Office/Warehouse with Fenced
For Sale
$2,095,000
2031 Trade Drive, Midland, TX 79706
Office and warehouse building with climate-controlled workspace, overhead doors, and a fully fenced paved yard.
Property Size16,859 SF
Lot Size1.18 Acres
Price / SF$124.27
Days on Market97
Property Features for 2031 Trade Drive
General Information
Standard status
Active
Size
16,859 SF
Lot size
1.18 Acres
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Building Details
Building Size
16,859 SF
Year Renovated
2022
Listing Agency:
Moriah Brokerage Services
Listed By:
Jack Oduro · License #799220
(512) 977-8596
Source:
Commercialcafe
Added: Jul 26
Changed: Oct 30
Last Checked: Oct 30 at 10:44AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office/warehouse building offers a mix of showroom and office space alongside climate-controlled warehouse/work areas. The layout includes an open showroom with a storefront entrance, eight private offices, one large flex office, and three employee restrooms, with over 6,500 SF identified as climate-controlled. The warehouse component is supported by three exterior overhead doors and two interior overhead doors, plus compressed air lines, gas heaters, and an overhead electric hoist.
The property sits on Trade Drive and is surrounded by industrial, oilfield service, manufacturing, and commercial businesses. Access is described as convenient to Interstate 20, Highway 80, and Loop 250 for connectivity throughout Midland, Odessa, and the greater Permian Basin.
Outside, the fully fenced yard is primarily surfaced with pavement and asphalt millings, creating outdoor storage and maneuvering space. City water, city sewer, natural gas, and other city utilities are provided.
The property sits on Trade Drive and is surrounded by industrial, oilfield service, manufacturing, and commercial businesses. Access is described as convenient to Interstate 20, Highway 80, and Loop 250 for connectivity throughout Midland, Odessa, and the greater Permian Basin.
Outside, the fully fenced yard is primarily surfaced with pavement and asphalt millings, creating outdoor storage and maneuvering space. City water, city sewer, natural gas, and other city utilities are provided.
Key Highlights
- 16,859 SF office/warehouse building on 1.18 acres with over 6,500 SF climate‑controlled workspace.
- Open showroom with storefront entrance plus eight private offices and one large flex office.
- Warehouse includes 3 exterior overhead doors, 2 interior overhead doors, compressed air lines, gas heaters, and an overhead electric hoist.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,629
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
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
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 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 8.77%
Second Best
Industrial
$2.16M
$1.89M – $2.52M
NOI $151,224 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,376 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
213
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 - Office and warehouse building with climate-controlled workspace, overhead doors, and a fully fenced paved yard.
Where is this flex space located?
The property is located at 2031 Trade Drive Midland, TX.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: 16,859 SF office/warehouse building on 1.18 acres with over 6,500 SF climate‑controlled workspace.; Open showroom with storefront entrance plus eight private offices and one large flex office.; Warehouse includes 3 exterior overhead doors, 2 interior overhead doors, compressed air lines, gas heaters, and an overhead electric hoist.
