Flex Property with Wash
New
For Sale
$1,700,000
5522 S County Rd 1160, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size10,125 SF
Lot Size4.32 Acres
Price / SF$167.90
Days on Market2
Property Features for 5522 S County Rd 1160
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Subdivision
MS3
Standard status
Active
Size
10,125 SF
Lot size
4.32 Acres
Taxes and HOA fees
Tax Description
Acres: 4.320, Subd: REDNECK RETREAT, BLK:006, LOT: 005, ADDN: REDNECK RETREAT, SEC 7
Tax Annual Amount
11677
Legal Description
Acres: 4.320, Subd: REDNECK RETREAT, BLK:006, LOT: 005, ADDN: REDNECK RETREAT, SEC 7
Building Details
Year built
2026
Listing Agency:
NRG Realty Group, LLC
(432) 432-7976
Listed By:
Amy Brasher Barnett · License #514276
(432) 352-6714
Added: Oct 2
Last Checked: Oct 3 at 2:06AM
MLS# 50098777
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.
Investment Insights
Based on property information with market context.
Scheduled for completion in 2026, this 10,125-square-foot flex property on 4.32 acres is planned with 2,000 square feet of office space, a 6,500-square-foot shop, and a 1,625-square-foot wash bay. The office layout includes a reception area, five offices, a conference room, a kitchen, and two restrooms. Shop features include seven overhead doors, 26-foot ceilings, crane-ready construction, two restrooms, and a shower in one restroom.
The property at 5522 S County Rd 1160 is in Midland, Texas. Site infrastructure includes 3-phase/480V power, well water, and septic. A chain-link fence topped with barbed wire surrounds the property.
The property at 5522 S County Rd 1160 is in Midland, Texas. Site infrastructure includes 3-phase/480V power, well water, and septic. A chain-link fence topped with barbed wire surrounds the property.
Key Highlights
- 4.32‑acre site in Midland, Texas
- 10,125 SF planned building, with completion scheduled for 2026
- 6,500 SF shop with (7) 14'x16' overhead doors and 26' ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$90,821
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,816,420
$1.8M
Cap Rate 7%
$1,297,443
$1.3M
Cap Rate 9%
$1,009,122
$1.0M
Market Conditions
NOI Build-Up for 10,125 SF
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.
Gross rent
$137.3K $13.56/SF
− Vacancy
−$7.6K −$0.75/SF
EGI
$129.7K $12.81/SF
− OpEx
−$38.9K −$3.84/SF
NOI
$90.8K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,816,420
Cap Rate 7%
$1,297,443
Cap Rate 9%
$1,009,122
Alternative Uses
Best Use
Industrial
$1.30M
$1.14M – $1.51M
NOI $90,821 @ 7.0% cap · market cap 5.34%
Second Best
Flex RnD
$1.27M
$1.11M – $1.48M
NOI $89,084 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,184 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
26 ft
Clear height
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - The planned facility combines office space, a large shop, and a dedicated wash area.
Where is this flex space located?
The property is located at 5522 S County Rd 1160 Midland, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4.32‑acre site in Midland, Texas; 10,125 SF planned building, with completion scheduled for 2026; 6,500 SF shop with (7) 14'x16' overhead doors and 26' ceiling height
