Flex Facility with Drive-Through
New
For Sale
$1,575,000
2610 E County Rd 130, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size8,750 SF
Lot Size2.69 Acres
Price / SF$180
Days on Market2
Property Features for 2610 E County Rd 130
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Subdivision
MS3
Standard status
Active
Size
8,750 SF
Lot size
2.69 Acres
Taxes and HOA fees
Tax Description
Legal: Acres: 2.690, BLK: 001, LOT: 002, NOVAS PARADISE
Tax Annual Amount
525
Legal Description
Legal: Acres: 2.690, BLK: 001, LOT: 002, NOVAS PARADISE
Building Details
Year built
2025
Listing Agency:
NRG Realty Group, LLC
(432) 432-7976
Listed By:
Amy Brasher Barnett · License #514276
(432) 352-6714
Added: Oct 2
Last Checked: Oct 3 at 2:06AM
MLS# 50098759
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 8,750-square-foot flex facility is under construction and includes a 1,500-square-foot office with four offices, reception, conference and break rooms, two restrooms and a shower. The 6,000-square-foot shop has 22-foot clear height, is prepared for a 5-ton crane and includes seven 14-by-16-foot overhead doors, three drive-through bays and one drive-in bay. A 1,250-square-foot covered wash bay drains to two 1,500-gallon tanks.
The 2.69-acre site is just south of I-20, with access from a private road surfaced with asphalt millings. The property is fully fenced with two 20-foot gates. Site infrastructure includes three-phase power, a well and septic.
The 2.69-acre site is just south of I-20, with access from a private road surfaced with asphalt millings. The property is fully fenced with two 20-foot gates. Site infrastructure includes three-phase power, a well and septic.
Key Highlights
- 8,750‑square‑foot flex facility on 2.69 acres
- 1,500‑square‑foot office with four offices, reception, conference and break rooms, two restrooms and a shower
- 6,000‑square‑foot shop with 22‑foot clear height and 5‑ton crane readiness
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
$78,487
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
4.98%
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%
$1,569,740
$1.6M
Cap Rate 7%
$1,121,243
$1.1M
Cap Rate 9%
$872,078
$872.1K
Market Conditions
NOI Build-Up for 8,750 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
$118.7K $13.56/SF
− Vacancy
−$6.5K −$0.75/SF
EGI
$112.1K $12.81/SF
− OpEx
−$33.6K −$3.84/SF
NOI
$78.5K $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%
$1,569,740
Cap Rate 7%
$1,121,243
Cap Rate 9%
$872,078
Alternative Uses
Best Use
Industrial
$1.12M
$981.1K – $1.31M
NOI $78,487 @ 7.0% cap · market cap 4.98%
Second Best
Flex RnD
$1.10M
$962.3K – $1.28M
NOI $76,986 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,480 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
22 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A dedicated office, crane-ready shop and covered wash area support varied industrial operations.
Where is this flex space located?
The property is located at 2610 E County Rd 130 Midland, TX.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 8,750‑square‑foot flex facility on 2.69 acres; 1,500‑square‑foot office with four offices, reception, conference and break rooms, two restrooms and a shower; 6,000‑square‑foot shop with 22‑foot clear height and 5‑ton crane readiness
