Flex Space with
For Sale
$2,500,000
2205 E County Road 90, Midland, TX 79706
Two separate structures combine open display space, a private office, and a gravel yard within a fenced property.
Property Size12,300 SF
Lot Size6.13 Acres
Price / SF$203.25
Days on Market10
Property Features for 2205 E County Road 90
General Information
Standard status
Active
Size
12,300 SF
Lot size
6.13 Acres
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,091
Building Details
Buildings
2
Listing Agency:
Fathom Realty
(888) 455-6040
Listed By:
Camri Hubbard
(432) 853-7733
Source:
Exprealty
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 30 at 3:13PM
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 Fathom Realty
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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 flex property spans 6.13 acres and includes two buildings with 12,300 SF of industrial space. The 7,500 SF front building has an open showroom and a private office. A separate 4,800 SF rear building includes a 1,680 SF canopy. A gravel-base yard and metal perimeter fencing along adjacent parcels are also part of the property. Two operating businesses are on-site, and the property may be divided.
Key Highlights
- 6.13‑acre property with 12,300 SF of industrial space across two buildings
- Front building totals 7,500 SF and includes an open showroom and private office
- Rear building contains 4,800 SF, including a 1,680 SF canopy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,972
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,679,440
$2.7M
Cap Rate 7%
$1,913,886
$1.9M
Cap Rate 9%
$1,488,578
$1.5M
Market Conditions
NOI Build-Up for 12,300 SF
Gross rent
$166.8K $13.56/SF
− Vacancy
−$9.2K −$0.75/SF
EGI
$157.6K $12.81/SF
− OpEx
−$23.6K −$1.92/SF
NOI
$134.0K $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%
$2,679,440
Cap Rate 7%
$1,913,886
Cap Rate 9%
$1,488,578
Alternative Uses
Best Use
Warehouse
$1.91M
$1.67M – $2.23M
NOI $133,972 @ 7.0% cap · market cap 5.36%
Second Best
Industrial
$1.58M
$1.38M – $1.84M
NOI $110,330 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$2.90M
$2.54M – $3.38M
NOI $203,098 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
74
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two separate structures combine open display space, a private office, and a gravel yard within a fenced property.
Where is this flex space located?
The property is located at 2205 E County Road 90 Midland, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 6.13‑acre property with 12,300 SF of industrial space across two buildings; Front building totals 7,500 SF and includes an open showroom and private office; Rear building contains 4,800 SF, including a 1,680 SF canopy
