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 Market132
Property Features for 9807 Fm 307
General Information
Standard status
Active
Size
6,250 SF
Listing Agency:
Real Estate One - Kelvie Cleverdon
(432) 770-3073
Listed By:
Patti Hollums. ABR. SRS
(432) 770-3073
Source:
Exprealty
Added: Mar 27
Changed: Jul 10
Last Checked: Jul 31 at 6:07PM
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
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 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 | $120.0k | $19.20 |
| − Vacancy | −$19.2k | −$3.07 |
| EGI | $100.8k | $16.13 |
| − OpEx | −$25.2k | −$4.03 |
| NOI | $75.6k | $12.10 |
6,250 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.08M
$945.0K – $1.26M
NOI $75,600 @ 7.0% cap · market cap 6.30%
Second Best
Warehouse
$972.5K
$850.9K – $1.13M
NOI $68,075 @ 7.0% cap · market cap 5.67%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
42
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 - 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
