201 Washington Ave Midland, TX 79701
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.
-
External Systems USA Inc. Tech Support Center (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.