Flex Space with
New
For Sale
$1,400,000
8701 W County Rd 130, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size4,625 SF
Lot Size10.00 Acres
Price / SF$302.70
Days on Market2
Property Features for 8701 W County Rd 130
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
MS2
Standard status
Active
Size
4,625 SF
Lot size
10.00 Acres
Taxes and HOA fees
Tax Description
Acres: 10.000, SEC: 16, BLK: 40-T2S
Tax Annual Amount
8944
Legal Description
Acres: 10.000, SEC: 16, BLK: 40-T2S
Amenities
Reception/Waiting Area
Conference Room
Breakroom
IT Room
Parts/Tools Cage
Canopy Workspace
Well House
Holding Tank
Wash Pad
Building Details
Year built
2016
Listing Agency:
NRG Realty Group, LLC
(432) 432-7976
Listed By:
Amy Brasher Barnett · License #514276
(432) 352-6714
Added: Oct 2
Last Checked: Oct 3 at 2:06AM
MLS# 50098769
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 4,625-square-foot flex property sits on 10 acres and was built in 2016. The interior includes a reception and waiting area, conference room, breakroom, four offices, two restrooms, and an IT room. A mezzanine adds two rooms, each with its own restroom. Service and storage features include three 14' x 16' doors, a 575-square-foot parts and tools cage, and a 14' x 24' canopy workspace.
The site has four covered parking spaces and a chain-link fence with a manual gate. Additional improvements include a well house, holding tank, and wash pad with an overflow tank.
The site has four covered parking spaces and a chain-link fence with a manual gate. Additional improvements include a well house, holding tank, and wash pad with an overflow tank.
Key Highlights
- 10‑acre site with a 4,625‑square‑foot flex building, constructed in 2016
- Four offices, conference room, reception and waiting area, breakroom, two restrooms, and IT room
- Mezzanine contains two rooms, each with a private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,376
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,007,520
$1.0M
Cap Rate 7%
$719,657
$719.7K
Cap Rate 9%
$559,733
$559.7K
Market Conditions
NOI Build-Up for 4,625 SF
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.
Gross rent
$62.7K $13.56/SF
− Vacancy
−$3.4K −$0.75/SF
EGI
$59.3K $12.81/SF
− OpEx
−$8.9K −$1.92/SF
NOI
$50.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,007,520
Cap Rate 7%
$719,657
Cap Rate 9%
$559,733
Alternative Uses
Best Use
Warehouse
$719.7K
$629.7K – $839.6K
NOI $50,376 @ 7.0% cap · market cap 3.60%
Second Best
Industrial
$592.7K
$518.6K – $691.4K
NOI $41,486 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$1.09M
$954.6K – $1.27M
NOI $76,368 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
73
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fenced property combines office accommodations with covered workspace and vehicle access.
Where is this flex space located?
The property is located at 8701 W County Rd 130 Midland, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 10‑acre site with a 4,625‑square‑foot flex building, constructed in 2016; Four offices, conference room, reception and waiting area, breakroom, two restrooms, and IT room; Mezzanine contains two rooms, each with a private restroom
