Warehouse with Gated
1609 E Taylor Midland, TX 79701
For Sale
$450,000
COMMERCIAL - Midland, TX
Property Size3,200 SF
Lot Size0.39 Acres
Price / SF$140.63
Days on Market106
Property Features for 1609 E Taylor
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Description
- Legal: Acres: 0.386, BLK: 017, LOT: 030 W.58 & ALL OF, ADDN: CAROL CREST, (UNRECORDED), LOT 31, SEC 1 BLK 39-T2S
- Tax Annual Amount
- 1192
Building Details
- Year built
- 1983
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Brian Savage · License #TREC 0584754
(432) 599-4496
Added: Apr 10
Changed: Jul 22
Last Checked: Jul 24 at 11:06PM
MLS# 50094211
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.
Investment Insights
Based on property information with market context.
This property includes a 3,200 sq. ft. building with approximately 400 sq. ft. of dedicated office space. The site also features a gated yard, providing an enclosed outdoor area for day-to-day operations.
Located directly off Taylor Avenue and Lamesa road, the property offers straightforward access to the Interstate for logistics and commuting needs.
The overall configuration and existing improvements make this a practical fit for warehouse or light industrial use.
Located directly off Taylor Avenue and Lamesa road, the property offers straightforward access to the Interstate for logistics and commuting needs.
The overall configuration and existing improvements make this a practical fit for warehouse or light industrial use.
Key Highlights
- 3,200 sq. ft. building suitable for warehouse or light industrial use.
- Strategic location directly off Taylor Avenue and Lamesa Road with excellent Interstate accessibility.
- Gated yard.
Financial Insights For Office B
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 | $61.4k | $19.20 |
| − Vacancy | −$9.8k | −$3.07 |
| EGI | $51.6k | $16.13 |
| − OpEx | −$12.9k | −$4.03 |
| NOI | $38.7k | $12.10 |
3,200 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$553.0K
$483.8K – $645.1K
NOI $38,707 @ 7.0% cap · market cap 8.60%
Second Best
Warehouse
$497.9K
$435.7K – $580.9K
NOI $34,855 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$754.8K
$660.5K – $880.6K
NOI $52,838 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Warehouse - Includes a 400 sq. ft. office and a gated yard within a 3,200 sq. ft. warehouse building.
Where is this warehouse located?
The property is located at 1609 E Taylor Midland, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,200 sq. ft. building suitable for warehouse or light industrial use.; Strategic location directly off Taylor Avenue and Lamesa Road with excellent Interstate accessibility.; Gated yard.
