Flex Space with Insulated
For Sale
Contact for pricing
2810 E County Rd 130, Midland, TX 79706
Versatile flex facility with a small office and fully insulated shop suited for light industrial or mixed operations.
Property Size8,750 SF
Lot Size2.43 Acres
Price / SF$165
Days on Market52
Property Features for 2810 E County Rd 130
General Information
Standard status
Active
Size
8,750 SF
Lot size
2.43 Acres
Property subtype
INDUSTRIAL
Additional Details
Office Units
5
Listing Agency:
NRG Realty Group - Midland/Odessa
(432) 352-6714
Listed By:
Amy Barnett · License #514276
(432) 352-6714
Source:
Moodyscre
Added: Jun 17
Changed: Jul 10
Last Checked: Jul 22 at 4:07AM
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 NRG Realty Group - Midland/Odessa
Investment Insights
Based on property information with market context.
This for-sale flex property offers a total of 8,750 SF on 2.43 acres, combining an office component with a dedicated shop area. The office portion is 1,500 SF and includes five private offices, providing enclosed workspace for management, staff, or client-facing functions. The shop area totals 6,000 SF and is fully insulated, supporting temperature-sensitive work and year-round use.
The property is located at 2810 E County Rd 130 in Midland, Texas. With the acreage included in the offering, the site can accommodate the needs of an operator looking for room to manage day-to-day work alongside office operations.
For buyers seeking a single-site setup, this layout can fit a range of light industrial, service, or workshop-oriented uses that benefit from having both enclosed work space and dedicated private office rooms. The combination of a fully insulated shop and an on-site office arrangement offers practical flexibility for organizations that want to run operations and administration from the same facility.
The property is located at 2810 E County Rd 130 in Midland, Texas. With the acreage included in the offering, the site can accommodate the needs of an operator looking for room to manage day-to-day work alongside office operations.
For buyers seeking a single-site setup, this layout can fit a range of light industrial, service, or workshop-oriented uses that benefit from having both enclosed work space and dedicated private office rooms. The combination of a fully insulated shop and an on-site office arrangement offers practical flexibility for organizations that want to run operations and administration from the same facility.
Key Highlights
- 8,750 SF total building on 2.43 acres
- 1,500 SF office with 5 private offices
- 6,000 SF fully insulated shop space
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
7.33%
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 7.33%
Second Best
Industrial
$1.12M
$981.1K – $1.31M
NOI $78,487 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,480 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
75
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
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex facility with a small office and fully insulated shop suited for light industrial or mixed 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 $1,443,750.
What are key features of this property?
This property features: 8,750 SF total building on 2.43 acres; 1,500 SF office with 5 private offices; 6,000 SF fully insulated shop space
