Turnkey Office/Shop in Midland,
For Sale
Contact for pricing
3717 S County Rd 1232, Midland, TX
New 11,600 SF office/shop with yard on South Loop 250.
Property Size11,600 SF
Lot Size1.50 Acres
Price / SF$206.90
Days on Market460
Property Features for 3717 S County Rd 1232
General Information
Standard status
Active
Size
11,600 SF
Lot size
1.50 Acres
Property subtype
INDUSTRIAL
Listing Agency:
The Real Estate Ranch
(432) 934-3333
Listed By:
Thomas Johnston · License #542176
(432) 934-3333
Source:
Moodyscre
Added: Apr 28, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:55AM
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 The Real Estate Ranch
Investment Insights
Based on property information with market context.
This turnkey office and shop space is located in the Permian Basin, offering a prime location on South Loop 250, also known as Antelope Trail. Situated just south of I-20 and barely outside city limits in a 100% county location, this property features an expandable 11,600 square feet of space. The building includes two pull-through bays and four cross-docked grade-level roll-up doors. The gated 2-4 acre yard, accessible via an electric gate, provides ease of access from Antelope Trail. The property features a covered entrance and covered windows. Inside, there are 12 offices, a kitchen/break room, a conference room, a mop sink, ADA-compliant bathrooms, a shop bathroom with a shower, and multiple storage rooms. This property is intended for use as office and shop space.
Key Highlights
- Prime location on South Loop 250 (Antelope Trail), one of the first buildings south of I‑20.
- Turnkey office/shop, brand new and ready for immediate occupancy.
- Features 11,600 sqft with potential for further expansion on a 2‑4 acre yard.
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 | $222.7k | $19.20 |
| − Vacancy | −$35.6k | −$3.07 |
| EGI | $187.1k | $16.13 |
| − OpEx | −$46.8k | −$4.03 |
| NOI | $140.3k | $12.10 |
11,600 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.00M
$1.75M – $2.34M
NOI $140,314 @ 7.0% cap · market cap 5.85%
Second Best
Warehouse
$1.80M
$1.58M – $2.11M
NOI $126,348 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$2.74M
$2.39M – $3.19M
NOI $191,539 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,186
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carter & Burgess Inc — 505 N Big Spring St, Midland, TX 79701
Frequently Asked Questions
What type of property is this?
Flex space - New 11,600 SF office/shop with yard on South Loop 250.
Where is this flex space located?
The property is located at 3717 S County Rd 1232 Midland, TX.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Prime location on South Loop 250 (Antelope Trail), one of the first buildings south of I‑20.; Turnkey office/shop, brand new and ready for immediate occupancy.; Features 11,600 sqft with potential for further expansion on a 2‑4 acre yard.
