Unrestricted Commercial Property on FM
6300 FM 1213 Midland, TX 79706
6300 FM 1213, Midland, TX, 79706
$275,000
For Sale
$275,000
COMMERCIAL - Midland, TX
Property Size1,600 SF
Lot Size2.00 Acres
Price / SF$171.88
Days on Market298
Property Features for 6300 FM 1213
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 2.00 Acres
Taxes and HOA fees
- Tax Description
- 2. acres out of 79 acres ALL LESS 1.0 AC, SURV: LUE ANDREWS, BLK: 38-T2S, ABST: 612
- Tax Annual Amount
- 892
Building Details
- Year built
- 1999
Listing Agency
The Real Estate Ranch LLC
(432) 688-8200
6 Desta Drive Suite 1260, Midland, TX
Listed by
Ana Montoya · License #0764560
(432) 488-6191
Added: Sep 23, 2025 Checked: Jul 17 at 11:06 am
MLS# 50085491
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 commercial property is located in Midland, Texas, and features unrestricted usage. The property includes a 1,600-square-foot insulated shop. Situated on a 2-acre lot, the property offers frontage on FM 1213. The property is suitable for various business, hobby, or storage purposes, offering possibilities for a home-based enterprise or personal retreat.
Key Highlights
- Unrestricted property - ideal for business or personal use.
- 1,600 sq ft insulated shop.
- Frontage on 1213.
Local Financial Insights For Retail
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 | $24.0k | $15.00 |
| − Vacancy | −$1.7k | −$1.05 |
| EGI | $22.3k | $13.95 |
| − OpEx | −$6.7k | −$4.19 |
| NOI | $15.6k | $9.76 |
1,600 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$223.2K
$195.3K – $260.4K
NOI $15,624 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.4K
$330.2K – $440.3K
NOI $26,419 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Unrestricted 2-acre property with 1,600 SF insulated shop.
Where is this storefront property located?
The property is located at 6300 FM 1213 Midland, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Unrestricted property - ideal for business or personal use.; **1,600 sq ft insulated shop.**; Frontage on 1213.
