Flex Warehouse with 10-Ton
5620 Fm 1788 Midland, TX 79706
New
5620 Fm 1788, Midland, TX, 79706
$2,203,750
For Sale
$2,203,750
Newly constructed warehouse features a 10-ton crane-ready insulated space with three drive-through bays.
Property Size10,750 SF
Price / SF$205
Days on Market3
Property Features for 5620 Fm 1788
General Information
- Standard status
- Active
- Size
- 10,750 SF
Building Details
- Year Built
- 2025
Listing agency
NRG Realty Group, LLC
(432) 352-6714
Listed by
Amy Brasher Barnett · License #514276
Source
Billlanier
Added: Jul 20 Updated: Jul 21 at 5:10PM Checked: Jul 21 at 5:10PM
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 NRG Realty Group, LLC
Investment Insights
Based on property information with market context.
Newly constructed 10,750 SF flex/warehouse building on 4.769 acres, combining office and warehouse improvements. The ground-floor office totals 2,000 SF and includes eight private offices, a large conference room, two bathrooms, a kitchen/breakroom, and a storage office. The second-floor space also totals 2,000 SF and includes an executive office and an apartment.
The fully insulated 5,500 SF warehouse is 10-ton crane ready and includes three drive-through bays with six 14'x16' overhead doors. Additional warehouse support space includes an extra office and a bathroom with a shower. At the rear of the building, there is a 1,250 SF covered drive-thru wash-bay.
Additional property features include fiber internet access, 3-phase power, paved asphalt parking, and 20 GPM water capacity.
The fully insulated 5,500 SF warehouse is 10-ton crane ready and includes three drive-through bays with six 14'x16' overhead doors. Additional warehouse support space includes an extra office and a bathroom with a shower. At the rear of the building, there is a 1,250 SF covered drive-thru wash-bay.
Additional property features include fiber internet access, 3-phase power, paved asphalt parking, and 20 GPM water capacity.
Key Highlights
- Newly constructed 10,750 SF building on 4.769 acres (Year built: 2025) with insulated warehouse and office space
- Fully insulated 5,500 SF warehouse is 10‑ton crane ready with 3 drive‑through bays and (6) 14'x16' OH doors
- Warehouse includes an additional office and a bathroom with a shower
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 | $206.4k | $19.20 |
| − Vacancy | −$33.0k | −$3.07 |
| EGI | $173.4k | $16.13 |
| − OpEx | −$43.3k | −$4.03 |
| NOI | $130.0k | $12.10 |
10,750 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,032 @ 7.0% cap · market cap 5.90%
Second Best
Warehouse
$1.67M
$1.46M – $1.95M
NOI $117,090 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,504 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Newly constructed warehouse features a 10-ton crane-ready insulated space with three drive-through bays.
Where is this flex space located?
The property is located at 5620 Fm 1788 Midland, TX.
What is the asking price?
The asking price for this property is $2,203,750.
What are key features of this property?
This property features: Newly constructed 10,750 SF building on 4.769 acres (Year built: 2025) with insulated warehouse and office space; Fully insulated 5,500 SF warehouse is 10‑ton crane ready with 3 drive‑through bays and (6) 14'x16' OH doors; Warehouse includes an additional office and a bathroom with a shower
