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    Midland TX Commercial Property

    Tract 1 E I-20 Midland, TX 79706

    Tract 1 E I-20, Midland, TX, 79706
    $4,160,000
    For Sale
    Claim this Listing
    $4,160,000

    COMMERCIAL - Midland, TX

    Property Size17,805 SF
    Lot Size18.00 Acres
    Price / SF$233.64
    AddedMay 31
    Days on Market46
    Last RefreshJul 15 at 6:06 pm

    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 agent Thomas Johnston License #542176

    Listing office The Real Estate Ranch LLC 6 Desta Drive Suite 1260, Midland, TX

    Listing date May 31, 2026

    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 (±1% cap)
    NOI $193,933 @ 7.0% cap · market cap 4.66%
    Second Best
    Industrial
    $2.28M
    $2.00M – $2.66M (±1% cap)
    NOI $159,710 @ 7.0% cap · market cap 3.84%
    Theoretical Best
    Office A
    $4.20M
    $3.67M – $4.90M (±1% cap)
    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

    Suggested Use

    Locksmith Veterinary Clinic Catering Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service Parking Lot & Garage Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

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    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**
    Contact an agent
    (432) 688-8200
    We can help!
    Contact an agent
    Thomas Johnston
    Thomas Johnston
    Real Estate License ID: 542176
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