New Flex Space with Overhead
For Sale
$1,000,000
4912 S County Rd 1172, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size5,000 SF
Lot Size3.00 Acres
Price / SF$200
Days on Market52
Property Features for 4912 S County Rd 1172
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Evans Acres
Standard status
Active
Size
5,000 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
3.0 Acres out of BLK: 002, LOT:004 & 5 S.529.17, ADDN: Evans Acres
Tax Annual Amount
1351
Legal Description
3.0 Acres out of BLK: 002, LOT:004 & 5 S.529.17, ADDN: Evans Acres
Building Details
Year built
2024
Listing Agency:
Heritage Real Estate
(432) 701-0550
Listed By:
Conrado Vasquez
(432) 290-5911
Added: Sep 9
Changed: Oct 7
Last Checked: Oct 30 at 11:06PM
MLS# 50098154
Copyright © 2026 Permian Basin 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.
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Investment Insights
Based on property information with market context.
Completed in 2024, this 5,000-square-foot flex facility includes a 4,000-square-foot shop and a 1,000-square-foot office component. The shop has four overhead doors, three-phase electrical service, and crane capacity rated for up to 5 tons. Office improvements include a reception area, two private offices, a copy and storage room, kitchen and break area, and two restrooms.
The property occupies 3 acres and offers access to HWY 158 and FM 715. A privately owned water well and septic system serve the site, providing additional infrastructure for the commercial operation.
The property occupies 3 acres and offers access to HWY 158 and FM 715. A privately owned water well and septic system serve the site, providing additional infrastructure for the commercial operation.
Key Highlights
- 5,000‑square‑foot flex facility completed in 2024
- 4,000‑square‑foot shop with four overhead doors
- Crane capacity up to 5 tons with three‑phase electrical infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,460
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,200
$1.1M
Cap Rate 7%
$778,000
$778.0K
Cap Rate 9%
$605,111
$605.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$67.8K $13.56/SF
− Vacancy
−$3.7K −$0.75/SF
EGI
$64.1K $12.81/SF
− OpEx
−$9.6K −$1.92/SF
NOI
$54.5K $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%
$1,089,200
Cap Rate 7%
$778,000
Cap Rate 9%
$605,111
Alternative Uses
Best Use
Warehouse
$778.0K
$680.8K – $907.7K
NOI $54,460 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,560 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
52
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Modern commercial facility combines warehouse functionality with dedicated office space, private water service, and onsite septic.
Where is this flex space located?
The property is located at 4912 S County Rd 1172 Midland, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5,000‑square‑foot flex facility completed in 2024; 4,000‑square‑foot shop with four overhead doors; Crane capacity up to 5 tons with three‑phase electrical infrastructure
