Flex Facility with Secured
1509 South County Road 1309, Midland, TX 79707
For Sale
New
Contact for pricing
Shop and administrative areas are paired with a secured outdoor yard.
Property Size8,000 SF
Lot Size1.90 Acres
Price / SF$175
Days on Market7
Property Features for 1509 South County Road 1309
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Warehouse Space
Office Build-Out
Additional Details
Asking Price
Property Use
Amenities
Conference Room
Kitchenette
Listing Agency:
Invest Texas Real Estate
Listed By:
Lance White · License TX #0720055
(432) 777-7022
Source:
Crexi
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 12 at 4:50AM
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 Invest Texas Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex facility contains approximately 8,000 square feet, including 6,500 square feet of shop area and 1,500 square feet of office space. The shop has five overhead doors, each measuring 14' × 16', and the property includes a secured yard. Office space is arranged with four private offices, a conference room, and a kitchenette.
The property occupies approximately 1.9 acres in Midland's Metro Industrial Park. Highway 191 is nearby, with access to Interstate 20 and Loop 250. Surrounding operations include oilfield service and industrial businesses.
The property occupies approximately 1.9 acres in Midland's Metro Industrial Park. Highway 191 is nearby, with access to Interstate 20 and Loop 250. Surrounding operations include oilfield service and industrial businesses.
Key Highlights
- Approximately 8,000 SF on ±1.9 acres
- 6,500 SF shop area and 1,500 SF office space
- Five 14' × 16' overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,137
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,742,740
$1.7M
Cap Rate 7%
$1,244,814
$1.2M
Cap Rate 9%
$968,189
$968.2K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$108.5K $13.56/SF
− Vacancy
−$6.0K −$0.75/SF
EGI
$102.5K $12.81/SF
− OpEx
−$15.4K −$1.92/SF
NOI
$87.1K $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%
$1,742,740
Cap Rate 7%
$1,244,814
Cap Rate 9%
$968,189
Alternative Uses
Best Use
Warehouse
$1.24M
$1.09M – $1.45M
NOI $87,137 @ 7.0% cap · market cap 6.22%
Second Best
Industrial
$1.03M
$897.0K – $1.20M
NOI $71,760 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,096 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79707, TX
37,632
Population
16,654
Households
2.3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
530
Density / Sq Mi
$99,979
Median Household Income
$58,351
Median Earnings
$1,383
Median Rent
$382,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Midland, TX
Properties on Market for Flex space in Midland
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Mariquita's Taniche & Catering — 1201 E Front St, Midland, TX 79701
Frequently Asked Questions
What type of property is this?
Flex space - Shop and administrative areas are paired with a secured outdoor yard.
Where is this flex space located?
The property is located at 1509 South County Road 1309 Midland, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 8,000 SF on ±1.9 acres; 6,500 SF shop area and 1,500 SF office space; Five 14' × 16' overhead doors
