Flex Warehouse with
For Sale
Contact for pricing
Pending
5102 S County Rd 128, Midland, TX 79706
New construction flex property with 5 private offices, conference room, and a 5,000 SF warehouse plus wash bay.
Property Size7,750 SF
Lot Size2.50 Acres
Days on Market136
Property Features for 5102 S County Rd 128
General Information
Standard status
Pending
Size
7,750 SF
Lot size
2.50 Acres
Property subtype
INDUSTRIAL
Additional Details
Heavy Power
Yes
Listing Agency:
Moriah Brokerage Services
(432) 413-6393
Listed By:
Tommy Reynolds
(432) 413-6393
Source:
Moodyscre
Added: Mar 18
Changed: Jul 26
Last Checked: Jul 30 at 11:20AM
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
Investment Insights
Based on property information with market context.
This new construction flex property includes a warehouse building with on-site office and support space. The facility totals 7,750 SF, with 1,500 SF of office space featuring five private offices, a conference room, and a kitchen. The remaining warehouse area includes a 1,250 SF wash bay on-site, supporting vehicle and equipment service needs.
The property is located outside city limits, with no zoning noted in the information provided. Utilities include 3-phase power availability, and the site is serviced by a water well and septic system.
The offering provides a straightforward live-work configuration for business operations that need both office functions and warehouse space, along with a dedicated wash bay area within the same building footprint.
The property is located outside city limits, with no zoning noted in the information provided. Utilities include 3-phase power availability, and the site is serviced by a water well and septic system.
The offering provides a straightforward live-work configuration for business operations that need both office functions and warehouse space, along with a dedicated wash bay area within the same building footprint.
Key Highlights
- 7,750 SF building on 2.5 acres outside city limits (no zoning reported).
- 1,500 SF office includes 5 private offices, a conference room, and a kitchen.
- 5,000 SF warehouse plus an on‑site 1,250 SF wash bay.
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 | $148.8k | $19.20 |
| − Vacancy | −$23.8k | −$3.07 |
| EGI | $125.0k | $16.13 |
| − OpEx | −$31.2k | −$4.03 |
| NOI | $93.7k | $12.10 |
7,750 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,744 @ 7.0% cap · market cap 6.47%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,414 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,968 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Heavy power
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - New construction flex property with 5 private offices, conference room, and a 5,000 SF warehouse plus wash bay.
Where is this flex space located?
The property is located at 5102 S County Rd 128 Midland, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 7,750 SF building on 2.5 acres outside city limits (no zoning reported).; 1,500 SF office includes 5 private offices, a conference room, and a kitchen.; 5,000 SF warehouse plus an on‑site 1,250 SF wash bay.
