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    Downtown Two-Story Office Building Title is generated by Realmo AI

    213 N Main St, Midland, TX 79701

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    For Sale
    $1,400,000

    Two-story masonry office building with adjacent public parking and flexible fit for professional services and law firms.

    Type:Office
    Property size:
    8,386 SF
    Price / SF:
    $166/SF
    Added:
    May 13, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 14 at 1:55 am

    Property Features for 213 N Main St

    General Information

    Standard status
    Active
    Size
    8,386 SF
    Property subtype
    Office

    Building Details

    Year Built
    1949

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    Heritage Real Estate

    Listing office

    Listing date May 13, 2026

    Source Xome

    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 Heritage Real Estate

    HighLights

    • 8,386 SF, two‑story masonry office building built in 1949
    • Located on N Main St with sidewalks and paved/concrete city road access
    • CB zoning
    • Lighted parking available
    • Adjacent public parking available
    • Includes 3 guest facilities

    Overview

    This downtown office building offers a two-story masonry structure built in 1949. The property totals 8,386 square feet and is presented as an established office asset suitable for professional users seeking a dedicated downtown presence.

    Located at 213 N Main St in Midland, the building sits within a downtown revival district and is positioned for walk-in visibility with high foot traffic referenced in the marketing remarks. Zoning is listed as CB, and adjacent public parking is available, supporting convenient access for employees and visitors.

    The space is a practical match for law firms and other professional services that benefit from a straightforward office configuration in a central business area. With on-site improvements consistent with a mid-century masonry office building and nearby public parking to help manage turnover and client visits, the property can serve as a long-term owner-occupied option or as a small-office investment for a buyer seeking an established downtown office format. Interested parties should verify all zoning and use specifics directly with the appropriate authorities before finalizing plans for occupancy or redevelopment.

    Local 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 $161.0k $19.20
    − Vacancy −$25.8k −$3.07
    EGI $135.2k $16.13
    − OpEx −$33.8k −$4.03
    NOI $101.4k $12.10
    8,386 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,437 @ 7.0% cap · market cap 7.25%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.98M
    $1.73M – $2.31M (±1% cap)
    NOI $138,470 @ 7.0% cap · market cap 9.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Borland & Borland Attorneys ... Law Firm WTS Energy Business Service Center Borland & Borland PC: ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Law Firm Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0747837
    Latitude
    31.9991483

    FAQs

    What type of property is this?
    Office building - Two-story masonry office building with adjacent public parking and flexible fit for professional services and law firms.
    Where is this office building located?
    The property is located at 213 N Main St Midland, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 8,386 SF, two‑story masonry office building built in 1949; Located on N Main St with sidewalks and paved/concrete city road access; CB zoning
    More about this property
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