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    1501 N Fairgrounds Rd Midland, TX 79706

    For Sale
    $4,100,000

    Office Building - Midland, TX

    Property size:
    20,894 SF
    Lot size:
    3.83 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 8 at 5:06 pm

    Property Features for 1501 N Fairgrounds Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Paved or Surfaced
    Size
    20,894 SF
    Lot size
    3.83 Acres

    Building Details

    Year built
    1978
    Floors in Building
    1
    Architectural style
    Other

    Justin Dodd (214) 534-7976

    Listing agent Amy Brasher Barnett (432) 432-7976

    Listing date Sep 26, 2025

    MLS# 50085610 Listing URL

    Copyright © 2025 Permian Basin 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.

    Overview

    Midland Office, Shop, Tote Facility

    This property features a 20,894 square foot executive office, shop, and tote facility situated on 3.83 acres. The main building, totaling 15,194 square feet, includes 13,754 square feet of office space and 1,440 square feet of shop space, and was fully remodeled in 2015. The office area comprises a reception area, an executive suite with a private shower, 22 offices, an open cubicle area, multiple restrooms, two conference rooms, a parts office, crew space, men's and women's locker rooms, and storage space equipped with an 8-foot garage door. Additionally, there is a 5,700 square foot tote facility located behind the main building, which also provides an outdoor work area. This property is located in Midland, Texas, and is versatile for professional, storage, or specialized use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Endura Products Corp Chemical Plant Andrew Bartlett Group ... Contractor Dayley Landscape Center Landscaper

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0543394
    Latitude
    32.0194755

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    FAQs

    What type of property is this?
    Office building - 20,894 SF office, shop, and tote facility on 3.83 acres.
    Where is this office building located?
    The property is located at 1501 N Fairgrounds Rd Midland, TX.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: - 20,894 SF facility on 3.83 acres suitable for office, shop, and storage.; - Main building **fully remodeled in 2015**.; - Includes **13,754 SF of office space** with executive suite, 22 offices, and conference rooms.
    (432) 432-7976
    Request Owner's contact information
    1501 N Fairgrounds Rd Midland, TX 79706
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    Midland, TX 79706
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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

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    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
    1501 N Fairgrounds Rd Midland, TX 79706
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