Manufacturing Facility with Crane-Ready
New
For Sale
$3,339,375
5620 Fm 1788, Midland, TX 79706
New industrial facility with dedicated offices, mezzanine space, large shop, grade-level access, water capacity, and 3-Phase power.
Property Size17,125 SF
Lot Size5.85 Acres
Price / SF$195
Days on Market6
Property Features for 5620 Fm 1788
General Information
Standard status
Active
Size
17,125 SF
Lot size
5.85 Acres
Warehouse & Industrial
Clear Height
32 ft
Office Build-Out
2,000 SF
Mezzanine
2,000 SF
Drive-In Doors
8
Three-Phase Power
Yes
Additional Details
Utilities to Site
Yes
Amenities
conference room
kitchenette
Building Details
Year Built
2025
Building Size
17,125 SF
Listing Agency:
NRG Realty Group, LLC
(432) 352-6714
Listed By:
Amy Brasher Barnett · License #514276
Source:
Billlanier
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 25 at 9:01AM
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.
Completed in 2025, this 17,125-square-foot manufacturing facility occupies 5.849 acres and is configured for industrial operations. The property includes 2,000 square feet of office space with 7 private offices, a conference room, and a kitchenette, plus a separate 2,000-square-foot mezzanine suitable for office, breakroom, or storage functions.
The 13,125-square-foot shop measures 75 feet by 175 feet with 32-foot dimensions and is prepared for a 10-ton crane. Eight 14-foot by 16-foot grade-level doors support material movement and equipment access. The facility has approximately 20 GPM water capacity and 3-Phase power, providing infrastructure for fabrication, maintenance, or service operations.
The 13,125-square-foot shop measures 75 feet by 175 feet with 32-foot dimensions and is prepared for a 10-ton crane. Eight 14-foot by 16-foot grade-level doors support material movement and equipment access. The facility has approximately 20 GPM water capacity and 3-Phase power, providing infrastructure for fabrication, maintenance, or service operations.
Key Highlights
- 17,125 SF manufacturing facility on 5.849 acres
- 13,125 SF shop measuring 75'x175'x32'
- 10‑ton crane‑ready shop with 8 grade‑level doors
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
$153,610
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
4.60%
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%
$3,072,200
$3.1M
Cap Rate 7%
$2,194,429
$2.2M
Cap Rate 9%
$1,706,778
$1.7M
Market Conditions
NOI Build-Up for 17,125 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
$232.2K $13.56/SF
− Vacancy
−$12.8K −$0.75/SF
EGI
$219.4K $12.81/SF
− OpEx
−$65.8K −$3.84/SF
NOI
$153.6K $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%
$3,072,200
Cap Rate 7%
$2,194,429
Cap Rate 9%
$1,706,778
Alternative Uses
Best Use
Industrial
$2.19M
$1.92M – $2.56M
NOI $153,610 @ 7.0% cap · market cap 4.60%
Second Best
Flex RnD
$2.15M
$1.88M – $2.51M
NOI $150,673 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$4.04M
$3.53M – $4.71M
NOI $282,768 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
32 ft
Clear height
8
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - New industrial facility with dedicated offices, mezzanine space, large shop, grade-level access, water capacity, and 3-Phase power.
Where is this manufacturing property located?
The property is located at 5620 Fm 1788 Midland, TX.
What is the asking price?
The asking price for this property is $3,339,375.
What are key features of this property?
This property features: 17,125 SF manufacturing facility on 5.849 acres; 13,125 SF shop measuring 75'x175'x32'; 10‑ton crane‑ready shop with 8 grade‑level doors
