Property summary
This exceptional 10-story, 108,000-square-foot commercial building in downtown Midland, Texas, offers a diverse range of spaces ideal for various businesses. Located at 401 W Texas Ave, Midland, TX 79701, this multi-tenant property boasts a minimum divisible space of 222 square feet and a maximum contiguous space of 12,800 square feet, with 87,238 square feet currently vacant. The building features two elevators, three-phase power, and is situated on a 0.67-acre lot. It's zoned for… commercial use and benefits from Midland County's robust economy. The property includes updated tenant spaces and a newly installed fire suppression and sprinkler system, meeting current building codes for a variety of uses, including entertainment venues. Its prime location offers stunning views of the Bush Convention Center and Centennial Towers, and is just three minutes from the Museum of the Southwest. The building's former use as the Community National Bank headquarters provides existing banking infrastructure, including counters and safe deposit boxes. This adaptable space caters to a wide range of tenants, from traditional office users to restaurants and breweries. Midland's thriving economy, with a low unemployment rate and high average household income ($112,701), makes this a highly attractive investment opportunity. The city's projected 10% population growth in the next five years further underscores its potential. Midland's strategic location within Texas' diverse economy, coupled with competitive utility rates, creates a lucrative business environment. The city's prominence in the oil and gas industry, along with growth in aerospace, agriculture, healthcare, and transportation, ensures a strong and diverse tenant base. This property presents a unique opportunity to establish a presence in one of the fastest-growing cities in the United States.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
