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Flex Space with Overhead Door
For Sale
Contact for pricing
Pending

1511 Lockheed Dr, Midland, TX 79701

Shop condominium units offer finished interiors, heating, plumbing, and association-maintained common areas.

Property SizeContact for details
Days on Market141

Property Features for 1511 Lockheed Dr

General Information

Standard status Pending
Property subtype Retail

Building Details

Year Built 2022
Listing Agency: Realty One Group - Encore
Listed By: carter berger · License #10578
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 2:16PM

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 Realty One Group - Encore

Investment Insights

Based on property information with market context.

These flex space shop condominiums were completed in November 2022 and are offered in two configurations: 1,760 square feet or 1,600 square feet. Each unit includes 16-foot sidewalls, a 14-by-14-foot overhead door with opener, painted perimeter walls, a 125,000 BTU Reznor heater, hot and cold water, a floor drain, and a half bath with a shower stub-out.

The property is organized through an association that handles common-area maintenance, snow removal, exterior insurance, water, and city sewer. The units are described as suitable for personal or business use, providing a finished shop setting with dedicated access and utility infrastructure.

Key Highlights

  • Two unit sizes available: 1,760 SF and 1,600 SF
  • 16‑foot sidewalls and a 14‑by‑14‑foot overhead door with opener
  • 125,000 BTU Reznor heater in each unit

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency HVAC Service Grocery & Convenience Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

485
Businesses Nearby
Under-served
Demand for This Use

Demographics for 79701, TX

29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Shop condominium units offer finished interiors, heating, plumbing, and association-maintained common areas.
Where is this flex space located?
The property is located at 1511 Lockheed Dr Midland, TX.
What are key features of this property?
This property features: Two unit sizes available: 1,760 SF and 1,600 SF; 16‑foot sidewalls and a 14‑by‑14‑foot overhead door with opener; 125,000 BTU Reznor heater in each unit
More about this property
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