Flex Space with Gated
For Sale
$375,000
1609 E Taylor, Midland, TX 79701
Flex property with dedicated office space, a gated yard, and access to the Interstate.
Property Size3,200 SF
Price / SF$117.19
Days on Market57
Property Features for 1609 E Taylor
General Information
Standard status
Active
Size
3,200 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
400 SF
Building Details
Year Built
1983
Buildings
1
Building Size
3,200 SF
Listing Agency:
The Real Estate Ranch LLC
Listed By:
Brian Savage · License #0584754
(432) 599-4496
Source:
Hauspg
Added: Aug 15
Changed: Oct 3
Last Checked: Oct 7 at 5:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Ranch LLC
Investment Insights
Based on property information with market context.
Built in 1983, this flex property includes a 3,200 sq. ft. building with approximately 400 sq. ft. allocated to office use. The site also includes a gated yard, adding secured outdoor space to the building configuration.
Located at 1609 E Taylor in Midland, the property sits directly off Taylor Avenue and Lamesa Road with access to the Interstate. The layout supports warehouse or light industrial operations as described in the property information.
Located at 1609 E Taylor in Midland, the property sits directly off Taylor Avenue and Lamesa Road with access to the Interstate. The layout supports warehouse or light industrial operations as described in the property information.
Key Highlights
- 3,200 sq. ft. building
- Approximately 400 sq. ft. of dedicated office space
- Gated yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,704
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,080
$574.1K
Cap Rate 7%
$410,057
$410.1K
Cap Rate 9%
$318,933
$318.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$43.4K $13.56/SF
− Vacancy
−$2.4K −$0.75/SF
EGI
$41.0K $12.81/SF
− OpEx
−$12.3K −$3.84/SF
NOI
$28.7K $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 Rate 5%
$574,080
Cap Rate 7%
$410,057
Cap Rate 9%
$318,933
Alternative Uses
Best Use
Warehouse
$497.9K
$435.7K – $580.9K
NOI $34,855 @ 7.0% cap · market cap 9.29%
Second Best
Industrial
$410.1K
$358.8K – $478.4K
NOI $28,704 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$754.8K
$660.5K – $880.6K
NOI $52,838 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex property with dedicated office space, a gated yard, and access to the Interstate.
Where is this flex space located?
The property is located at 1609 E Taylor Midland, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,200 sq. ft. building; Approximately 400 sq. ft. of dedicated office space; Gated yard
