Remodeled Flex
New
For Sale
$825,000
1611 E Taylor, Midland, TX 79706
COMMERCIAL - Midland, TX
Property Size8,000 SF
Lot Size0.60 Acres
Price / SF$103.13
Days on Market2
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
0.60 Acres
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 #TREC 0584754
(432) 599-4496
Added: Aug 3
Last Checked: Aug 4 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This flex property at 1611 E Taylor includes two buildings totaling 8,000 square feet. The improvements include approximately 600 square feet of office space, two remodeled bathrooms, drywall, and a spray-foam shop area. Building features include a 5 HP compressor with airlines, 3-phase 240-volt electrical service, a 12' x 14' pull-through bay, and a 12' x 12' overhead door.
The property has blacktop surfacing, 7-foot security fencing, and a 20-foot gate. Constructed in 1983, the asset combines office and industrial functionality within a secured commercial setting in Midland, Texas.
The property has blacktop surfacing, 7-foot security fencing, and a 20-foot gate. Constructed in 1983, the asset combines office and industrial functionality within a secured commercial setting in Midland, Texas.
Key Highlights
- Two buildings totaling 8,000 square feet
- Approximately 600 square feet of office space with two remodeled bathrooms
- 5 HP compressor with airlines and 3‑phase 240‑volt electrical service
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.5k | $13.56 |
| − Vacancy | −$6.0k | −$0.75 |
| EGI | $102.5k | $12.81 |
| − OpEx | −$30.8k | −$3.84 |
| NOI | $71.8k | $8.97 |
8,000 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,768 @ 7.0% cap · market cap 11.73%
Second Best
Warehouse
$1.24M
$1.09M – $1.45M
NOI $87,137 @ 7.0% cap · market cap 10.56%
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 Office in South region
Questions? Ask Rey
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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 commercial asset combines office improvements with shop space, heavy power, and secured 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 buildings totaling 8,000 square feet; Approximately 600 square feet of office space with two remodeled bathrooms; 5 HP compressor with airlines and 3‑phase 240‑volt electrical service
