Fenced Flex Space with Drive-In
For Sale
Contact for pricing
6600 W Hwy 80, Midland, TX 79706
Multi-structure commercial property with office, warehouse, storage, and secured outdoor areas.
Property Size11,120 SF
Lot Size4.01 Acres
Price / SF$134.89
Days on Market282
Property Features for 6600 W Hwy 80
General Information
Standard status
Active
Size
11,120 SF
Total Parking Spaces
4
Lot size
4.01 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
4,000 SF
Drive-In Doors
5
Amenities
Fully Fenced w/ Gated Entrance
Building Details
Buildings
3
Listing Agency:
NRG Realty Group - Midland/Odessa
(432) 661-4880
Listed By:
Tucker Schneemann · License #TX 767730
(432) 661-4880
Source:
Moodyscre
Added: Nov 21, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:11PM
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 NRG Realty Group - Midland/Odessa
Investment Insights
Based on property information with market context.
This flex space property combines 11,120 SF of improvements with 4.01 acres. The main building contains 6,000 SF, including 5 offices, a conference room, storage space, and 2 10' x 12' drive-in bays. A separate 4,000 SF warehouse adds 3 12' x 12' drive-in bays, while a 1,120 SF storage building expands the site's covered storage capacity.
The property also includes a 4-space carport, lean-to storage, and a fully fenced perimeter with a gated entrance. Its mix of office, warehouse, storage, and drive-in functionality supports a range of commercial operations requiring multiple enclosed structures and controlled site access.
The property also includes a 4-space carport, lean-to storage, and a fully fenced perimeter with a gated entrance. Its mix of office, warehouse, storage, and drive-in functionality supports a range of commercial operations requiring multiple enclosed structures and controlled site access.
Key Highlights
- 11,120 SF of improvements on 4.01 acres
- 6,000 SF main building with 5 offices and a conference room
- Main building includes 2 10' x 12' drive‑in bays
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,120
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,422,400
$2.4M
Cap Rate 7%
$1,730,286
$1.7M
Cap Rate 9%
$1,345,778
$1.3M
Market Conditions
NOI Build-Up for 11,120 SF
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.
Gross rent
$150.8K $13.56/SF
− Vacancy
−$8.3K −$0.75/SF
EGI
$142.5K $12.81/SF
− OpEx
−$21.4K −$1.92/SF
NOI
$121.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,422,400
Cap Rate 7%
$1,730,286
Cap Rate 9%
$1,345,778
Alternative Uses
Best Use
Warehouse
$1.73M
$1.51M – $2.02M
NOI $121,120 @ 7.0% cap · market cap 8.07%
Second Best
Industrial
$1.42M
$1.25M – $1.66M
NOI $99,746 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$2.62M
$2.30M – $3.06M
NOI $183,613 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
53
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
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 - Multi-structure commercial property with office, warehouse, storage, and secured outdoor areas.
Where is this flex space located?
The property is located at 6600 W Hwy 80 Midland, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11,120 SF of improvements on 4.01 acres; 6,000 SF main building with 5 offices and a conference room; Main building includes 2 10' x 12' drive‑in bays
