Manufacturing Facility with Crane-Ready
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 Market55
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
Listed By:
Amy Brasher Barnett · License #514276
(432) 352-6714
Source:
Billlanier
Added: Aug 21
Changed: Oct 4
Last Checked: Oct 7 at 1:47PM
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 / Yr
$153,610
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
