Flex Space with Secured
For Sale
$1,149,000
3010 S County Road 1250, Midland, TX 79707
Recently constructed commercial space combines dedicated offices, shop functions, storage, and a fenced service yard.
Property Size5,000 SF
Price / SF$229.80
Days on Market142
Property Features for 3010 S County Road 1250
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
4
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
3
Taxes and HOA fees
Annual Taxes
$111
Amenities
reception
office manager office/admin
2 additional offices
kitchen
break room
2 ADA compliant baths
upstairs loft for storage
Listing Agency:
Pine & Beckett - Chris Beckett
(432) 349-7000
Listed By:
Chris Beckett Broker Owner CRS GRI ASR e-Pro
(432) 349-7000
Source:
Exprealty
Added: Mar 24
Changed: Aug 11
Last Checked: Aug 11 at 5:09AM
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 Pine & Beckett - Chris Beckett
Investment Insights
Based on property information with market context.
This recently constructed 5,000-square-foot flex property combines a finished office component with warehouse and shop space. The office layout includes a reception area, office manager or administrative office, two additional offices, kitchen, break room, and two ADA-compliant bathrooms. The shop area provides three bay doors measuring more than 20 feet, along with a wash bay. Updated LED lighting and electrical service support the interior, while an expansive upper loft adds storage capacity.
The property includes a secured fenced perimeter yard and four covered parking spaces at the front. Water service is provided by a well, and the property uses septic. Traffic counts are reported at 3,700 cars daily along I-20 and 1,800 cars daily along B-20.
The property includes a secured fenced perimeter yard and four covered parking spaces at the front. Water service is provided by a well, and the property uses septic. Traffic counts are reported at 3,700 cars daily along I-20 and 1,800 cars daily along B-20.
Key Highlights
- 5,000‑square‑foot flex property with office, warehouse, and shop areas
- Three bay doors measuring more than 20 feet, plus a wash bay
- Office layout includes reception, three offices, kitchen, break room, and two ADA‑compliant baths
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
$60,480
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
5.26%
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%
$1,209,600
$1.2M
Cap Rate 7%
$864,000
$864.0K
Cap Rate 9%
$672,000
$672.0K
Market Conditions
NOI Build-Up for 5,000 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
$96.0K $19.20/SF
− Vacancy
−$15.4K −$3.07/SF
EGI
$80.6K $16.13/SF
− OpEx
−$20.2K −$4.03/SF
NOI
$60.5K $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%
$1,209,600
Cap Rate 7%
$864,000
Cap Rate 9%
$672,000
Alternative Uses
Best Use
Office B
$864.0K
$756.0K – $1.01M
NOI $60,480 @ 7.0% cap · market cap 5.26%
Second Best
Warehouse
$778.0K
$680.8K – $907.7K
NOI $54,460 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,560 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79707, TX
37,632
Population
16,654
Households
2.3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
530
Density / Sq Mi
$99,979
Median Household Income
$58,351
Median Earnings
$1,383
Median Rent
$382,400
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 - Recently constructed commercial space combines dedicated offices, shop functions, storage, and a fenced service yard.
Where is this flex space located?
The property is located at 3010 S County Road 1250 Midland, TX.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 5,000‑square‑foot flex property with office, warehouse, and shop areas; Three bay doors measuring more than 20 feet, plus a wash bay; Office layout includes reception, three offices, kitchen, break room, and two ADA‑compliant baths
