Crane-Ready Flex
For Sale
$1,550,000
3101 W County Road 135, Midland, TX 79706
The shop is equipped for crane use and has 22-foot clear height.
Property Size8,750 SF
Lot Size3.11 Acres
Price / SF$177.14
Days on Market9
Property Features for 3101 W County Road 135
General Information
Standard status
Active
Size
8,750 SF
Lot size
3.11 Acres
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
22 ft
Warehouse Space
6,500 SF
Office Build-Out
1,500 SF
Drive-In Doors
4
Three-Phase Power
Yes
Additional Details
Property Use
Industrial
Taxes and HOA fees
Annual Taxes
$714
Listing Agency:
NRG Realty Group, LLC
(210) 860-0241
Listed By:
Amy Brasher Barnett, CCIM · License #514276
(432) 352-6714
Source:
Exprealty
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 28 at 8:56AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property pairs office accommodation with a crane-ready shop featuring 22-foot clear height. The office includes four private offices, a reception area, conference room, break room, two restrooms, and a shower. Shop access includes seven 14' x 16' overhead doors, three drive-through bays, and a drive-in bay. A covered wash bay is also part of the facility.
The property is just south of I-20 in Midland and has an improved private access road. The site is fully fenced with two rolling gates, and utilities include 3-phase power, a private well, and septic. Availability begins October 1, 2026.
The property is just south of I-20 in Midland and has an improved private access road. The site is fully fenced with two rolling gates, and utilities include 3-phase power, a private well, and septic. Availability begins October 1, 2026.
Key Highlights
- Crane‑ready shop with 22‑foot clear height
- Seven 14' x 16' overhead doors
- Three drive‑through bays and one drive‑in bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,487
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,569,740
$1.6M
Cap Rate 7%
$1,121,243
$1.1M
Cap Rate 9%
$872,078
$872.1K
Market Conditions
NOI Build-Up for 8,750 SF
Gross rent
$118.7K $13.56/SF
− Vacancy
−$6.5K −$0.75/SF
EGI
$112.1K $12.81/SF
− OpEx
−$33.6K −$3.84/SF
NOI
$78.5K $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%
$1,569,740
Cap Rate 7%
$1,121,243
Cap Rate 9%
$872,078
Alternative Uses
Best Use
Industrial
$1.12M
$981.1K – $1.31M
NOI $78,487 @ 7.0% cap · market cap 5.06%
Second Best
Flex RnD
$1.10M
$962.3K – $1.28M
NOI $76,986 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,480 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
22 ft
Clear height
4
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
42
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The shop is equipped for crane use and has 22-foot clear height.
Where is this flex space located?
The property is located at 3101 W County Road 135 Midland, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Crane‑ready shop with 22‑foot clear height; Seven 14' x 16' overhead doors; Three drive‑through bays and one drive‑in bay
