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Property profile & analytics
OFF-MARKET
Office Units

201 Washington Ave Midland, TX 79701

13,600 SF 0.48 ac lot Built 1941
Individually Owned 1-yr Hold
Property ID
US83-3826089
Property summary
AI-generated overview

This exceptional 13,600 square foot creative office building presents a unique opportunity in Midland, Texas. Built in 1941 and situated on a 0.48-acre lot, the property boasts a versatile layout ideal for a variety of businesses. The office space includes numerous spacious individual offices, multiple workrooms, a conference room, a kitchenette, restrooms, and substantial storage. An attached warehouse adds significant functionality, featuring three overhead doors, one sliding garage door, and two separate restrooms for warehouse personnel. Convenient loading and unloading is facilitated by multiple access points. The property benefits from a new HVAC system and offers paved and covered parking. Its prime location is just two blocks from Big Spring Street and south of Front Street, offering quick and easy access to major thoroughfares. The building's proximity to downtown Midland and its strategic placement directly behind the Midland County Jail provide excellent visibility and accessibility. This property is perfect for businesses requiring both office and warehouse space in a single, well-maintained location. The asking price is $800,000.

Property profile
Verified
Property type Office Units
Year built 1941
Total area 13,600 SF
Lot 0.48 ac (20,996 SF)
UPID US83-3826089
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
  • External Systems USA Inc. Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Gary Gool · 1 yrs held
Gary Gool
since 2025
2 recorded transactions
2025
Price N/A
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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