Flexible configuration
South Suite: 8,884 SF. North Suite: 6,048 SF. Central lobby and other/common area reconcile to 1,650 SF.
A vacant, flexible office asset designed for owner-users, single-tenant occupancy, or a two-tenant leasing strategy.
The existing configuration combines private offices, open work areas, meeting and training rooms, a large breakroom, access-controlled exterior doors, and a 100 kW generator. The property is marketed as capable of supporting one or two occupants.
South Suite: 8,884 SF. North Suite: 6,048 SF. Central lobby and other/common area reconcile to 1,650 SF.
Large meeting areas, five suite restrooms, kitchenette/breakroom, controlled access, and generator capacity.
Source brochure reports approximately 1 mile to I-20 and 2 miles to Midland International Air & Space Port.
Corner position near South FM 1788 / TX-349 and Highway 80 / Business 20, with two reported access points.
Base case assumes $1.50/SF/month, 100% occupancy, and operating expenses equal to 25% of effective gross revenue. All indicators are estimated and exclude capital expenditures, taxes on income, disposition costs, and leasing costs.
Adjust operating and financing assumptions. Results update immediately and remain estimated. The default values reproduce the base case shown above.
Estimated outputs exclude tenant improvements, leasing commissions, concessions, reserves, capital expenditures, closing costs, taxes on income, and sale proceeds. Negative or low-leverage scenarios may make certain financing metrics not meaningful.
Fixed at $1.50/SF/month and a 25% operating expense ratio. Financing metrics use the hypothetical 70% LTV, 7.25%, 25-year amortization case.
| Occupancy | Effective gross rent | Estimated NOI | Estimated cap rate | Estimated DSCR | Estimated cash-on-cash |
|---|---|---|---|---|---|
| 80% | $238,781 | $179,086 | 8.64% | 1.42x | 8.56% |
| 90% | $268,628 | $201,471 | 9.72% | 1.60x | 12.16% |
| 100% | $298,476 | $223,857 | 10.80% | 1.78x | 15.76% |
Photography is reproduced from the February 2025 property brochure and should not be treated as confirmation of current condition.
The source brochure identifies the property at a visible corner near South FM 1788 / TX-349 and Highway 80 / Business 20, with entrances reported from South FM 1788 and Younger Road.