Industrial Flex Property with
For Sale
$4,160,000
Tract 1 E IH-20, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size17,805 SF
Lot Size18.00 Acres
Price / SF$233.64
Days on Market149
Property Features for Tract 1 E IH-20
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
38-T2S
Standard status
Active
Size
17,805 SF
Lot size
18.00 Acres
Taxes and HOA fees
Tax Description
18.0 acres out of a 45.3 tract out of SE/4 Sec 6, Block 38, T2S
Legal Description
18.0 acres out of a 45.3 tract out of SE/4 Sec 6, Block 38, T2S
Building Details
Year built
2006
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Thomas Johnston ABR /CNHS
(512) 970-1610
Added: May 28
Changed: Oct 19
Last Checked: Oct 23 at 5:06AM
MLS# 50095531
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.
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Investment Insights
Based on property information with market context.
This 18-acre flex property includes a 17,805-square-foot building completed in 2006. Approximately 12,000 square feet is served by heat and air conditioning, while the balance provides a carbarn, garage, shop, porches, and awnings. The improvements also include a home/office with upgraded interior finishes, appliances, and fixtures, along with a 1,500-square-foot solid concrete-cased safe room.
The tract has 900 feet of frontage along I-20 and sits within an industrial area. Site features include a two-thirds-acre lake, Bermuda grass, an irrigation sprinkler system, and more than 300 mature trees estimated at 20 to 25 years old.
The tract has 900 feet of frontage along I-20 and sits within an industrial area. Site features include a two-thirds-acre lake, Bermuda grass, an irrigation sprinkler system, and more than 300 mature trees estimated at 20 to 25 years old.
Key Highlights
- 18‑acre tract with 900' of I‑20 frontage
- 17,805 square feet of improvements built in 2006
- 12,000 square feet with heat and AC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,710
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,194,200
$3.2M
Cap Rate 7%
$2,281,571
$2.3M
Cap Rate 9%
$1,774,556
$1.8M
Market Conditions
NOI Build-Up for 17,805 SF
Gross rent
$241.4K $13.56/SF
− Vacancy
−$13.3K −$0.75/SF
EGI
$228.2K $12.81/SF
− OpEx
−$68.4K −$3.84/SF
NOI
$159.7K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,194,200
Cap Rate 7%
$2,281,571
Cap Rate 9%
$1,774,556
Alternative Uses
Best Use
Industrial
$2.28M
$2.00M – $2.66M
NOI $159,710 @ 7.0% cap · market cap 3.84%
Second Best
Flex RnD
$2.24M
$1.96M – $2.61M
NOI $156,656 @ 7.0% cap · market cap 3.77%
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 authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
99
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
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Moe's Southwest Grill — 3302 Garden City Hwy, Midland, TX 79706
Frequently Asked Questions
What type of property is this?
Flex space - 2006-built facility combines conditioned workspace with garage, shop, office, and outdoor covered areas.
Where is this flex space located?
The property is located at Tract 1 E IH-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‑acre tract with 900' of I‑20 frontage; 17,805 square feet of improvements built in 2006; 12,000 square feet with heat and AC
