Midland Office Building For
404 Veterans Airpark Ln Midland, TX 79705
404 Veterans Airpark Ln, Midland, TX, 79705
Contact for pricing
For Sale
Contact for pricing
42,165 SF office building in Midland, TX for sale.
Property Size42,165 SF
Lot Size3.06 Acres
Price / SF$225.31
Days on Market156
Property Features for 404 Veterans Airpark Ln
General Information
- Standard status
- Active
- Size
- 42,165 SF
- Lot size
- 3.06 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2019
Listing Agency
Moriah Real Estate Company, LLC
(432) 682-2510
Listed by
Jack Oduro · License #799220
Source
Crexi
Added: Feb 11 Checked: Jul 15 at 2:15 pm
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 Moriah Real Estate Company, LLC
Investment Insights
Based on property information with market context.
This 42,165-square-foot office building in Midland, TX, presents an exceptional commercial investment opportunity. The property is strategically located within a commercially zoned area, offering strong potential for investors. The building's generous square footage and flexible floor plans make it ideally suited for a variety of office configurations. Positioned in the heart of Midland, it provides outstanding visibility and convenient access, making it an attractive location for businesses. Its substantial size and prime zoning create opportunities for a wide range of commercial uses. The property is located near N Big Spring St on Veterans Airpark Ln and sits just north of the Claydesta Plaza Business Park within a mile of Loop 250. The property is a stand-alone building on 3.06 acres. Surrounding businesses include ExxonMobil and Apache Corporation.
Key Highlights
- Expansive 42,165 sq ft office building.
- Prime location in the heart of Midland, TX.
- Strategically located within a commercially zoned area.
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 | $809.6k | $19.20 |
| − Vacancy | −$129.5k | −$3.07 |
| EGI | $680.0k | $16.13 |
| − OpEx | −$170.0k | −$4.03 |
| NOI | $510.0k | $12.10 |
42,165 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.29M
$6.38M – $8.50M
NOI $510,028 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.95M
$8.70M – $11.60M
NOI $696,228 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Natural Gas Services ...
Oilfield
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 42,165 SF office building in Midland, TX for sale.
Where is this office building located?
The property is located at 404 Veterans Airpark Ln Midland, TX.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Expansive 42,165 sq ft office building.; Prime location in the heart of Midland, TX.; Strategically located within a commercially zoned area.
