Industrial Flex Tract with Safe
2828 E INTERSTATE 20 Midland, TX 79706
For Sale
Contact for pricing
Divisible industrial flex property with an 2006-built 17,805 sq ft building and a 1,500 sq ft solid concrete safe room.
Property Size17,805 SF
Lot Size43.50 Acres
Price / SF$405.50
Days on Market58
Property Features for 2828 E INTERSTATE 20
General Information
- Standard status
- Active
- Size
- 17,805 SF
- Lot size
- 43.50 Acres
- Property subtype
- Office, Land
Building Details
- Year Built
- 2006
Listing Agency:
The Real Estate Ranch
(512) 970-1610
Listed By:
Thomas Johnston · License #TX 542176
Source:
Crexi
Added: May 27
Changed: Jul 23
Last Checked: Jul 23 at 6:24AM
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 The Real Estate Ranch
Investment Insights
Based on property information with market context.
This divisible industrial flex property includes a 17,805 sq ft building constructed in 2006. Approximately 12,000 sq ft of the building is climate-controlled, and the improvements also include a carbarn, garage, shop, and covered porches/awnings. The residence/office is described as having high-end interior finishes, appliances, and fixtures. A notable feature is a 1,500 sq ft solid concrete safe room.
The tract offers approximately 900 feet of high-visibility frontage along Interstate 20 and excellent access from Hwy 158 and I-20. The property is fully fenced and is located approximately 0.5 miles northeast of the Hwy 158 & I-20 intersection.
Outside, the property includes an irrigated 2/3 acre lake with Bermuda grass and more than 300 mature trees aged 20–25 years, creating an established setting within the industrial corridor.
The tract offers approximately 900 feet of high-visibility frontage along Interstate 20 and excellent access from Hwy 158 and I-20. The property is fully fenced and is located approximately 0.5 miles northeast of the Hwy 158 & I-20 intersection.
Outside, the property includes an irrigated 2/3 acre lake with Bermuda grass and more than 300 mature trees aged 20–25 years, creating an established setting within the industrial corridor.
Key Highlights
- 43.5± acre tract divisible for multiple purchase options, with approximately 900 ft of I‑20 frontage in an industrial corridor
- 17,805 sq ft building built in 2006 with 12,000 sq ft of climate‑controlled space
- Includes a 1,500 sq ft solid concrete safe room for secure storage or storm shelter use
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $341.9k | $19.20 |
| − Vacancy | −$54.7k | −$3.07 |
| EGI | $287.2k | $16.13 |
| − OpEx | −$71.8k | −$4.03 |
| NOI | $215.4k | $12.10 |
17,805 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.08M
$2.69M – $3.59M
NOI $215,369 @ 7.0% cap · market cap 2.98%
Second Best
Warehouse
$2.77M
$2.42M – $3.23M
NOI $193,933 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,996 @ 7.0% cap · market cap 4.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Moe's Southwest Grill — 3302 Garden City Hwy, Midland, TX 79706
FAQs
What type of property is this?
Flex space - Divisible industrial flex property with an 2006-built 17,805 sq ft building and a 1,500 sq ft solid concrete safe room.
Where is this flex space located?
The property is located at 2828 E INTERSTATE 20 Midland, TX.
What is the asking price?
The asking price for this property is $7,220,000.
What are key features of this property?
This property features: 43.5± acre tract divisible for multiple purchase options, with approximately 900 ft of I‑20 frontage in an industrial corridor; 17,805 sq ft building built in 2006 with 12,000 sq ft of climate‑controlled space; Includes a 1,500 sq ft solid concrete safe room for secure storage or storm shelter use
