Midland TX Commercial
Tract 1 E I-20 Midland, TX 79706
Tract 1 E I-20, Midland, TX, 79706
$4,160,000
For Sale
$4,160,000
COMMERCIAL - Midland, TX
Property Size17,805 SF
Lot Size18.00 Acres
Price / SF$233.64
Days on Market48
Property Features for Tract 1 E I-20
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- R000003439
- Size
- 17,805 SF
- Lot size
- 18.00 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Utilities
- Cable Available
Building Details
- Year built
- 2006
- Building materials
- Metal Construction
- Roof type
- Metal
Listing Agency
The Real Estate Ranch LLC
(432) 688-8200
6 Desta Drive Suite 1260, Midland, TX
Listed by
Thomas Johnston · License #542176
(432) 688-8200
Added: May 31 Checked: Jul 17 at 10:06 am
MLS# 175091
Copyright © 2026 Odessa 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 commercial property in Midland, TX, features 18 acres of a 43.5-acre tract with 900 feet of I-20 frontage. A 17,805-square-foot building, constructed in 2006, includes 12,000 square feet with heat and AC, along with a carbarn, garage, shop, and porches/awnings. The property includes a home/office with high-end interior finishes, appliances, and fixtures, as well as a 1500-square-foot solid concrete cased safe room that could function as a man cave, gunroom, or tornado shelter. The property overlooks a 2/3-acre lake.
Key Highlights
- 18 Acres with 900' of I‑20 Frontage
- 17,805 sqft Building Built in 2006
- 12,000 sqft with Heat & AC
Local Financial Insights For Warehouse
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 | $241.4k | $13.56 |
| − Vacancy | −$13.3k | −$0.75 |
| EGI | $228.2k | $12.81 |
| − OpEx | −$34.2k | −$1.92 |
| NOI | $193.9k | $10.89 |
17,805 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.77M
$2.42M – $3.23M
NOI $193,933 @ 7.0% cap · market cap 4.66%
Second Best
Industrial
$2.28M
$2.00M – $2.66M
NOI $159,710 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,996 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Carter & Burgess Inc — 505 N Big Spring St, Midland, TX 79701
FAQs
What type of property is this?
Flex space - 18-acre commercial property with I-20 frontage and a 17,805-SF building.
Where is this flex space located?
The property is located at Tract 1 E I-20 Midland, TX.
What is the asking price?
The asking price for this property is $4,160,000.
What are key features of this property?
This property features: 18 Acres with **900' of I‑20 Frontage**; 17,805 sqft Building Built in 2006; **12,000 sqft with Heat & AC**
