Two-Building Flex
For Sale
$1,050,000
8316 W I-20, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size4,400 SF
Lot Size2.15 Acres
Price / SF$238.64
Days on Market267
Property Features for 8316 W I-20
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
EC2
Standard status
Active
Size
4,400 SF
Lot size
2.15 Acres
Taxes and HOA fees
Tax Description
8316 I-HWY 20 W MIDLAND TX 79706 LEGAL: ACRES: 2.147, NE/4, SEC: 16, BLK :40-T-2-S
Tax Annual Amount
5100
Legal Description
8316 I-HWY 20 W MIDLAND TX 79706 LEGAL: ACRES: 2.147, NE/4, SEC: 16, BLK :40-T-2-S
Amenities
covered parking
conference room
Building Details
Year built
2005
Listing Agency:
New Heights Real Estate
(210) 824-1476
Listed By:
Cassandra Pearce · License #TREC#0588281
(432) 703-2545
Added: Jan 20
Changed: Aug 25
Last Checked: Oct 14 at 1:06AM
MLS# 50090257
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 flex property includes two buildings totaling 4,400 square feet on 2.147 acres. The improvements combine office, conference, warehouse, shop, and work-storage areas, with one bay door serving each building. A 704-square-foot carport, fenced grounds, and covered parking support daily operations. The property also has air-hose connections with a compressor, three-phase 480V power, single-phase power, private water wells, and an on-site septic system. A new HVAC system was installed approximately 6 months ago.
Located at 8316 W I-20 in Midland, the site fronts IH-20 W and offers direct highway access. The combination of highway exposure, separate buildings, office areas, and service-oriented improvements creates a flexible commercial layout.
Located at 8316 W I-20 in Midland, the site fronts IH-20 W and offers direct highway access. The combination of highway exposure, separate buildings, office areas, and service-oriented improvements creates a flexible commercial layout.
Key Highlights
- 2.147‑acre site with two buildings totaling 4,400 square feet
- Frontage on IH‑20 W with direct access
- Two bay doors, one serving each building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,222
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,064,440
$1.1M
Cap Rate 7%
$760,314
$760.3K
Cap Rate 9%
$591,356
$591.4K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$84.5K $19.20/SF
− Vacancy
−$13.5K −$3.07/SF
EGI
$71.0K $16.13/SF
− OpEx
−$17.7K −$4.03/SF
NOI
$53.2K $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%
$1,064,440
Cap Rate 7%
$760,314
Cap Rate 9%
$591,356
Alternative Uses
Best Use
Office B
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 5.07%
Second Best
Warehouse
$684.6K
$599.1K – $798.8K
NOI $47,925 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.04M
$908.2K – $1.21M
NOI $72,653 @ 7.0% cap · market cap 6.92%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
76
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 - Office and shop improvements provide a versatile commercial configuration with fenced grounds and covered parking.
Where is this flex space located?
The property is located at 8316 W I-20 Midland, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2.147‑acre site with two buildings totaling 4,400 square feet; Frontage on IH‑20 W with direct access; Two bay doors, one serving each building
