Flex Office-Warehouse with Overhead
For Sale
$950,000
4417 West Industrial Avenue, Midland, TX 79703
Industrial flex facility with two private offices, a full bathroom with shower, and five overhead doors including pull-through bays.
Property Size6,500 SF
Lot Size2.00 Acres
Days on Market171
Property Features for 4417 West Industrial Avenue
General Information
Standard status
Active
Size
6,500 SF
Lot size
2.00 Acres
Property subtype
Industrial - Flex - Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
5
Office Units
2
Building Details
Building Size
6,500 SF
Year Built
1950
Year Renovated
2018
Listing Agency:
Moriah Brokerage Services
Listed By:
Jack Oduro · License #799220
(512) 977-8596
Source:
Commercialcafe
Added: May 14
Changed: Oct 30
Last Checked: Oct 30 at 10:50AM
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 Moriah Brokerage Services
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-style industrial property combines office and warehouse/shop space on a 2-acre lot. The building includes two private offices and a full-size bathroom with a shower. The warehouse/shop area is serviced by five overhead doors, including two pull-through bays for easier truck access and movement. An additional 160 SF on-site storage building provides extra space for equipment or inventory.
Located at 4417 West Industrial Avenue on the city’s west side, the property is described as just south of Business 20 and across railway tracks on Far West Industrial Avenue. The remarks also note close proximity to Loop 250 and Highway Business 20, supporting convenient connectivity to major transportation routes.
Overall, the layout is suited for operations that need both functional shop access and dedicated office space, with multiple dock-style overhead doors for day-to-day logistics and work flow.
Located at 4417 West Industrial Avenue on the city’s west side, the property is described as just south of Business 20 and across railway tracks on Far West Industrial Avenue. The remarks also note close proximity to Loop 250 and Highway Business 20, supporting convenient connectivity to major transportation routes.
Overall, the layout is suited for operations that need both functional shop access and dedicated office space, with multiple dock-style overhead doors for day-to-day logistics and work flow.
Key Highlights
- Industrial flex facility on a 2‑acre lot with office and warehouse/shop space
- Building has 2 private offices and a full bathroom with shower
- Shop includes 5 overhead doors, including 2 pull‑through bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,798
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,960
$1.4M
Cap Rate 7%
$1,011,400
$1.0M
Cap Rate 9%
$786,644
$786.6K
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$88.1K $13.56/SF
− Vacancy
−$4.8K −$0.75/SF
EGI
$83.3K $12.81/SF
− OpEx
−$12.5K −$1.92/SF
NOI
$70.8K $10.89/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,960
Cap Rate 7%
$1,011,400
Cap Rate 9%
$786,644
Alternative Uses
Best Use
Warehouse
$1.01M
$885.0K – $1.18M
NOI $70,798 @ 7.0% cap · market cap 7.45%
Second Best
Industrial
$832.9K
$728.8K – $971.8K
NOI $58,305 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,328 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Drive-in doors
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79703, TX
21,205
Population
8,110
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,262
Density / Sq Mi
$80,281
Median Household Income
$44,977
Median Earnings
$1,466
Median Rent
$220,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex facility with two private offices, a full bathroom with shower, and five overhead doors including pull-through bays.
Where is this flex space located?
The property is located at 4417 West Industrial Avenue Midland, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Industrial flex facility on a 2‑acre lot with office and warehouse/shop space; Building has 2 private offices and a full bathroom with shower; Shop includes 5 overhead doors, including 2 pull‑through bays
