Two-Building Flex Space with
For Sale
$825,000
1611 E Taylor, Midland, TX 79706
Remodeled flex property with office space, shop improvements, paved access, and dedicated equipment for industrial operations.
Property Size8,000 SF
Lot Size1.00 Acre
Price / SF$103.13
Days on Market20
Property Features for 1611 E Taylor
General Information
Standard status
Active
Size
8,000 SF
Lot size
1.00 Acre
Warehouse & Industrial
Office Build-Out
600 SF
Drive-In Doors
2
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1983
Buildings
2
Listing Agency:
The Real Estate Ranch LLC
(432) 599-4496
Listed By:
Brian Savage · License #0584754
Source:
Billlanier
Added: Aug 8
Changed: Aug 23
Last Checked: Aug 26 at 10:34AM
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 The Real Estate Ranch LLC
Investment Insights
Based on property information with market context.
Offered for sale, this flex property includes two buildings totaling 8,000 square feet across 1.0 acre at 1611 Taylor in Midland. The 4,800-square-foot primary building was remodeled with two new bathrooms, approximately 600 square feet of office space, drywall, and a spray foam shop. The second building contains 3,200 square feet.
The property provides paved driveway and road access, 7' ft security fencing, and a 20' gate. Industrial improvements include a 12' x 14' pull-through bay, a 12' x 12' overhead door, a 5HP compressor with airlines, and 3 phase electric 240 service. Built in 1983, the site combines office, shop, storage, and equipment features within a two-building configuration.
The property provides paved driveway and road access, 7' ft security fencing, and a 20' gate. Industrial improvements include a 12' x 14' pull-through bay, a 12' x 12' overhead door, a 5HP compressor with airlines, and 3 phase electric 240 service. Built in 1983, the site combines office, shop, storage, and equipment features within a two-building configuration.
Key Highlights
- Two buildings total 8,000 square feet on 1.0 acre
- Primary building includes approximately 600 square feet of office space
- Remodeled with 2 new bathrooms, drywall, and spray foam shop
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,760
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,435,200
$1.4M
Cap Rate 7%
$1,025,143
$1.0M
Cap Rate 9%
$797,333
$797.3K
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$108.5K $13.56/SF
− Vacancy
−$6.0K −$0.75/SF
EGI
$102.5K $12.81/SF
− OpEx
−$30.8K −$3.84/SF
NOI
$71.8K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,435,200
Cap Rate 7%
$1,025,143
Cap Rate 9%
$797,333
Alternative Uses
Best Use
Warehouse
$1.24M
$1.09M – $1.45M
NOI $87,137 @ 7.0% cap · market cap 10.56%
Second Best
Industrial
$1.03M
$897.0K – $1.20M
NOI $71,760 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,096 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Under-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Remodeled flex property with office space, shop improvements, paved access, and dedicated equipment for industrial operations.
Where is this flex space located?
The property is located at 1611 E Taylor Midland, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two buildings total 8,000 square feet on 1.0 acre; Primary building includes approximately 600 square feet of office space; Remodeled with 2 new bathrooms, drywall, and spray foam shop
