Flex Space with
For Sale
Contact for pricing
5713 West CR-135, Midland, TX 79706
Recently completed industrial facility combining office accommodations, shop capacity, and outdoor operating space.
Property Size9,000 SF
Lot Size2.62 Acres
Price / SF$183.33
Days on Market70
Property Features for 5713 West CR-135
General Information
Standard status
Active
Size
9,000 SF
Lot size
2.62 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Building Details
Year Built
2025
Listing Agency:
Invest Texas Real Estate
Listed By:
Robert LaFrance · License #TX682287
(254) 855-9179
Source:
Crexi
Added: Aug 6
Changed: Sep 29
Last Checked: Oct 12 at 5:57PM
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 Invest Texas Real Estate
Investment Insights
Based on property information with market context.
Completed in 2025, this flex facility brings together professional office space, substantial shop area, and a mezzanine that expands storage or operational capacity. The property sits on a fenced 2.62-acre site suited to equipment staging, fleet parking, and outdoor industrial activity.
Access connects the facility with Loop 250, Highway 349, Highway 158, and Interstate 20. The configuration supports a range of industrial operations, including oilfield services, contracting, manufacturing, fabrication, and distribution.
Access connects the facility with Loop 250, Highway 349, Highway 158, and Interstate 20. The configuration supports a range of industrial operations, including oilfield services, contracting, manufacturing, fabrication, and distribution.
Key Highlights
- Completed in 2025
- 9,000‑square‑foot industrial facility with office and shop areas
- Mezzanine provides additional storage or operational space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,864
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,177,280
$2.2M
Cap Rate 7%
$1,555,200
$1.6M
Cap Rate 9%
$1,209,600
$1.2M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$172.8K $19.20/SF
− Vacancy
−$27.6K −$3.07/SF
EGI
$145.2K $16.13/SF
− OpEx
−$36.3K −$4.03/SF
NOI
$108.9K $12.10/SF
Area
Midland, TX
Vacancy
16.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,177,280
Cap Rate 7%
$1,555,200
Cap Rate 9%
$1,209,600
Alternative Uses
Best Use
Office B
$1.56M
$1.36M – $1.81M
NOI $108,864 @ 7.0% cap · market cap 6.60%
Second Best
Warehouse
$1.40M
$1.23M – $1.63M
NOI $98,029 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,608 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
42
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
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Frequently Asked Questions
What type of property is this?
Flex space - Recently completed industrial facility combining office accommodations, shop capacity, and outdoor operating space.
Where is this flex space located?
The property is located at 5713 West CR-135 Midland, TX.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Completed in 2025; 9,000‑square‑foot industrial facility with office and shop areas; Mezzanine provides additional storage or operational space
