Insulated Flex
For Sale
$275,000
6300 FM 1213, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size1,600 SF
Lot Size2.00 Acres
Price / SF$171.88
Days on Market138
Property Features for 6300 FM 1213
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
38T2S
Standard status
Active
APN
R000000024
Size
1,600 SF
Lot size
2.00 Acres
Taxes and HOA fees
Tax Annual Amount
892
Building Details
Year built
1999
Building materials
Metal Construction, Metal Siding
Roof type
Metal
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Ana Montoya · License #0764560
(432) 488-6191
Added: May 26
Changed: Oct 8
Last Checked: Oct 10 at 9:06AM
MLS# 163192
Copyright © 2026 Odessa 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 flex property includes a 1,600-square-foot insulated shop with metal construction, metal siding, and a metal roof. Built in 1999, the building sits on a 2-acre parcel.
The property has frontage on FM 1213 and is located in Midland, Texas. The listing identifies the land as unrestricted.
The property has frontage on FM 1213 and is located in Midland, Texas. The listing identifies the land as unrestricted.
Key Highlights
- 1,600‑square‑foot insulated shop
- 2‑acre parcel
- Frontage on FM 1213
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,352
Cap Rate
5.22%
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 5.22%
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
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Open Analytics
Current Use
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A metal-construction shop offers practical space for business operations, storage, or personal projects.
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: 1,600‑square‑foot insulated shop; 2‑acre parcel; Frontage on FM 1213
