Industrial Building with Fenced
For Sale
$1,400,000
1905 W County Rd 137, Midland, TX 79706
Industrial property includes a fenced yard, a 7,000-sq-ft shop with offices, and a separate office building with 9 spaces.
Property Size7,000 SF
Price / SF$200
Days on Market138
Property Features for 1905 W County Rd 137
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Office
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Office Units
9
Building Details
Year Built
2019
Listing Agency:
(432) 994-6310
Listed By:
Midland
(432) 994-6310
Source:
Xome
Added: Mar 16
Changed: Jul 21
Last Checked: Jul 31 at 2:49AM
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 Midland
Investment Insights
Based on property information with market context.
This commercial industrial building features a fenced-in yard with a 7,000-sq-ft shop and an office building. The shop includes an office and storage and is serviced by 6 bay automatic doors. The office building offers 9 office spaces and includes 2 restrooms. Parking in front is paved.
The property is located at 1905 W County Rd 137 in Midland, TX.
The combination of the fenced yard, roll-up/automatic door access for the shop, and multiple office spaces supports flexible use for operations requiring both work/storage and dedicated office capacity.
The property is located at 1905 W County Rd 137 in Midland, TX.
The combination of the fenced yard, roll-up/automatic door access for the shop, and multiple office spaces supports flexible use for operations requiring both work/storage and dedicated office capacity.
Key Highlights
- 2019‑built industrial/commercial property with a fenced yard
- Includes a 7,000 sq. ft. shop building with an office and storage
- Shop features 6‑bay automatic doors
Financial Insights For Office B
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 | $134.4k | $19.20 |
| − Vacancy | −$21.5k | −$3.07 |
| EGI | $112.9k | $16.13 |
| − OpEx | −$28.2k | −$4.03 |
| NOI | $84.7k | $12.10 |
7,000 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,672 @ 7.0% cap · market cap 6.05%
Second Best
Warehouse
$1.09M
$953.1K – $1.27M
NOI $76,244 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.65M
$1.44M – $1.93M
NOI $115,584 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9
Office units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
66
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property includes a fenced yard, a 7,000-sq-ft shop with offices, and a separate office building with 9 spaces.
Where is this flex space located?
The property is located at 1905 W County Rd 137 Midland, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2019‑built industrial/commercial property with a fenced yard; Includes a 7,000 sq. ft. shop building with an office and storage; Shop features 6‑bay automatic doors
