Remodeled Flex Property with
For Sale
$825,000
1611 E Taylor, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size8,000 SF
Lot Size1.00 Acre
Price / SF$103.13
Days on Market92
Property Features for 1611 E Taylor
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Carol Crest
Standard status
Active
Size
8,000 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Acres: 0.212, BLK: 017,LOT: 029 & E.4 OF LOT 30,ADDN: CAROL CREST,(UNRECORDED),SEC 1 BLK 39-T2S Acres: 0.386, BLK: 017, LOT: 030 W.58 & ALL OF, ADD
Tax Annual Amount
3295
Legal Description
Acres: 0.212, BLK: 017,LOT: 029 & E.4 OF LOT 30,ADDN: CAROL CREST,(UNRECORDED),SEC 1 BLK 39-T2S Acres: 0.386, BLK: 017, LOT: 030 W.58 & ALL OF, ADD
Building Details
Year built
1983
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Brian Savage · License #0584754
(432) 599-4496
Added: Aug 3
Changed: Oct 17
Last Checked: Nov 2 at 6:06PM
MLS# 50097263
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 1611 E Taylor in Midland, this flex property comprises two buildings totaling 8,000 square feet across 1 acre. The larger building contains 4,800 square feet on 0.6 acres, while the second building provides 3,200 square feet on 0.4 acres.
Improvements include approximately 600 square feet of office area, 2 new bathrooms, drywall, and a spray-foam shop. The property also has a 5HP compressor with airlines, 3 phase electric service rated at 240, and blacktop surfacing. Security fencing reaches 7 feet and includes a 20-foot gate. Vehicle access is supported by a 12' x 14' pull-through bay and a 12' x 12' overhead door. Built in 1983, the property combines office, shop, and industrial-use areas within a single secured site.
Improvements include approximately 600 square feet of office area, 2 new bathrooms, drywall, and a spray-foam shop. The property also has a 5HP compressor with airlines, 3 phase electric service rated at 240, and blacktop surfacing. Security fencing reaches 7 feet and includes a 20-foot gate. Vehicle access is supported by a 12' x 14' pull-through bay and a 12' x 12' overhead door. Built in 1983, the property combines office, shop, and industrial-use areas within a single secured site.
Key Highlights
- Two‑building property totals 8,000 square feet on 1 acre
- Larger building measures 4,800 square feet on 0.6 acres
- Second building provides 3,200 square feet on 0.4 acres
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.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,268
Businesses Nearby
Balanced
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Carter & Burgess Inc — 505 N Big Spring St, Midland, TX 79701
- Mariquita's Taniche & Catering — 1201 E Front St, Midland, TX 79701
Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial property with office improvements, shop space, secured fencing, and pull-through access.
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‑building property totals 8,000 square feet on 1 acre; Larger building measures 4,800 square feet on 0.6 acres; Second building provides 3,200 square feet on 0.4 acres
