Midland Flex Space For
For Sale
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2031 S Loop 250 W, Midland, TX
16,859 SF flex space available for lease in Midland.
Property Size16,859 SF
Lot Size1.19 Acres
Price / SF$130.20
Days on Market279
Property Features for 2031 S Loop 250 W
General Information
Standard status
Active
Size
16,859 SF
Lot size
1.19 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 2031 S Loop 250 W Contact us- Floor
- Bldg
- Size
- 16,859 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
2031 S Loop 250 W
-16,859 SF on 1.18 Acres
-Showroom Entrance w/ Automatic Sliding Door
-8 Private...
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Contact us
Listing Agency:
NRG Realty Group - Midland/Odessa
(432) 661-4880
Listed By:
Tucker Schneemann · License #TX 767730
(432) 661-4880
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 11
Last Checked: Aug 29 at 6:52AM
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 NRG Realty Group - Midland/Odessa
Investment Insights
Based on property information with market context.
This 16,859 square foot flex space is available for lease on a 1.18-acre lot. The property features a showroom entrance with an automatic sliding door, eight private offices, and one large flex office. There are three employee restrooms. The property includes one 10'x10' overhead roll-up door, two 12'x12' overhead doors, and two 8'x10' overhead roll-up doors. Gas heaters and airlines are installed in various areas. The shop space is climate controlled. City utilities are available. The property is located in Midland, TX.
Key Highlights
- 16,859 SF of Space on 1.18 Acres
- Climate Controlled Shop Space
- Multiple Overhead Doors: (2) 12'x12', (2) 8'x10', and (1) 10'x10'
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$183,629
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,672,580
$3.7M
Cap Rate 7%
$2,623,271
$2.6M
Cap Rate 9%
$2,040,322
$2.0M
Market Conditions
NOI Build-Up for 16,859 SF
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.
Gross rent
$228.6K $13.56/SF
− Vacancy
−$12.6K −$0.75/SF
EGI
$216.0K $12.81/SF
− OpEx
−$32.4K −$1.92/SF
NOI
$183.6K $10.89/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,672,580
Cap Rate 7%
$2,623,271
Cap Rate 9%
$2,040,322
Alternative Uses
Best Use
Warehouse
$2.62M
$2.30M – $3.06M
NOI $183,629 @ 7.0% cap · market cap 8.37%
Second Best
Industrial
$2.16M
$1.89M – $2.52M
NOI $151,224 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,376 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial 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 - 16,859 SF flex space available for lease in Midland.
Where is this flex space located?
The property is located at 2031 S Loop 250 W Midland, TX.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 16,859 SF of Space on 1.18 Acres; Climate Controlled Shop Space; Multiple Overhead Doors: (2) 12'x12', (2) 8'x10', and (1) 10'x10'
