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Property profile & analytics
OFF-MARKET
Office Spaces

550 Texas Ave Midland, TX 79701

421,546 SF Built 1974
Property ID
Property summary
AI-generated overview

One Fasken Center offers a rare subleasing opportunity in the heart of downtown Midland, Texas. This Class A office space, located in Tower Two at 550 W Texas Ave, zip code 79701, provides immediate access to key amenities and businesses. The building, constructed in 1974, boasts a total of 421,546 square feet and offers multiple tenancy options. Currently, there are two available suites ranging from a minimum of 1,853 square feet to a maximum contiguous space of 4,086 square feet, totaling 5,939 square feet of vacant space. The location is exceptionally convenient, situated just north of Wall Street, a major east-west thoroughfare. Within walking distance, tenants will find Centennial Park, the Bush Convention Center, diverse dining establishments, and the Midland County Library. This prime location in Midland County offers an unparalleled opportunity for businesses seeking a sophisticated and accessible corporate home. The building's executive office spaces are designed to impress, providing a professional environment to enhance any business's image. This is a unique chance to secure a highly desirable space in a thriving downtown area. The available space is ideal for businesses seeking a modern and well-located office in a prestigious building.

Property profile
Verified
Property type Office Spaces
Year built 1974
Total area 421,546 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Firewood Midland Texas Big Box & Wholesale Store
  • Regions Energy LLC/Regions Permian, LLC Oilfield
  • Trenton Green Financial Advisor
  • Tiffany Floyd - RBC Wealth Management Financial Advisor Financial Advisor
  • Kevin Blonkvist - RBC Wealth Management Branch Director Financial Advisor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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