Fenced Industrial Shop with RV
For Sale
$1,000,000
5701 S FM 1788, Midland, TX 79706
Fenced 3.6-acre industrial property with a 3-bay shop, offices, restrooms, break area, and RV spaces.
Property Size5,000 SF
Lot Size3.60 Acres
Price / SF$200
Days on Market208
Property Features for 5701 S FM 1788
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
5
Lot size
3.60 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Service Bays
3
Office Units
4
Amenities
Electric
3
Covered.
County Road, Paved Road.
Building Details
Year Built
2015
Listing Agency:
(432) 238-8392
Listed By:
Midland
(432) 238-8392
Source:
Xome
Added: Jan 4
Changed: Jul 26
Last Checked: Jul 30 at 3:38AM
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 Midland
Investment Insights
Based on property information with market context.
This fenced industrial shop sits on 3.6 acres and includes 4 offices along with 2 restrooms and a break area. In addition to the main shop, the property offers an additional three-bay shop for flexible storage or light shop use.
The site is set up with 5 RV spaces and includes two septic tanks. It also provides easy access to I-20, supporting convenient arrival and service for vehicles and daily operations.
Overall, the property offers a straightforward combination of office support space, shop bays, and on-site RV parking within a fully fenced yard.
The site is set up with 5 RV spaces and includes two septic tanks. It also provides easy access to I-20, supporting convenient arrival and service for vehicles and daily operations.
Overall, the property offers a straightforward combination of office support space, shop bays, and on-site RV parking within a fully fenced yard.
Key Highlights
- Fenced 3.6‑acre industrial property with a 3‑bay shop and easy access to I‑20
- Includes 4 offices, 2 restrooms, and a break area
- Additional three‑bay shop for extra workspace
Financial Insights For Warehouse
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 | $67.8k | $13.56 |
| − Vacancy | −$3.7k | −$0.75 |
| EGI | $64.1k | $12.81 |
| − OpEx | −$9.6k | −$1.92 |
| NOI | $54.5k | $10.89 |
5,000 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$778.0K
$680.8K – $907.7K
NOI $54,460 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$640.7K
$560.6K – $747.5K
NOI $44,850 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,560 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Service bays
4
Office units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2
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?
Flex space - Fenced 3.6-acre industrial property with a 3-bay shop, offices, restrooms, break area, and RV spaces.
Where is this flex space located?
The property is located at 5701 S FM 1788 Midland, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Fenced 3.6‑acre industrial property with a 3‑bay shop and easy access to I‑20; Includes 4 offices, 2 restrooms, and a break area; Additional three‑bay shop for extra workspace
