Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Developing Area Commercial Property Title is generated by Realmo AI

    6900 TX-349, Midland, TX 79705

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial property in a developing area with high traffic.

    Type:Retail, Office, Restaurant
    Added:
    Mar 25, 2024
    Days on Market:
    780
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 6900 TX-349

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Building Details

    Year Built
    2025

    Spaces For Lease

    at 6900 TX-349 Contact us

    Available Space- Suite #5 $30 /Mo

    Size
    2,000 SF
    Type
    Retail, Office, Restaurant
    This suite was previously leased and is fully built offering a turnkey opportunity...
    show more
    Contact us

    Available Space 6 $28 /Mo

    Size
    2,184 SF
    Type
    Retail, Office, Restaurant
    A total of 4,501sqft pad site. Minimum of 1,500sqft with a drive thru, and 2,501...
    show more
    Contact us

    We can help!

    Listing Contact
    Lucy Sisniega

    Listing agent Lucy Sisniega License #9011102

    Listing office Sisniega Real Estate

    Listing date Mar 25, 2024

    Source Crexi

    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 Sisniega Real Estate

    HighLights

    • Located in a growing neighborhood with a 2,500 home development nearby.
    • High traffic location with +19,000 vehicles per day on SH 349.
    • Situated in a developing area.
    • Surrounded by established businesses such as Kent Kwik, Dollar General, O'Reilly Auto Parts and Tractor Supply.
    • Close proximity to Midland Country Club.
    • Nearby restaurants include The Half Acre BBQ.

    Overview

    This commercial property is situated in a developing area within a growing neighborhood, benefiting from heavy traffic throughout the day and evening. The surrounding business environment includes Kent Kwik, Dollar General, Midland Country Club, O'Reilly Auto Parts, Tractor Supply, Baskin Robbins, and Tea2Go. Nearby dining options include The Half Acre BBQ. The location experiences traffic counts of over 19,000 vehicles per day on State Highway 349. A residential neighborhood development of approximately 2,500 homes is underway in the vicinity.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.039
    Latitude
    32.0538

    Nearby Similar for Lease

    • $6,225/Mo

      Midland Office Space For Lease

      Highly visible office space available for lease in Midland, TX.
      3900 E Hwy 158, Midland, TX 79706
      View Details
    • $12,000/Mo

      Industrial Development Opportunity in Midland

      3.3-acre site with flexible industrial and office space.
      1003 E County Rd 140, Midland, TX 79706
      View Details
    • $1,500/Mo

      Retail Space on Wall Street

      1,770 SF retail space on highly traveled Wall Street.
      2816 W Wall St, Midland, TX 79701
      View Details
    • Contact for pricing

      Midland Flex Space with Warehouse

      2400 SF flex space with warehouse and office potential.
      10910 Hwy 191, Midland, TX 79707
      View Details
    • Contact for pricing

      Executive Offices with Storage/Warehouse

      Class A executive offices with storage/warehouse available for rent.
      10910 Hwy 191, Midland, TX 79707
      View Details
    • Contact for pricing

      Midland Flex Space with Warehouse

      Class A executive suites/warehouse with highway frontage access.
      10910 Hwy 191, Midland, TX 79707
      View Details
    • Contact for pricing

      Midland Flex Space For Rent

      Class A executive suites/warehouse with frontage access and paved parking.
      10910 Hwy 191, Midland, TX 79707
      View Details
    • Contact for pricing

      Midland Flex Space with Frontage

      Flex space with frontage and build-out potential in Midland, TX.
      10910 Hwy 191, Midland, TX 79707
      View Details
    • Contact for pricing

      Midland Industrial Office/Warehouse with Wash-Bay

      Industrial property with shop, office space, wash-bay, and large yard.
      10200 W County Rd 160, Midland, TX 79706
      View Details
    • $28 SF/Yr

      Modern Office Space Available

      Fully furnished office suite with modern amenities and parking.
      6301 Holiday Hill Rd, Midland, TX
      View Details
    • Contact for pricing

      Downtown Midland Office Space Available

      Class B office tower in downtown Midland for lease.
      306 W Wall St, Midland, TX 79701
      View Details
    • Contact for pricing

      Downtown Midland Office Space Available

      Five-story office tower in Midland's central business district for lease.
      110 W Louisiana Ave, Midland, TX 79701
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial property in a developing area with high traffic.
    Where is this retail space located?
    The property is located at 6900 TX-349 Midland, TX.
    What are key features of this property?
    This property features: Located in a growing neighborhood with a 2,500 home development nearby.; High traffic location with **+19,000 vehicles per day on SH 349**.; Situated in a developing area.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lucy Sisniega
    Real Estate License ID: 9011102
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6900 TX-349, Midland, TX 79705
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!