Shop and Office Flex
For Sale
$1,200,000
9807 Fm 307, Midland, TX 79706
A shop-and-office flex setup with multiple overhead doors and dedicated office amenities for operations that need both spaces.
Property Size6,250 SF
Price / SF$192
Days on Market153
Property Features for 9807 Fm 307
General Information
Standard status
Active
Size
6,250 SF
Building Details
Year Built
2019
Listing Agency:
Real Estate One - Kelvie Cleverdon
Listed By:
Patti Hollums. ABR. SRS
(432) 770-3073
Source:
Billlanier
Added: Jun 7
Changed: Oct 25
Last Checked: Nov 4 at 6:26PM
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 Real Estate One - Kelvie Cleverdon
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Investment Insights
Based on property information with market context.
The property is a 6,250 SF shop/office combo on approximately 5 acres. The office portion includes five offices, H/H bathrooms, a sizeable foyer/reception area, and a kitchenette. The shop space is configured with seven overhead doors, including three pull-through bays, 18' doors, and 12' liner panels along the interior. Additional operational features include a shop bathroom, three walk-through doors, and a 3-phase power setup. The shop also has a locking cage with overhead storage and a security system.
The site is described as being located in a developing industrial area off FM 307, with easy access to highways. This positioning is intended to support tenants or owners looking for straightforward regional connectivity alongside an on-site office presence.
This layout suits a wide range of light industrial or service-oriented users that require direct shop access through multiple overhead doors and a dedicated office for day-to-day administration. The combination of an upgraded office suite and a functional shop configuration supports in-house operations, with the included security features and flexible bay access supporting routine work flow.
The site is described as being located in a developing industrial area off FM 307, with easy access to highways. This positioning is intended to support tenants or owners looking for straightforward regional connectivity alongside an on-site office presence.
This layout suits a wide range of light industrial or service-oriented users that require direct shop access through multiple overhead doors and a dedicated office for day-to-day administration. The combination of an upgraded office suite and a functional shop configuration supports in-house operations, with the included security features and flexible bay access supporting routine work flow.
Key Highlights
- 6250 SF shop/office combo on ~5 acres in a developing industrial area off FM 307
- Office includes 5 offices, H/H bathrooms, foyer/reception, and kitchenette
- Shop features 7 overhead doors, including 3 pull‑through bays and 18' doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,075
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,500
$1.4M
Cap Rate 7%
$972,500
$972.5K
Cap Rate 9%
$756,389
$756.4K
Market Conditions
NOI Build-Up for 6,250 SF
Gross rent
$84.8K $13.56/SF
− Vacancy
−$4.7K −$0.75/SF
EGI
$80.1K $12.81/SF
− OpEx
−$12.0K −$1.92/SF
NOI
$68.1K $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%
$1,361,500
Cap Rate 7%
$972,500
Cap Rate 9%
$756,389
Alternative Uses
Best Use
Warehouse
$972.5K
$850.9K – $1.13M
NOI $68,075 @ 7.0% cap · market cap 5.67%
Second Best
Industrial
$800.9K
$700.8K – $934.4K
NOI $56,062 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,200 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A shop-and-office flex setup with multiple overhead doors and dedicated office amenities for operations that need both spaces.
Where is this flex space located?
The property is located at 9807 Fm 307 Midland, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6250 SF shop/office combo on ~5 acres in a developing industrial area off FM 307; Office includes 5 offices, H/H bathrooms, foyer/reception, and kitchenette; Shop features 7 overhead doors, including 3 pull‑through bays and 18' doors
