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    1410 Rankin Hwy Midland, TX 79701

    For Lease
    $25 SF/Yr ($11,286 /Mo)

    Midland, TX Office Suites Available

    Lot size:
    5,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5,400 square foot office building, located at 1410 Rankin Hwy in Midland, Texas, presents a unique investment opportunity. Recently renovated in 2024, this single-story, Class C building sits on a 0.337-acre lot (14,700 sq ft) and offers three available suites ranging from 160 to 865 contiguous square feet. The property boasts 15 total parking spaces, including covered parking, and benefits from high visibility due to its Rankin Highway frontage. The flexible space is suitable for various uses, including traditional office, medical office, coworking, and creative office settings. Each suite is divisible into smaller individual offices, providing adaptability for diverse tenant needs. Shared amenities include a convenient breakroom/kitchen, two sets of hall bathrooms, and a furnished lobby. The property's zoning is Regional Retail. The building's annual property taxes are $0.80 per square foot. Landlord pays for water, sewer, electricity, gas, common area maintenance, and janitorial services. Tenants are responsible for their own suite's janitorial upkeep. A preferred lease term is 3-5 years with a 3% annual cost of living increase. One suite is already leased and occupied. The APN is R000057950.

    Property Features for 1410 Rankin Hwy

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,400 SF
    Class
    C
    Total Rate
    11286

    Building Details

    Year Built/Renovated
    1981/2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 2
    Size
    389 SF
    Rate per SF
    $25
    Space
    Suite 3
    Size
    525 SF
    Rate per SF
    $25
    Space
    Suite 4
    Size
    865 SF
    Rate per SF
    $25

    HighLights

    • Ample covered parking available.
    • Multiple suites for lease, various sizes.
    • Individual office suites available for lease.
    • Shared amenities include a break room and furnished lobby.
    • Recently renovated.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Accolade Home Care Home Health Care Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.07732734408
    Latitude
    31.982916448043

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    FAQs

    What type of property is this?
    Office space - Midland, TX Office Suites Available
    Where is this office space located?
    The property is located at 1410 Rankin Hwy Midland, TX.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Ample covered parking available.; Multiple suites for lease, various sizes.; Individual office suites available for lease.
    Request Owner's contact information
    1410 Rankin Hwy Midland, TX 79701
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    Midland, TX 79701
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    1410 Rankin Hwy Midland, TX 79701
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