Midland Industrial Facility on
5620 FM 1788 lot 2 Midland, TX 79706
5620 FM 1788 lot 2, Midland, TX, 79706
$3,339,375
For Sale
$3,339,375
COMMERCIAL - Midland, TX
Property Size17,125 SF
Lot Size5.85 Acres
Price / SF$195
Days on Market235
Property Features for 5620 FM 1788 lot 2
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Standard status
- Active
- Size
- 17,125 SF
- Lot size
- 5.85 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1
Building Details
- Year built
- 2025
Listing Agency
NRG Realty Group, LLC
(432) 432-7976
6191 St Hwy 161 430, TX
Listed by
Amy Brasher Barnett · License #TX 514276
(432) 352-6714
Added: Nov 24, 2025 Checked: Jul 17 at 12:06 pm
MLS# 50087063
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 industrial facility, situated in Midland, TX, encompasses 17,125 square feet on 5.849 acres. The property is designed to accommodate heavy industrial operations. The office area measures 2,000 square feet and includes 7 private offices, a conference room, and a kitchenette. An additional 2,000-square-foot mezzanine provides space for offices, a breakroom, or storage. The shop area covers 13,125 square feet with dimensions of 75'x175'x32'. It is equipped to support a 10-ton crane, making it suitable for fabrication, maintenance, or service operations. The shop features eight 14'x16' grade-level doors. The property is serviced with approximately 20 GPM water capacity and 3-Phase power.
Key Highlights
- 17,125 SF industrial facility on 5.849 acres, suitable for heavy industrial use.
- 13,125 SF shop space with 32' ceiling height and is 10‑ton crane ready.
- Equipped with (8) 14'x16' grade‑level doors.
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 | $328.8k | $19.20 |
| − Vacancy | −$52.6k | −$3.07 |
| EGI | $276.2k | $16.13 |
| − OpEx | −$69.0k | −$4.03 |
| NOI | $207.1k | $12.10 |
17,125 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.96M
$2.59M – $3.45M
NOI $207,144 @ 7.0% cap · market cap 6.20%
Second Best
Industrial
$2.19M
$1.92M – $2.56M
NOI $153,610 @ 7.0% cap · market cap 4.60%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Industrial property - First-class industrial facility on 5.849 acres in Midland, Texas.
Where is this industrial property located?
The property is located at 5620 FM 1788 lot 2 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 industrial facility on 5.849 acres, suitable for heavy industrial use.; **13,125 SF shop space with 32' ceiling height and is 10‑ton crane ready.**; Equipped with (8) 14'x16' grade‑level doors.
