Flex Warehouse with
For Sale
$1,450,000
3119 N County Rd 1108, Midland, TX 79706
SINGLE_FAMILY - Midland, TX
Property Size7,500 SF
Lot Size8.02 Acres
Price / SF$193.33
Days on Market52
Property Features for 3119 N County Rd 1108
General Information
Property type
Residential
Property subtype
Office
Fencing
Cross Fenced, Fenced, Chain Link
Appliances
Individual AC Units, Individual Heating Units, Central Hot Water
Lot features
Security, Lighted Parking
Subdivision
MG2
Standard status
Active
APN
463008377
Size
7,500 SF
Lot size
8.02 Acres
Taxes and HOA fees
Tax Annual Amount
1000
Utilities
Utilities
Cable Available
Sewer type
Private Sewer
Water source
Private, Well
Building Details
Year built
2019
Floors in Building
2
Building materials
Metal Construction, Metal Siding, Metal Studs
Roof type
Metal
Listing Agency:
Realty Texas, LLC
(800) 660-1022
Listed By:
Deborah Julian · License #658250
(432) 934-2295
Added: Jun 10
Changed: Jul 12
Last Checked: Jul 31 at 6:06AM
MLS# 175339
Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Flex warehouse with an upstairs executive-style buildout that includes a conference area, offices, kitchen, and bathrooms. The lower level also provides office space, a kitchen, and a bathroom, with warehouse use supported by additional office and bathroom areas. The property includes inventory secured caging, drive-through overhead doors, and secured fencing with entry/exit gates on the north and south sides.
The site includes four RV hook ups, along with a water well and septic. The fenced grounds encompass 8.02 acres.
For availability, the property is listed as available September 2026 and is offered for sale.
The site includes four RV hook ups, along with a water well and septic. The fenced grounds encompass 8.02 acres.
For availability, the property is listed as available September 2026 and is offered for sale.
Key Highlights
- 8.02 acres fully secured with fencing and entry/exit gates on north and south sides
- Metal construction with metal siding, metal studs, and a metal roof; built in 2019
- Property includes executive/offices and warehouse areas with conference, kitchen, and bathrooms across upper and lower levels
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 | $144.0k | $19.20 |
| − Vacancy | −$23.0k | −$3.07 |
| EGI | $121.0k | $16.13 |
| − OpEx | −$30.2k | −$4.03 |
| NOI | $90.7k | $12.10 |
7,500 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.13M – $1.51M
NOI $90,720 @ 7.0% cap · market cap 6.26%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,691 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
68
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex-style warehouse offering upstairs office buildout and drive-through overhead doors with a secured, fenced yard.
Where is this flex space located?
The property is located at 3119 N County Rd 1108 Midland, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 8.02 acres fully secured with fencing and entry/exit gates on north and south sides; Metal construction with metal siding, metal studs, and a metal roof; built in 2019; Property includes executive/offices and warehouse areas with conference, kitchen, and bathrooms across upper and lower levels
