Executive Office Building with
For Sale
$1,800,000
3319 N County Rd 1108, Midland, TX 79706
SINGLE_FAMILY - Midland, TX
Property Size9,000 SF
Lot Size8.85 Acres
Price / SF$200
Days on Market52
Property Features for 3319 N County Rd 1108
General Information
Property type
Residential
Property subtype
Office
Fencing
Cross Fenced, Chain Link
Accessibility
Accessible Approach with Ramp
Appliances
Individual AC Units, Central Hot Water
Lot features
Security
Subdivision
MG2
Standard status
Active
APN
463008377
Size
9,000 SF
Lot size
8.85 Acres
Taxes and HOA fees
Tax Annual Amount
4000
Utilities
Utilities
Cable Available
Sewer type
Private Sewer
Water source
Private, Well
Building Details
Year built
2016
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 7:06AM
MLS# 175343
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.
This executive office build-out includes upstairs office space with a one-bedroom apartment featuring a full bath and in-unit W/D, along with a conference area and offices. The lower level offers additional office space, including a kitchen and a shop office. The property also includes a 5-ton crane with 480 three-phase power and 280 single-phase power, as well as a wash bay.
Outside, the site features secured fencing, auto gates, and paved parking. The back portion includes four acres that are fenced and caliche’d, with RV hook-ups available. A water well and septic are included, and the space is available July 1, 2026.
Outside, the site features secured fencing, auto gates, and paved parking. The back portion includes four acres that are fenced and caliche’d, with RV hook-ups available. A water well and septic are included, and the space is available July 1, 2026.
Key Highlights
- Upstairs executive office build‑out includes 1‑bedroom apartment with full bath, W/D, conference room, and offices
- Lower‑level space offers offices plus a kitchen, shop office, and additional rooming/work areas
- 2016 metal construction with metal roof, metal siding, and metal studs; individual AC units and central hot water
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 | $172.8k | $19.20 |
| − Vacancy | −$27.6k | −$3.07 |
| EGI | $145.2k | $16.13 |
| − OpEx | −$36.3k | −$4.03 |
| NOI | $108.9k | $12.10 |
9,000 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.81M
NOI $108,864 @ 7.0% cap · market cap 6.05%
Second Best
Mixed Use
$1.54M
$1.34M – $1.79M
NOI $107,494 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,608 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
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?
Live-work space - Multi-level office with an upstairs one-bedroom apartment, conference and offices, plus secured, fenced, paved parking and yard area.
Where is this live-work space located?
The property is located at 3319 N County Rd 1108 Midland, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Upstairs executive office build‑out includes 1‑bedroom apartment with full bath, W/D, conference room, and offices; Lower‑level space offers offices plus a kitchen, shop office, and additional rooming/work areas; 2016 metal construction with metal roof, metal siding, and metal studs; individual AC units and central hot water
