6002 S Hwy 349 Midland, TX 79706
Updated flex space with bay doors on over an acre.
Property Features for 6002 S Hwy 349
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 1.07 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1993
Listing office Heritage Real Estate (432) 631-3823
Listing date Dec 7, 2024
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Over an acre of land
- Three bay doors for easy access
- Flexible workspace adaptable to your needs
Local Financial Insights For Industrial
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 | $65.1k | $13.56 |
| − Vacancy | −$3.6k | −$0.75 |
| EGI | $61.5k | $12.81 |
| − OpEx | −$18.5k | −$3.84 |
| NOI | $43.1k | $8.97 |
