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    500-550 W Texas Ave Midland, TX 79701

    For Lease
    $20 SF/Yr ($11,475 /Mo)

    Office space in downtown Midland near amenities and attractions.

    Property size:
    6,885 SF
    Lot size:
    4.70 Acres

    Property Features for 500-550 W Texas Ave

    General Information

    Size
    6,885 SF
    Lot size
    4.70 Acres

    Source: Moriah Brokerage Services Agent Trey Dennis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Midland Office Sublease

    The available suite is located in Tower Two of the Fasken Center on Texas Avenue in Downtown Midland. The towers are positioned immediately North of Wall Street, a main east-west thoroughfare. Centennial Park, the Bush Convention Center, dining options, and the Midland County Library are within walking distance. The property offers private offices, conference rooms, a breakroom, and a file room. This is a sublease opportunity. The property has a size of 6,885 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0799116
    Latitude
    31.9988169

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    FAQs

    What type of property is this?
    Office space - Office space in downtown Midland near amenities and attractions.
    Where is this office space located?
    The property is located at 500-550 W Texas Ave Midland, TX.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Midland location on Texas Avenue in the Fasken Center.; - Sublease opportunity.; - Walking distance to Centennial Park, Bush Convention Center, dining, and the Midland County Library.
    (432) 682-2510
    Request Owner's contact information
    500-550 W Texas Ave Midland, TX 79701
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    Midland, TX 79701
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    Realmo Value Estimation

    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.

    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.

    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
    500-550 W Texas Ave Midland, TX 79701
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