Office Building with
For Sale
$1,200,000
5914 FM 715, Midland, TX 79706
SINGLE_FAMILY - Midland, TX
Property Size5,580 SF
Lot Size3.00 Acres
Price / SF$215.05
Days on Market46
Property Features for 5914 FM 715
General Information
Property type
Residential
Property subtype
Office
Fencing
Fenced, Chain Link
Accessibility
Accessible Approach with Ramp
Subdivision
38T2S
Lot features
Corner Lot
Standard status
Active
APN
R00020648
Size
5,580 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Annual Amount
6905
Utilities
Water source
Well
Building Details
Year built
2012
Building materials
Metal Construction
Roof type
Metal
Listing Agency:
The Sales Team Realtors
(432) 618-1818
Listed By:
Jessica Carreon
(432) 312-4567
Added: Jun 15
Changed: Jul 29
Last Checked: Jul 30 at 10:06PM
MLS# 175427
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.
The property is a for-sale office building totaling 5,580 square feet, situated on 3 acres. The listing provides a single, consolidated facility footprint and a defined site area, offering a straightforward option for an owner-operator or investor seeking an office-oriented asset.
Located at 5914 FM 715 in Midland, Texas 79706 (Midland County), the property sits on a road identified in the address as FM 715. The information provided does not break out additional improvements, unit mix, or interior layout, but the site size may support a variety of light commercial office uses depending on tenant requirements and permitting.
This offering may suit tenants or buyers looking for a dedicated office building with room associated with a larger land parcel, rather than a strictly small lot redevelopment. Because the listing details do not specify current tenant status, interior condition, or utility/service specifics, prospective buyers and tenants should conduct their own due diligence on building systems and functionality for their intended office use.
Located at 5914 FM 715 in Midland, Texas 79706 (Midland County), the property sits on a road identified in the address as FM 715. The information provided does not break out additional improvements, unit mix, or interior layout, but the site size may support a variety of light commercial office uses depending on tenant requirements and permitting.
This offering may suit tenants or buyers looking for a dedicated office building with room associated with a larger land parcel, rather than a strictly small lot redevelopment. Because the listing details do not specify current tenant status, interior condition, or utility/service specifics, prospective buyers and tenants should conduct their own due diligence on building systems and functionality for their intended office use.
Key Highlights
- Metal construction with a metal roof
- Built in 2012
- Water source from a well
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $107.1k | $19.20 |
| − Vacancy | −$17.1k | −$3.07 |
| EGI | $90.0k | $16.13 |
| − OpEx | −$22.5k | −$4.03 |
| NOI | $67.5k | $12.10 |
5,580 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$964.2K
$843.7K – $1.12M
NOI $67,496 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,137 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - For sale office property totaling 5,580 square feet on 3 acres along FM 715 in Midland, Texas.
Where is this office building located?
The property is located at 5914 FM 715 Midland, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Metal construction with a metal roof; Built in 2012; Water source from a well
