Flex Property with Two
8316 W Interstate 20 Midland, TX 79706
8316 W Interstate 20, Midland, TX, 79706
$1,050,000
For Sale
$1,050,000
Two buildings provide office and warehouse/shop storage space with covered parking and direct frontage.
Property Size4,400 SF
Lot Size2.14 Acres
Price / SF$238.64
Days on Market183
Property Features for 8316 W Interstate 20
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Lot size
- 2.14 Acres
Listing agency
New Heights Real Estate
(432) 703-2545
Listed by
Cassandra Pearce · License #TREC 0588281
(432) 703-2545
Source
Exprealty
Added: Jan 20 Updated: Jul 21 at 11:27PM Checked: Jul 21 at 11:27PM
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 New Heights Real Estate
Investment Insights
Based on property information with market context.
This flex-style property includes two separate buildings on a 2.14-acre lot, each with offices plus shop/work storage space. The configuration totals 4,400 square feet of versatile improvements and features a fenced site, a covered parking area, and office space with a conference room. Each building has a bay door, and the property also includes a carport measuring 704 square feet. A brand-new HVAC system is noted as approximately six months old.
The buildings are described as having high visibility and direct access from IH-20 W frontage. The site is equipped with three-phase 480V power and single-phase power, along with air hose connections with a compressor. Other utilities listed include private water wells and on-site septic.
Ideal for users seeking a combination of office and warehouse operations within a single secured, multi-building setup, the property offers functional loading access via two bay doors and on-site power and utilities to support shop and storage needs.
The buildings are described as having high visibility and direct access from IH-20 W frontage. The site is equipped with three-phase 480V power and single-phase power, along with air hose connections with a compressor. Other utilities listed include private water wells and on-site septic.
Ideal for users seeking a combination of office and warehouse operations within a single secured, multi-building setup, the property offers functional loading access via two bay doors and on-site power and utilities to support shop and storage needs.
Key Highlights
- 2.14‑acre lot with two buildings totaling 4,400 SF for office and warehouse/shop storage
- Direct frontage on Hwy 20 with offices‑warehouse setup and access on IH‑20 W
- Each building includes bay doors (2 total, one per building) plus covered parking
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 | $84.5k | $19.20 |
| − Vacancy | −$13.5k | −$3.07 |
| EGI | $71.0k | $16.13 |
| − OpEx | −$17.7k | −$4.03 |
| NOI | $53.2k | $12.10 |
4,400 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Texas Quality Chemicals ...
Chemical Plant
Longhorn Dirt Construction
Architect
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two buildings provide office and warehouse/shop storage space with covered parking and direct frontage.
Where is this flex space located?
The property is located at 8316 W Interstate 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: 2.14‑acre lot with two buildings totaling 4,400 SF for office and warehouse/shop storage; Direct frontage on Hwy 20 with offices‑warehouse setup and access on IH‑20 W; Each building includes bay doors (2 total, one per building) plus covered parking
