Flex Space with Crane-Ready
For Sale
Contact for pricing
N County Rd 1120, Midland, TX 79706
Flex property combining finished office space with a high-clear industrial shop and substantial electrical capacity.
Property Size10,500 SF
Price / SF$166.57
Days on Market62
Property Features for N County Rd 1120
General Information
Standard status
Active
Size
10,500 SF
Property subtype
INDUSTRIAL
Listing Agency:
NRG Realty Group - Dallas/Fort Worth
(214) 432-7930
Listed By:
John W. B. McDaniel · License #405514
(214) 325-4851
Source:
Moodyscre
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 19 at 6:09AM
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 NRG Realty Group - Dallas/Fort Worth
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Investment Insights
Based on property information with market context.
This flex space contains 10,500 square feet on 4.34 acres, including 2,400 square feet of office area and an 8,100-square-foot shop. The office component features a two-story glass entry reaching 21 feet, a chandelier, vaulted ceilings, 8-foot solid-core doors, and granite countertops. Industrial improvements include a 24-foot eave height, six 14-foot by 16-foot overhead doors, 400-amp 480V 3-phase power, and preparation for a 15-ton crane.
Located at 1401 N County Rd 1120 in Midland, the property is part of Dunn Ranch, a master-planned industrial park. The development includes private roads maintained through a private road maintenance agreement, and all lots have water service up to 30 gallons per minute.
Future additions identified for the property include a 1,500-square-foot wash bay, covered parking, three additional bay doors, and conversion of a 1,500-square-foot mezzanine into additional office or living space.
Located at 1401 N County Rd 1120 in Midland, the property is part of Dunn Ranch, a master-planned industrial park. The development includes private roads maintained through a private road maintenance agreement, and all lots have water service up to 30 gallons per minute.
Future additions identified for the property include a 1,500-square-foot wash bay, covered parking, three additional bay doors, and conversion of a 1,500-square-foot mezzanine into additional office or living space.
Key Highlights
- 10,500 SF flex property on 4.34 acres
- 2,400 SF office and 8,100 SF shop configuration
- 24' eave height with six 14'x16' overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,367
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,287,340
$2.3M
Cap Rate 7%
$1,633,814
$1.6M
Cap Rate 9%
$1,270,744
$1.3M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$142.4K $13.56/SF
− Vacancy
−$7.8K −$0.75/SF
EGI
$134.5K $12.81/SF
− OpEx
−$20.2K −$1.92/SF
NOI
$114.4K $10.89/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,287,340
Cap Rate 7%
$1,633,814
Cap Rate 9%
$1,270,744
Alternative Uses
Best Use
Warehouse
$1.63M
$1.43M – $1.91M
NOI $114,367 @ 7.0% cap · market cap 6.54%
Second Best
Industrial
$1.35M
$1.18M – $1.57M
NOI $94,184 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,376 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
9
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex property combining finished office space with a high-clear industrial shop and substantial electrical capacity.
Where is this flex space located?
The property is located at N County Rd 1120 Midland, TX.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: 10,500 SF flex property on 4.34 acres; 2,400 SF office and 8,100 SF shop configuration; 24' eave height with six 14'x16' overhead doors
