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$1,200,000

5505 S FM 1788, Midland, TX, 79707

On MarketInfo
CommercialInfo
Baths7,500 Sq Ft
price_per_sqft$160 / sqft
Year BuiltBuilt in 2012

Exterior

Lot Size69.89 acres

Land Information

APNR000007912
Land UseFarm/Ranch House +5.0 Acres
Legal DescriptionACRES: 69.890 W/PART SEC: 29 BLK: 40-T2S
Census Tract010119
Assessed Land Value$34,950
Assessment Year2025

About this property

When Location Counts On 1788 Easy access to I-20 & Anywhere South you need to go. Be Seen in this Building Built 2012 on 2.36 acres, in 2018 a tenant Expansion was done. 7500 sqft building consists of 1,250 SF of office, 6,250 SF of warehouse space w/ a 10 Ton crane, and an additional 650 Sf covered wash bay, fenced & Caliched yard. Recap 10 Ton Crane, Visibility, 3 phase 480V, & Washbay Ready for MSA requirements. NNN Lease.

Investor Tools

$0Estimated Mortgage Balance
$1,108,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

Interested in this property?

Thomas Johnston

The Real Estate Ranch LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$496/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$408
$34,950
2025
$34,950
N/A
$34,950
No

Tax History

Year
Tax Paid
Assessed Value
2024
$408
$34,950

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,108,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Midland

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