Insulated Flex
For Sale
$265,000
6300 Fm 1213, Midland, TX 79706
Unrestricted commercial space with frontage on FM 1213 and flexible business, hobby, or storage potential.
Property Size1,600 SF
Price / SF$165.63
Days on Market78
Property Features for 6300 Fm 1213
General Information
Standard status
Active
Size
1,600 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1999
Listing Agency:
The Real Estate Ranch LLC
Listed By:
Ana Montoya · License #0764560
(432) 488-6191
Source:
Rickerlooney
Added: Jul 29
Changed: Oct 2
Last Checked: Oct 7 at 1:46PM
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.
This flex-space property includes a 1,600-square-foot insulated shop built in 1999. The building offers a practical enclosed setting for business activities, hobbies, or storage, with the property described as unrestricted. Frontage on FM 1213 provides direct roadway exposure for the site in Midland, Texas.
Key Highlights
- 1,600‑square‑foot insulated shop
- Frontage on FM 1213
- Unrestricted property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,352
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
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
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 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 5.42%
Second Best
Flex RnD
$201.1K
$176.0K – $234.6K
NOI $14,077 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$377.4K
$330.2K – $440.3K
NOI $26,419 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Unrestricted commercial space with frontage on FM 1213 and flexible business, hobby, or storage potential.
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 $265,000.
What are key features of this property?
This property features: 1,600‑square‑foot insulated shop; Frontage on FM 1213; Unrestricted property
