Downtown Midland Office Building For
213 N Main St Midland, TX 79701
213 N Main St, Midland, TX, 79701
$1,400,000
For Sale
$1,400,000
SINGLE_FAMILY - Midland, TX
Property Size8,386 SF
Lot Size0.16 Acres
Price / SF$166.94
Days on Market65
Property Features for 213 N Main St
General Information
- Property type
- Residential
- Property subtype
- Office
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- R000035184
- Size
- 8,386 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 318
Building Details
- Year built
- 1949
- Floors in Building
- 2
- Building materials
- Brick, Glass
- Roof type
- Metal, Built-Up, Flat
Listing agency
Heritage Real Estate
(432) 701-0550
Listed by
Regginald Moore
(432) 246-7324
Added: May 18 Updated: Jul 11 at 8:33AM Checked: Jul 21 at 2:06PM
MLS# 174827
Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This iconic two-story office building is located on N Main St in downtown Midland, TX. Constructed in 1949, the masonry building offers 8,386 square feet of space. The property is zoned CB, benefiting from a prime location and high foot traffic. Situated in a downtown revival district, the location is suitable for law firms, professional services, and boutique office users. Adjacent public parking is available. The lot size is 0.161 acres.
Key Highlights
- 8,386 SF, two‑story downtown office building on N Main St built in 1949
- CB zoning
- Brick and glass construction with flat, metal, built‑up roof
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
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
Property Profile
Location Intelligence
Current Use by Public Records
Borland & Borland Attorneys ...
Law Firm
WTS Energy
Business Service Center
Borland & Borland PC: ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story, 8,386 SF office building in downtown Midland, TX.
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 downtown office building on N Main St built in 1949; CB zoning; Brick and glass construction with flat, metal, built‑up roof
