Industrial Flex Property with Wash
New
For Sale
$1,500,000
1911 E County Road 140, Midland, TX 79706
Shop infrastructure includes three-phase power and a pull-through wash bay.
Property Size8,700 SF
Lot Size5.00 Acres
Price / SF$172.41
Days on Market1
Property Features for 1911 E County Road 140
General Information
Standard status
Active
Size
8,700 SF
Class
B
Lot size
5.00 Acres
Property subtype
Industrial - Flex - Industrial
Zoning
F2
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Voltage
480 V
Three-Phase Power
Yes
Building Details
Building Size
8,700 SF
Year Built
2015
Buildings
1
Construction
metal
Listing Agency:
Moriah Brokerage Services
Listed By:
Jack Oduro
(512) 977-8596
Source:
Commercialcafe
Added: Oct 19
Last Checked: Oct 19 at 2:09PM
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 Moriah Brokerage Services
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Investment Insights
Based on property information with market context.
This industrial flex property combines shop, office, conference, and apartment space within an 8,700-SF building completed in 2015. The shop has three 16-foot overhead doors, three-phase 480V power, and a pull-through wash bay. Front and rear canopies provide covered areas, while the yard includes asphalt and caliche surfaces and an asphalt drive around the building. The site totals 5 acres and is zoned F2.
At 1911 E County Road 140 in South Midland, the property has direct access to Garden City Highway and is near Interstate 20. The mix of shop and office areas, apartment accommodations, and yard surfaces provides several functional components in one industrial flex facility.
At 1911 E County Road 140 in South Midland, the property has direct access to Garden City Highway and is near Interstate 20. The mix of shop and office areas, apartment accommodations, and yard surfaces provides several functional components in one industrial flex facility.
Key Highlights
- 8,700 SF building on 5 acres
- Built in 2015; zoned F2
- Shop with three 16’ overhead doors and three‑phase 480V power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,038
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,760
$1.6M
Cap Rate 7%
$1,114,829
$1.1M
Cap Rate 9%
$867,089
$867.1K
Market Conditions
NOI Build-Up for 8,700 SF
Gross rent
$118.0K $13.56/SF
− Vacancy
−$6.5K −$0.75/SF
EGI
$111.5K $12.81/SF
− OpEx
−$33.4K −$3.84/SF
NOI
$78.0K $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%
$1,560,760
Cap Rate 7%
$1,114,829
Cap Rate 9%
$867,089
Alternative Uses
Best Use
Industrial
$1.11M
$975.5K – $1.30M
NOI $78,038 @ 7.0% cap · market cap 5.20%
Second Best
Flex RnD
$1.09M
$956.8K – $1.28M
NOI $76,546 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,654 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Shop infrastructure includes three-phase power and a pull-through wash bay.
Where is this flex space located?
The property is located at 1911 E County Road 140 Midland, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 8,700 SF building on 5 acres; Built in 2015; zoned F2; Shop with three 16’ overhead doors and three‑phase 480V power
