Office Building For
For Sale
$849,900
1104 W Missouri Ave, Midland, TX 79701
Office building available for sale in Midland, TX, offering commercial space for prospective owners or tenants.
Property Size3,765 SF
Price / SF$225.74
Days on Market13
Property Features for 1104 W Missouri Ave
General Information
Standard status
Active
Size
3,765 SF
Property subtype
Office
Amenities
Electric
Covered, Paved Driveway.
City Road, Paved Road.
Building Details
Year Built
1927
Listing Agency:
Ricker-Looney Realtors
(432) 889-6402
Listed By:
Taylor Looney · License #TX 514308
(432) 889-6402
Source:
Xome
Added: Jul 19
Changed: Jul 26
Last Checked: Jul 31 at 3:16AM
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 Ricker-Looney Realtors
Investment Insights
Based on property information with market context.
This office building is offered for sale and provides approximately 3,765 square feet of commercial space. The property falls under the office building and office space categories, making it suitable for office-oriented uses.
The asset is located at 1104 W Missouri Ave in Midland, Texas. As listed, no additional details were provided regarding specific interior layout, building condition, parking, or visibility features.
For buyers or tenants looking for an office building with defined commercial square footage, this property presents a straightforward opportunity based on the information available.
The asset is located at 1104 W Missouri Ave in Midland, Texas. As listed, no additional details were provided regarding specific interior layout, building condition, parking, or visibility features.
For buyers or tenants looking for an office building with defined commercial square footage, this property presents a straightforward opportunity based on the information available.
Key Highlights
- Office building built in 1927 in Midland, TX
- Electric cooling
- Covered parking with paved driveway
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 | $72.3k | $19.20 |
| − Vacancy | −$11.6k | −$3.07 |
| EGI | $60.7k | $16.13 |
| − OpEx | −$15.2k | −$4.03 |
| NOI | $45.5k | $12.10 |
3,765 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$650.6K
$569.3K – $759.0K
NOI $45,541 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$888.1K
$777.1K – $1.04M
NOI $62,168 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
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 - Office building available for sale in Midland, TX, offering commercial space for prospective owners or tenants.
Where is this office building located?
The property is located at 1104 W Missouri Ave Midland, TX.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Office building built in 1927 in Midland, TX; Electric cooling; Covered parking with paved driveway
