Flex Property with Two
For Sale
$1,050,000
8316 W Interstate 20, Midland, TX 79706
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 Market273
Property Features for 8316 W Interstate 20
General Information
Standard status
Active
Size
4,400 SF
Lot size
2.14 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Drive-In Doors
2
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$5,100
Listing Agency:
New Heights Real Estate
(210) 824-1476
Listed By:
Cassandra Pearce · License #TREC#0588281
(432) 703-2545
Source:
Exprealty
Added: Jan 20
Changed: Oct 8
Last Checked: Oct 19 at 1:08PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,925
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,500
$958.5K
Cap Rate 7%
$684,643
$684.6K
Cap Rate 9%
$532,500
$532.5K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$59.7K $13.56/SF
− Vacancy
−$3.3K −$0.75/SF
EGI
$56.4K $12.81/SF
− OpEx
−$8.5K −$1.92/SF
NOI
$47.9K $10.89/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,500
Cap Rate 7%
$684,643
Cap Rate 9%
$532,500
Alternative Uses
Best Use
Warehouse
$684.6K
$599.1K – $798.8K
NOI $47,925 @ 7.0% cap · market cap 4.56%
Second Best
Industrial
$563.8K
$493.4K – $657.8K
NOI $39,468 @ 7.0% cap · market cap 3.76%
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
80
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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
