Fenced Flex Space with Bay
For Sale
$1,150,000
308 E Louisiana Ave, Midland, TX 79701
Fenced commercial facility combines office, heated shop, and secure storage areas.
Property Size11,400 SF
Lot Size1.00 Acre
Price / SF$100.88
Days on Market47
Property Features for 308 E Louisiana Ave
General Information
Standard status
Active
Size
11,400 SF
Lot size
1.00 Acre
Additional Details
Fenced Yard
Yes
Office Build-Out
3,200 SF
Building Details
Year Built
1982
Listing Agency:
Caleb Matott Land & Ranch Sales
Listed By:
Caleb Matott · License #TREC 0453625
(432) 349-3330
Source:
Billlanier
Added: Sep 1
Changed: Oct 9
Last Checked: Oct 7 at 12:54PM
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 Caleb Matott Land & Ranch Sales
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Investment Insights
Based on property information with market context.
This flex property at 308 E Louisiana Ave includes a 3,200-square-foot office component with a kitchenette and room to configure multiple offices. The facility also provides a 4,000-square-foot heated shop, 3,200 square feet of secure storage, and six overhead bay doors. A perimeter fence supports controlled access across the approximately one-acre site.
Constructed in 1982, the property is positioned in downtown Midland and offers a combination of administrative, shop, and storage areas within one commercial facility.
Constructed in 1982, the property is positioned in downtown Midland and offers a combination of administrative, shop, and storage areas within one commercial facility.
Key Highlights
- Approximately one‑acre fenced site at 308 E Louisiana Ave in downtown Midland
- Six overhead bay doors
- 3,200 Sqft. office area with kitchenette and room for multiple offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,257
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,045,140
$2.0M
Cap Rate 7%
$1,460,814
$1.5M
Cap Rate 9%
$1,136,189
$1.1M
Market Conditions
NOI Build-Up for 11,400 SF
Gross rent
$154.6K $13.56/SF
− Vacancy
−$8.5K −$0.75/SF
EGI
$146.1K $12.81/SF
− OpEx
−$43.8K −$3.84/SF
NOI
$102.3K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,045,140
Cap Rate 7%
$1,460,814
Cap Rate 9%
$1,136,189
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,894 @ 7.0% cap · market cap 11.99%
Second Best
Warehouse
$1.77M
$1.55M – $2.07M
NOI $124,170 @ 7.0% cap · market cap 10.80%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,237 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,005
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Carter & Burgess Inc — 505 N Big Spring St, Midland, TX 79701
- Mariquita's Taniche & Catering — 1201 E Front St, Midland, TX 79701
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial facility combines office, heated shop, and secure storage areas.
Where is this flex space located?
The property is located at 308 E Louisiana Ave Midland, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately one‑acre fenced site at 308 E Louisiana Ave in downtown Midland; Six overhead bay doors; 3,200 Sqft. office area with kitchenette and room for multiple offices
