New Midland Commercial Building on
For Sale
$2,161,250
5620 FM 1788 lot 4, Midland, TX 79706
COMMERCIAL - Midland, TX
Property Size11,375 SF
Lot Size6.18 Acres
Price / SF$190
Days on Market254
Property Features for 5620 FM 1788 lot 4
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Subdivision
MM6
Standard status
Active
Size
11,375 SF
Lot size
6.18 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: Aug 4
Last Checked: Aug 5 at 10:06PM
MLS# 50087065
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 commercial building in Midland, TX, offers 11,375 square feet of space on a 6.182-acre lot. The 2,000 square foot office area includes seven private offices, a large conference room, two bathrooms, a kitchen/breakroom, and a storage office. The second floor features up to 2,000 square feet of unfinished mezzanine space plumbed for two bathrooms, showers, and a kitchen, making it suitable for an additional breakroom or apartment. The fully insulated warehouse is equipped with a 10-ton crane and three drive-through bays with six 14'x16' overhead doors. It also includes an additional office and a bathroom with a shower. A 1,875 square foot covered wash bay is also present. The property features 3-Phase Power, a 20 GPM water capacity, and fiber internet.
Key Highlights
- 11,375 SF newly constructed building (2025) on 6.182 acres
- Fully insulated warehouse with 10‑ton crane and 3 drive‑through bays
- 2,000 SF office with 7 private offices, 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 | $218.4k | $19.20 |
| − Vacancy | −$34.9k | −$3.07 |
| EGI | $183.5k | $16.13 |
| − OpEx | −$45.9k | −$4.03 |
| NOI | $137.6k | $12.10 |
11,375 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.29M
NOI $137,592 @ 7.0% cap · market cap 6.37%
Second Best
Warehouse
$1.77M
$1.55M – $2.06M
NOI $123,897 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,824 @ 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Newly constructed 11,375 SF commercial building on 6.182 acres.
Where is this warehouse located?
The property is located at 5620 FM 1788 lot 4 Midland, TX.
What is the asking price?
The asking price for this property is $2,161,250.
What are key features of this property?
This property features: 11,375 SF newly constructed building (2025) on 6.182 acres; Fully insulated warehouse with **10‑ton crane and 3 drive‑through bays**; 2,000 SF office with 7 private offices, conference room, and kitchen/breakroom
