Crane-Ready Flex
For Sale
$1,270,000
2810 E County Rd 130, Midland, TX 79706
Secured, fenced property combines private offices with a multi-bay industrial shop and dedicated wash-bay area.
Property Size8,750 SF
Price / SF$145.14
Days on Market43
Property Features for 2810 E County Rd 130
General Information
Standard status
Active
Size
8,750 SF
Building Details
Year Built
2024
Listing Agency:
NRG Realty Group, LLC
(432) 352-6714
Listed By:
Amy Brasher Barnett · License #514276
Source:
Rickerlooney
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 30 at 6:50PM
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, LLC
Investment Insights
Based on property information with market context.
Located at 2810 E County Road 130 in South Midland, this flex property contains 8,750 square feet within a 2.43-acre secured site. The 1,500-square-foot office component includes five private offices, two restrooms, a conference room, and a break room.
The 6,000-square-foot shop is fully insulated and crane ready, with three drive-through bays and one drive-in bay accessed through the wash-bay area. Overhead doors measure 14 feet by 16 feet. A covered 1,250-square-foot wash bay drains to a 350-gallon underground tank. The property is fully fenced and served by 3-Phase power and septic.
The 6,000-square-foot shop is fully insulated and crane ready, with three drive-through bays and one drive-in bay accessed through the wash-bay area. Overhead doors measure 14 feet by 16 feet. A covered 1,250-square-foot wash bay drains to a 350-gallon underground tank. The property is fully fenced and served by 3-Phase power and septic.
Key Highlights
- 8,750 SF industrial building on 2.43 acres in South Midland
- 1,500 SF office area with 5 private offices, 2 restrooms, conference room, and break room
- 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
Industrial
$1.12M
$981.1K – $1.31M
NOI $78,487 @ 7.0% cap · market cap 6.18%
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
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 - Secured, fenced property combines private offices with a multi-bay industrial shop and dedicated wash-bay area.
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 industrial building on 2.43 acres in South Midland; 1,500 SF office area with 5 private offices, 2 restrooms, conference room, and break room; 6,000 SF fully insulated, crane‑ready shop
