Flex Space with RV
For Sale
$250,000
2066 Private Rd C2300, Midland, TX 79705
Commercial property with a shop, RV hookups, utilities, and an expansive yard for equipment or vehicle storage.
Property Size2,000 SF
Lot Size5.00 Acres
Price / SF$125
Days on Market44
Property Features for 2066 Private Rd C2300
General Information
Standard status
Active
Size
2,000 SF
Lot size
5.00 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
2
Land Use
commercial
Amenities
RV hookups
Building Details
Year Built
2026
Buildings
1
Building Size
2,000 SF
Listing Agency:
The Real Estate Ranch LLC
Listed By:
Ana Montoya · License #0764560
(432) 488-6191
Source:
Rickerlooney
Added: Aug 2
Changed: Sep 8
Last Checked: Sep 13 at 2:32PM
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 The Real Estate Ranch LLC
Investment Insights
Based on property information with market context.
This flex-space property includes 5 acres with a 2,000-square-foot shop built in 2026. The building measures 40 x 50 feet and contains two 14 x 16 bay doors, a bathroom, and utilities. Ten RV hookups are also installed on the property.
The surrounding yard provides room for 18-wheelers, heavy equipment, fleet vehicles, storage, oilfield services, and construction operations. Access is available near North Loop 250, with connectivity to Interstate I-20. The address is 2066 Private Road C2300 in Midland, Texas.
The surrounding yard provides room for 18-wheelers, heavy equipment, fleet vehicles, storage, oilfield services, and construction operations. Access is available near North Loop 250, with connectivity to Interstate I-20. The address is 2066 Private Road C2300 in Midland, Texas.
Key Highlights
- 5 acres with a 2,000‑square‑foot shop
- Shop measures 40 x 50 feet and was built in 2026
- Two 14 x 16 bay doors, bathroom, and utilities
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
$17,940
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
7.18%
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%
$358,800
$358.8K
Cap Rate 7%
$256,286
$256.3K
Cap Rate 9%
$199,333
$199.3K
Market Conditions
NOI Build-Up for 2,000 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
$27.1K $13.56/SF
− Vacancy
−$1.5K −$0.75/SF
EGI
$25.6K $12.81/SF
− OpEx
−$7.7K −$3.84/SF
NOI
$17.9K $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 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%
$358,800
Cap Rate 7%
$256,286
Cap Rate 9%
$199,333
Alternative Uses
Best Use
Industrial
$256.3K
$224.3K – $299.0K
NOI $17,940 @ 7.0% cap · market cap 7.18%
Second Best
Flex RnD
$251.4K
$220.0K – $293.3K
NOI $17,597 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$471.8K
$412.8K – $550.4K
NOI $33,024 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79705, TX
44,138
Population
20,021
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
91%
High-School Grad
79.4 sq mi
ZIP Area
556
Density / Sq Mi
$105,106
Median Household Income
$60,415
Median Earnings
$1,431
Median Rent
$329,300
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
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property with a shop, RV hookups, utilities, and an expansive yard for equipment or vehicle storage.
Where is this flex space located?
The property is located at 2066 Private Rd C2300 Midland, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 5 acres with a 2,000‑square‑foot shop; Shop measures 40 x 50 feet and was built in 2026; Two 14 x 16 bay doors, bathroom, and utilities
