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 Market64
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
Listed By:
Brian Savage · License #0584754
(432) 599-4496
Source:
Billlanier
Added: Aug 8
Changed: Sep 29
Last Checked: Oct 7 at 1:49PM
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 / Yr
$71,760
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Market
Vacancy Rate% for Industrial in South region
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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
