Two-Story Masonry Office
213 N Main St Midland, TX 79701
New
For Sale
$1,400,000
Two-story masonry office building built in 1949 with 8,386 SF under CB zoning.
Property Size8,386 SF
Price / SF$166.94
Days on Market4
Property Features for 213 N Main St
General Information
- Standard status
- Active
- Size
- 8,386 SF
Building Details
- Year Built
- 1949
Listing Agency:
Heritage Real Estate
(432) 246-7324
Listed By:
Regginald Moore
Source:
Billlanier
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 5:18AM
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
Investment Insights
Based on property information with market context.
This two-story masonry office building was built in 1949 and totals 8,386 SF. The property is suitable for professional office use and is positioned as a downtown office asset within CB zoning.
Located on N Main St in downtown Midland, the building benefits from adjacent public parking. The offering is described as being in a downtown revival district with high foot traffic.
The building’s configuration and size support established office operations, including law firm and professional services users, based on the provided remarks.
Located on N Main St in downtown Midland, the building benefits from adjacent public parking. The offering is described as being in a downtown revival district with high foot traffic.
The building’s configuration and size support established office operations, including law firm and professional services users, based on the provided remarks.
Key Highlights
- Two‑story masonry office building built in 1949
- 8,386 SF office building in downtown on N Main St
- CB zoning
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
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
NOI $138,470 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Borland & Borland Attorneys ...
Law Firm
WTS Energy
Business Service Center
Borland & Borland PC: ...
Law Firm
FAQs
What type of property is this?
Office building - Two-story masonry office building built in 1949 with 8,386 SF under CB zoning.
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: Two‑story masonry office building built in 1949; 8,386 SF office building in downtown on N Main St; CB zoning
