Occupied Flex Industrial
For Sale
Contact for pricing
4617 S County Rd 1210, Midland, TX 79706
Office and shop areas provide a functional setup for industrial operations.
Property Size7,500 SF
Lot Size2.65 Acres
Price / SF$158.67
Days on Market77
Property Features for 4617 S County Rd 1210
General Information
Standard status
Active
Size
7,500 SF
Lot size
2.65 Acres
Property subtype
INDUSTRIAL
Occupancy
100%
Additional Details
Outdoor Storage
Yes
Drive-In Doors
5
Building Details
Building Size
7,500 SF
Listing Agency:
Moriah Brokerage Services
(432) 682-2510
Listed By:
Wes Gotcher
(432) 853-9783
Source:
Moodyscre
Added: Aug 7
Changed: Oct 14
Last Checked: Oct 20 at 8:34PM
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
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Investment Insights
Based on property information with market context.
This 7,500-square-foot flex property occupies 2.65 acres and is 100% occupied. The office component provides three private offices, reception space, a conference room, kitchenette, and restroom. The shop includes five grade-level overhead doors and a second restroom, while mezzanine storage adds four private offices, another conference room, and an additional restroom.
Covered parking at the front and a spacious yard complement the office and warehouse configuration. The property is located in Midland, Texas, and combines dedicated office areas with functional shop space for industrial use.
Covered parking at the front and a spacious yard complement the office and warehouse configuration. The property is located in Midland, Texas, and combines dedicated office areas with functional shop space for industrial use.
Key Highlights
- 7,500 SF flex industrial property on 2.65 acres
- 100% occupied
- Five grade‑level overhead doors in the shop area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,720
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,814,400
$1.8M
Cap Rate 7%
$1,296,000
$1.3M
Cap Rate 9%
$1,008,000
$1.0M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$144.0K $19.20/SF
− Vacancy
−$23.0K −$3.07/SF
EGI
$121.0K $16.13/SF
− OpEx
−$30.2K −$4.03/SF
NOI
$90.7K $12.10/SF
Area
Midland, TX
Vacancy
16.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,814,400
Cap Rate 7%
$1,296,000
Cap Rate 9%
$1,008,000
Alternative Uses
Best Use
Office B
$1.30M
$1.13M – $1.51M
NOI $90,720 @ 7.0% cap · market cap 7.62%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,691 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Drive-in doors
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
56
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and shop areas provide a functional setup for industrial operations.
Where is this flex space located?
The property is located at 4617 S County Rd 1210 Midland, TX.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 7,500 SF flex industrial property on 2.65 acres; 100% occupied; Five grade‑level overhead doors in the shop area
