Midland Office/Warehouse with Crane Ready
For Sale
$1,662,500
5620 FM 1788 lot 5, Midland, TX 79706
COMMERCIAL - Midland, TX
Property Size8,750 SF
Lot Size2.75 Acres
Price / SF$190
Days on Market249
Property Features for 5620 FM 1788 lot 5
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Subdivision
MM6
Standard status
Active
Size
8,750 SF
Lot size
2.75 Acres
Taxes and HOA fees
Tax Annual Amount
1
Building Details
Year built
2025
Listing Agency:
NRG Realty Group, LLC
(432) 432-7976
Listed By:
Amy Brasher Barnett · License #514276
(432) 352-6714
Added: Nov 24, 2025
Changed: May 14
Last Checked: Jul 31 at 9:06AM
MLS# 50087066
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.
This newly constructed 8,750 square foot office/warehouse is situated on a 2.75-acre lot. The property features a 2,000 square foot office space with multiple private offices, a large conference room, a kitchen/breakroom, storage area, and two restrooms. The 5,500 square foot shop/warehouse is equipped to accommodate a 10-ton crane and includes six manual overhead doors configured to create three full drive-through bays. The shop area also features tall clear heights, with a 26-foot eave and a 30-foot ceiling, along with an unfinished 2,000 square foot mezzanine. Additionally, there is a 1,250 square foot covered wash-bay. The site is fully fenced with barbed wire and includes a gated entrance. Utilities include fiber internet, 3-Phase/600-amp power, and 20 GPM water. Located in Midland, Texas, this commercial property is suitable for various business operations.
Key Highlights
- Newly constructed 8,750 SF office/warehouse on 2.75 acres
- 5,500 SF shop/warehouse is 10‑ton crane ready with 3 full drive‑through bays**
- 2,000 SF office with multiple private offices, large conference room, and kitchen/breakroom
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 | $168.0k | $19.20 |
| − Vacancy | −$26.9k | −$3.07 |
| EGI | $141.1k | $16.13 |
| − OpEx | −$35.3k | −$4.03 |
| NOI | $105.8k | $12.10 |
8,750 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,840 @ 7.0% cap · market cap 6.37%
Second Best
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,306 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,480 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
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
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Frequently Asked Questions
What type of property is this?
Flex space - New 8,750 SF office/warehouse on 2.75 acres for sale.
Where is this flex space located?
The property is located at 5620 FM 1788 lot 5 Midland, TX.
What is the asking price?
The asking price for this property is $1,662,500.
What are key features of this property?
This property features: Newly constructed 8,750 SF office/warehouse on 2.75 acres; 5,500 SF shop/warehouse is 10‑ton crane ready with 3 full drive‑through bays**; 2,000 SF office with multiple private offices, large conference room, and kitchen/breakroom
