Listing Agency: Invest Texas Real Estate

Listed By: Robert LaFrance · License #TX682287 Show Phone

Source: Crexi

Added: Mar 23 Changed: Oct 16 Last Checked: Oct 20 at 5:43PM

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Investment Insights

Based on property information with market context.

This truck terminal property contains 10,500 square feet and is located at 6308 S County Rd 1270 in Midland, Texas 79706.

Key Highlights

• 10,500 square feet of property size
• Located at 6308 S County Rd 1270, Midland, TX 79706
• Classified as a truck terminal

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$114,367

Cap Rate

4.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,287,340 $2.3M

Cap Rate 7%

$1,633,814 $1.6M

Cap Rate 9%

$1,270,744 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,500 SF

Gross rent

$142.4K $13.56/SF

− Vacancy

−$7.8K −$0.75/SF

EGI

$134.5K $12.81/SF

− OpEx

−$20.2K −$1.92/SF

NOI

$114.4K $10.89/SF

Area

Midland, TX

Vacancy

5.50%

Lease Rate

$13.56 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,287,340

Cap Rate 7%

$1,633,814

Cap Rate 9%

$1,270,744

Alternative Uses

Best Use

Warehouse

$1.63M

$1.43M – $1.91M (±1% cap)

NOI $114,367 @ 7.0% cap · market cap 4.95%

Second Best

Industrial

$1.35M

$1.18M – $1.57M (±1% cap)

NOI $94,184 @ 7.0% cap · market cap 4.08%

Theoretical Best

Office A

$2.48M

$2.17M – $2.89M (±1% cap)

NOI $173,376 @ 7.0% cap · market cap 7.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Patron Poly Services ... Factory

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Building Supply Auto Parts Store Storage Facility Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

59

Businesses Nearby

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Flex Property with Wash Bay

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Renovated Freestanding Office Building

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Office Building with Fenced Grounds

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Flexible Retail Showroom Building

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Industrial Flex Space with Drive-In Bays

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Secured Flex Industrial Facility

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Fenced Flex Space with Bay Doors

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Frequently Asked Questions

What type of property is this?

Truck terminal - Commercial property at 6308 S County Rd 1270 in Midland, Texas.

Where is this truck terminal located?

The property is located at 6308 S County Rd 1270 Midland, TX.

What is the asking price?

The asking price for this property is $2,310,000.

What are key features of this property?

This property features: 10,500 square feet of property size; Located at 6308 S County Rd 1270, Midland, TX 79706; Classified as a truck terminal