1609 E Taylor Midland, TX 79701
COMMERCIAL - Midland, TX
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 agent Brian Savage License #TREC 0584754 (432) 599-4496
Listing office The Real Estate Ranch LLC 6 Desta Drive Suite 1260, Midland, TX (432) 688-8200
Listing date Apr 10, 2026
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.
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.
Local Financial Insights For Warehouse
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 | $43.4k | $13.56 |
| − Vacancy | −$2.4k | −$0.75 |
| EGI | $41.0k | $12.81 |
| − OpEx | −$6.2k | −$1.92 |
| NOI | $34.9k | $10.89 |
