Midland, TX 79706

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    Claim this Listing
    For Sale
    $489,000

    COMMERCIAL - Midland, TX

    Property size:
    3,140 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $155/SF
    Added:
    Apr 3, 2026
    Days on Market:
    97
    Last Refresh:
    Jul 8 at 3:06 pm

    Property Features for 1317 W County Rd 114

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,140 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Description
    Acres: 0.500, N 129.5' OF BLK: 003, LOT: 013, ADDN: SOUTH 349 ACRES
    Tax Annual Amount
    1289

    Building Details

    Year built
    2017

    We can help!

    Contact an agent
    Lauren Greenhaw

    Listing agent Lauren Greenhaw

    Listing office Heritage Real Estate 5030 E University Suite B 401, Odessa, TX

    Listing date Apr 3, 2026

    MLS# 50094022

    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.

    HighLights

    • Strategically located just half a mile from Interstate 20.
    • Versatile 40' x 60' shop with a 20' x 40' office space.
    • Features 14' overhead doors and a 3‑phase electrical supply.
    • Fully enclosed with a solid metal privacy fence and covered parking.
    • Full insulation throughout the shop and office space.
    • Utilities in place with a water well and septic system.

    Overview

    This enclosed flex property combines a 40' x 60' shop with a 20' x 40' office space, creating a single location for workspace and storage. The shop includes 14' overhead doors, full insulation, and a 3-phase electrical supply. A solid metal privacy fence fully encloses the property, and there is covered parking for equipment or vehicles. Utilities are already in place with a water well and septic system, supporting immediate on-site use.

    The property is located in Midland, TX, about half a mile from Interstate 20, providing straightforward regional access for businesses that require both a secure work yard and an office component.

    The layout is well suited for owner-users and tenants that want an all-in-one setup, pairing shop space and functional office area within a fully enclosed, secured property. With the overhead door capacity, insulated building shell, and three-phase power, the site supports a range of industrial and flex applications where vehicle and equipment access matter, while the office space accommodates day-to-day operations from the same address.

    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
    3,140 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $542.6K
    $474.8K – $633.0K (±1% cap)
    NOI $37,981 @ 7.0% cap · market cap 7.77%
    Second Best
    Warehouse
    $488.6K
    $427.5K – $570.0K (±1% cap)
    NOI $34,201 @ 7.0% cap · market cap 6.99%
    Theoretical Best
    Office A
    $740.7K
    $648.1K – $864.1K (±1% cap)
    NOI $51,848 @ 7.0% cap · market cap 10.60%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Hair Salon (Bike/Boat/Book/etc) Store Locksmith HVAC Service Skin Care Clinic Cafe & Coffee Shop Barber Shop (Bike/Boat/Book/etc) Store Electrical Service Computer & Electronic Repair

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0792776
    Latitude
    31.9635997

    FAQs

    What type of property is this?
    Flex space - Enclosed shop with office buildout, 14' overhead doors, insulation, 3-phase power, and covered parking for storage and work needs.
    Where is this flex space located?
    The property is located at 1317 W County Rd 114 Midland, TX.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: Strategically located just half a mile from Interstate 20.; Versatile 40' x 60' shop with a 20' x 40' office space.; Features 14' overhead doors and a 3‑phase electrical supply.
    More about this property
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