Unrestricted Insulated Flex
For Sale
$275,000
6300 FM 1213, Midland, TX 79706
COMMERCIAL - Midland, TX
Property Size1,600 SF
Lot Size2.00 Acres
Price / SF$171.88
Days on Market344
Property Features for 6300 FM 1213
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
38-T2S
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
Legal Description
2. acres out of 79 acres ALL LESS 1.0 AC, SURV: LUE ANDREWS, BLK: 38-T2S, ABST: 612
Building Details
Year built
1999
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Ana Montoya · License #0764560
(432) 488-6191
Added: Sep 23, 2025
Changed: Aug 4
Last Checked: Sep 1 at 9:06PM
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 unrestricted flex/industrial property includes a 1,600-square-foot insulated shop on approximately 2 acres. The existing building is designed for practical indoor work and storage, with an insulated interior suitable for year-round use.
The site provides frontage on FM 1213, offering direct access for customers and deliveries. The property is located at 6300 FM 1213 in Midland, Texas 79706, within Midland County.
As presented, the combination of insulated shop space and acreage supports a range of business and storage uses consistent with its unrestricted status.
The site provides frontage on FM 1213, offering direct access for customers and deliveries. The property is located at 6300 FM 1213 in Midland, Texas 79706, within Midland County.
As presented, the combination of insulated shop space and acreage supports a range of business and storage uses consistent with its unrestricted status.
Key Highlights
- Unrestricted property - ideal for business or personal use.
- 1,600 sq ft insulated shop.**
- Frontage on 1213.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,352
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$287,040
$287.0K
Cap Rate 7%
$205,029
$205.0K
Cap Rate 9%
$159,467
$159.5K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$21.7K $13.56/SF
− Vacancy
−$1.2K −$0.75/SF
EGI
$20.5K $12.81/SF
− OpEx
−$6.2K −$3.84/SF
NOI
$14.4K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$287,040
Cap Rate 7%
$205,029
Cap Rate 9%
$159,467
Alternative Uses
Best Use
Industrial
$205.0K
$179.4K – $239.2K
NOI $14,352 @ 7.0% cap · market cap 5.22%
Second Best
Flex RnD
$201.1K
$176.0K – $234.6K
NOI $14,077 @ 7.0% cap · market cap 5.12%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79706, TX
31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Unrestricted property with a 1,600-square-foot insulated shop and frontage on FM 1213.
Where is this flex space 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.
