Fenced Flex Space with Bay
New
For Sale
$1,200,000
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$105.26
Days on Market2
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
Last Checked: Sep 1 at 9:51PM
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
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 = 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
$102,257
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
8.52%
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%
$2,045,140
$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
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
$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 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%
$2,045,140
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 11.49%
Second Best
Warehouse
$1.77M
$1.55M – $2.07M
NOI $124,170 @ 7.0% cap · market cap 10.35%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,237 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 $1,200,000.
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
