Industrial Flex Building with
4014 N County Rd 1148 Midland, TX 79705
4014 N County Rd 1148, Midland, TX, 79705
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For Sale
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Industrial flex property featuring three bays, approximately 4,000 sq ft of shop space, and a mezzanine with an office area.
Property Size5,000 SF
Price / SF$160
Days on Market97
Property Features for 4014 N County Rd 1148
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2026
Listing agency
Brix & Co. Realty
(432) 770-5297
Listed by
Lance Welch · License #647076
Source
Crexi
Added: Apr 17 Updated: Jul 21 at 12:04PM Checked: Jul 21 at 12:04PM
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 Brix & Co. Realty
Investment Insights
Based on property information with market context.
This industrial flex building includes three spacious bays and approximately 4,000 square feet of shop space, supported by a functional mezzanine for added flexibility. An onsite office area of approximately 1,000 square feet is laid out with multiple private offices, a break room, and a reception area.
The property sits on a 2.5-acre lot with room for parking and equipment, and it offers convenient access to NE Loop 250. Public remarks also note an opportunity to purchase an identical neighboring property to increase total building space and acreage.
Overall, the existing configuration supports immediate operational use with the flexibility to adapt office space as needs change.
The property sits on a 2.5-acre lot with room for parking and equipment, and it offers convenient access to NE Loop 250. Public remarks also note an opportunity to purchase an identical neighboring property to increase total building space and acreage.
Overall, the existing configuration supports immediate operational use with the flexibility to adapt office space as needs change.
Key Highlights
- New 2026 build industrial flex with three bays and approximately 4,000 sq ft of shop space
- Includes a functional mezzanine for added space and flexibility
- Main office area of approximately 1,000 sq ft with multiple private offices, break room, and reception area
Local Financial Insights For Warehouse
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 | $67.8k | $13.56 |
| − Vacancy | −$3.7k | −$0.75 |
| EGI | $64.1k | $12.81 |
| − OpEx | −$9.6k | −$1.92 |
| NOI | $54.5k | $10.89 |
5,000 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$778.0K
$680.8K – $907.7K
NOI $54,460 @ 7.0% cap · market cap 6.81%
Second Best
Industrial
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,560 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial flex property featuring three bays, approximately 4,000 sq ft of shop space, and a mezzanine with an office area.
Where is this flex space located?
The property is located at 4014 N County Rd 1148 Midland, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: New 2026 build industrial flex with three bays and approximately 4,000 sq ft of shop space; Includes a functional mezzanine for added space and flexibility; Main office area of approximately 1,000 sq ft with multiple private offices, break room, and reception area
