Crane-Ready Flex
For Sale
$1,270,000
2810 E County Rd 130, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size8,750 SF
Lot Size2.43 Acres
Price / SF$145.14
Days on Market118
Property Features for 2810 E County Rd 130
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
MS3
Standard status
Active
Size
8,750 SF
Lot size
2.43 Acres
Taxes and HOA fees
Tax Description
Legal: Acres: 2.430, Subd: NOVAS PARADISE, BLK: 001, LOT: 006, NOVAS PARADISE
Tax Annual Amount
9410
Legal Description
Legal: Acres: 2.430, Subd: NOVAS PARADISE, BLK: 001, LOT: 006, NOVAS PARADISE
Amenities
conference and break room
Building Details
Year built
2024
Listing Agency:
NRG Realty Group, LLC
(432) 432-7976
Listed By:
Amy Brasher Barnett · License #514276
(432) 352-6714
Added: May 11
Changed: Sep 4
Last Checked: Sep 5 at 10:06PM
MLS# 50095114
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.
Built in 2024, this 8,750-square-foot flex property occupies 2.43 acres within a newer industrial park in South Midland. The office component measures 1,500 square feet and includes five private offices, two restrooms, a conference room, and a break room. A fully insulated, crane-ready shop provides 6,000 square feet with three drive-through bays and one drive-in bay accessed from the wash-bay area. Overhead doors measure 14 feet by 16 feet.
The covered wash-bay adds 1,250 square feet and drains to a 350-gallon underground tank. The fenced and secured site at 2810 E County Rd 130 includes 3-Phase power and septic service.
The covered wash-bay adds 1,250 square feet and drains to a 350-gallon underground tank. The fenced and secured site at 2810 E County Rd 130 includes 3-Phase power and septic service.
Key Highlights
- 8,750 SF flex building on 2.43 Acres
- 1,500 SF office area with 5 private offices and 2 restrooms
- 6,000 SF fully insulated, crane‑ready shop
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
$105,840
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
8.33%
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%
$2,116,800
$2.1M
Cap Rate 7%
$1,512,000
$1.5M
Cap Rate 9%
$1,176,000
$1.2M
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
$168.0K $19.20/SF
− Vacancy
−$26.9K −$3.07/SF
EGI
$141.1K $16.13/SF
− OpEx
−$35.3K −$4.03/SF
NOI
$105.8K $12.10/SF
Area
Midland, TX
Vacancy
16.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$2,116,800
Cap Rate 7%
$1,512,000
Cap Rate 9%
$1,176,000
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,840 @ 7.0% cap · market cap 8.33%
Second Best
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,306 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,480 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
17
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
Market
Vacancy Rate% for Office 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 - 2024-built facility combines dedicated offices with secured industrial operations.
Where is this flex space located?
The property is located at 2810 E County Rd 130 Midland, TX.
What is the asking price?
The asking price for this property is $1,270,000.
What are key features of this property?
This property features: 8,750 SF flex building on 2.43 Acres; 1,500 SF office area with 5 private offices and 2 restrooms; 6,000 SF fully insulated, crane‑ready shop
