Warehouse with 10-Ton
5505 S Fm 1788 Midland, TX 79706
New
5505 S Fm 1788, Midland, TX, 79706
$1,200,000
For Sale
$1,200,000
Freestanding 7,500 SF warehouse built in 2012 with 1,250 SF office, 10-ton crane, and covered wash bay.
Property Size7,500 SF
Lot Size2.36 Acres
Price / SF$160
Days on Market2
Property Features for 5505 S Fm 1788
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 2.36 Acres
Building Details
- Year Built
- 2012
Listing agency
The Real Estate Ranch LLC
(432) 688-8200
Listed by
Thomas Johnston ABR /CNHS
Source
Billlanier
Added: Jul 21 Updated: Jul 22 at 3:35AM Checked: Jul 22 at 3:35AM
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 The Real Estate Ranch LLC
Investment Insights
Based on property information with market context.
This 7,500 SF building was built in 2012 and includes 1,250 SF of office and approximately 6,250 SF of warehouse space. The warehouse is equipped with a 10-ton crane, and the property also features a covered wash bay of about 650 SF. A fenced and caliched yard is included with the building, and a tenant expansion was completed in 2018.
The property is located at 5505 S Fm 1788 in Midland, Texas. The public remarks indicate easy access to I-20 and surrounding areas.
The space is supported by a 3-phase 480V electrical setup, and the wash bay is described as ready for MSA requirements.
The property is located at 5505 S Fm 1788 in Midland, Texas. The public remarks indicate easy access to I-20 and surrounding areas.
The space is supported by a 3-phase 480V electrical setup, and the wash bay is described as ready for MSA requirements.
Key Highlights
- 7,500 SF freestanding warehouse built in 2012 on 2.36 acres
- Layout includes 1,250 SF office and 6,250 SF warehouse space
- Warehouse features a 10‑ton crane
Local 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 | $144.0k | $19.20 |
| − Vacancy | −$23.0k | −$3.07 |
| EGI | $121.0k | $16.13 |
| − OpEx | −$30.2k | −$4.03 |
| NOI | $90.7k | $12.10 |
7,500 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.13M – $1.51M
NOI $90,720 @ 7.0% cap · market cap 7.56%
Second Best
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,691 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,840 @ 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
Veteran Fabrication Inc
General Contractor
Gradiant Corporation (Midland ...
Water Treatment Plant
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FAQs
What type of property is this?
Flex space - Freestanding 7,500 SF warehouse built in 2012 with 1,250 SF office, 10-ton crane, and covered wash bay.
Where is this flex space located?
The property is located at 5505 S Fm 1788 Midland, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,500 SF freestanding warehouse built in 2012 on 2.36 acres; Layout includes 1,250 SF office and 6,250 SF warehouse space; Warehouse features a 10‑ton crane
