Flex Space with RV
For Sale
$550,000
2066 Private Rd C2300, Midland, TX 79705
COMMERCIAL - Midland, TX
Property Size2,000 SF
Lot Size5.01 Acres
Price / SF$275
Days on Market32
Property Features for 2066 Private Rd C2300
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Subdivision
38-1-S
Standard status
Active
Size
2,000 SF
Lot size
5.01 Acres
Taxes and HOA fees
Tax Description
LT 23 BLK 1, JAZ ESTATES, SEC 9 BLK 38-1-S
Tax Annual Amount
87
Legal Description
LT 23 BLK 1, JAZ ESTATES, SEC 9 BLK 38-1-S
Amenities
RV hookups
Building Details
Year built
2026
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Ana Montoya · License #0764560
(432) 488-6191
Added: Jul 29
Changed: Aug 7
Last Checked: Aug 29 at 9:06PM
MLS# 50097109
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction flex property includes a 2,000-square-foot shop measuring 40 by 50 feet, with two 14-by-16-foot bay doors, a bathroom, and utilities in place. The 5.01-acre site also provides 10 RV hookups and an expansive yard suited to the commercial functions identified for the property, including 18-wheeler staging, heavy equipment, fleet vehicles, storage, oilfield services, and construction operations.
The property is located in Midland, Texas, near North Loop 250 with access to Interstate I-20. The combination of a dedicated shop, substantial acreage, vehicle-oriented yard area, and existing RV hookups supports a range of industrial and flex-space applications.
The property is located in Midland, Texas, near North Loop 250 with access to Interstate I-20. The combination of a dedicated shop, substantial acreage, vehicle-oriented yard area, and existing RV hookups supports a range of industrial and flex-space applications.
Key Highlights
- 5.01‑acre site with a 2,000‑square‑foot shop
- 40 x 50 shop with two 14 x 16 bay doors
- 10 RV hookups are included
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
$21,784
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
3.96%
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%
$435,680
$435.7K
Cap Rate 7%
$311,200
$311.2K
Cap Rate 9%
$242,044
$242.0K
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
−$3.8K −$1.92/SF
NOI
$21.8K $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%
$435,680
Cap Rate 7%
$311,200
Cap Rate 9%
$242,044
Alternative Uses
Best Use
Warehouse
$311.2K
$272.3K – $363.1K
NOI $21,784 @ 7.0% cap · market cap 3.96%
Second Best
Industrial
$256.3K
$224.3K – $299.0K
NOI $17,940 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$471.8K
$412.8K – $550.4K
NOI $33,024 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
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
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 - Under-construction flex space with a shop, bay doors, utilities, and RV hookups.
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 $550,000.
What are key features of this property?
This property features: 5.01‑acre site with a 2,000‑square‑foot shop; 40 x 50 shop with two 14 x 16 bay doors; 10 RV hookups are included
