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    311 E Illinois Ave Midland, TX 79701

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    For Lease
    $1.00 SF/Yr

    4,800 SF flex space featuring office and warehouse components.

    Property size:
    4,800 SF
    Lot size:
    0.17 Acres

    Property Features for 311 E Illinois Ave

    General Information

    Size
    4,800 SF
    Lot size
    0.17 Acres

    Source: Moriah Brokerage Services Agent Trey Dennis

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

    Overview

    Flex Space with Office/Warehouse

    The subject site is a 4,800 square foot flex asset, featuring 1,800 square feet of office space and 3,000 square feet of industrial warehouse space. Constructed in 1975, the metal building is in above-average condition compared to neighboring properties and shows no signs of deferred maintenance. The building recently received a new roof. The most likely user would be a company needing office space as well as some storage for equipment, such as an IT company, photographer, small oilfield service company, or landman. The property is located in Midland, TX.
    Location Intelligence

    Current Use by Public Records

    House of Printing Commercial Printer

    Suggested Use

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

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

    Similar Places Nearby

    Mariquita's Taniche & Catering

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0711499
    Latitude
    31.999831

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    FAQs

    What type of property is this?
    Flex space - 4,800 SF flex space featuring office and warehouse components.
    Where is this flex space located?
    The property is located at 311 E Illinois Ave Midland, TX.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - 4,800 SF Flex Asset: Combination of 1,800 SF Office and 3,000 SF Industrial Warehouse Space.; - New Roof ensures long-term protection.; - Above-Average Condition Compared to Neighboring Properties.
    (432) 682-2510
    Request Owner's contact information
    311 E Illinois 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
    311 E Illinois Ave Midland, TX 79701
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