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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4000 Big Spring St Midland, TX 79705

    • Commercial real estate
    • 98,000 SF
    • 4.50 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-4193883
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Foundation Minerals, LLC / Corporate Office
    • Dunaway / Civil Engineering Company
    • Priority Power / Consultant / Engineering Consultant
    • Cooper Construction Co. Inc. / Construction Company / Contractor
    • Lawrence Prucka & Co / Tax Preparation Service

    Property Details for 4000 Big Spring St

    Lot size
    4.50 lot acres
    Property size
    98,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional Class A, five-story executive office building, located in North Midland, offers a prime opportunity for businesses seeking prestigious and efficient workspace. The building boasts a total of 98,000 square feet, with a minimum divisible space of 4,551 square feet and a maximum contiguous space of 6,432 square feet. Currently, 10,000 square feet of space is available for lease across multiple suites within this two-suite building. The property sits on a generous 4.5 acres of land and underwent a complete renovation in 2018, ensuring modern amenities and a high-quality environment. Convenient access is provided by two elevators, and ample parking is available, including both open and covered spaces. The building's strategic location, with convenient access to Corporate Drive, makes it an ideal choice for businesses seeking easy commutes and high visibility. The property is zoned for office use, reflecting its suitability for a variety of professional enterprises. This is a rare opportunity to secure premium office space in a highly sought-after location. Contact us today to learn more about lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.0842921
    Latitude
    32.0377318

    Comparable in this City

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      Midland, TX Office Suites Available
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    • $30 SF/Yr
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      Unique Office Space in Midland

      Plug-and-play office space in the Claydesta area.
      15 Smith Rd, Midland, TX 79705
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      Pagosa Shopping Center: Midland, TX

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      35,754 SF

      Midland Retail Center Opportunity

      Prime Midland location, multiple suites available
      3303 Midkiff Rd, Midland, TX 79705
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    • $28 SF/Yr
      1,250 SF

      New Retail Space Available

      New retail shopping center in a growing residential area.
      6409 N Big Spring St, Midland, TX 79705
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    Similar Nearby for Sale

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      Renovated Versatile Commercial Building

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      96,711 SF

      Midland, TX Executive Office Building

      Class A Office, 96,711 SF, 14.71 Acres
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    • $4,312,440
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      Midland, TX Commercial Land Opportunity

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      Midland Commercial Land - 7.44 Acres

      Prime Midland, TX commercial land, ideal retail development.
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    Similar Nearby for Lease

    • $30 SF/Yr
      1,395 SF

      Unique Office Space in Midland

      Plug-and-play office space in the Claydesta area.
      15 Smith Rd, Midland, TX 79705
      View Details
    • $13 SF/Yr
      107,422 SF

      Colonnade at Polo Park Offices

      Midland, TX Office Suites Available
      4610 Garfield St, Midland, TX 79705
      View Details
    • $30 SF/Yr
      4,500 SF

      Pagosa Shopping Center: Midland, TX

      Retail/Office Space Available in Growing Area
      6900 Tx-349, Midland, TX 79705
      View Details
    • $21 SF/Yr
      21,000 SF

      Modern Office Building For Rent

      Well-maintained office building with modern amenities and parking available.
      3510 N A St, Midland, TX 79705
      View Details
    • Contact for pricing
      35,754 SF

      Midland Retail Center Opportunity

      Prime Midland location, multiple suites available
      3303 Midkiff Rd, Midland, TX 79705
      View Details
    • $28 SF/Yr
      1,250 SF

      New Retail Space Available

      New retail shopping center in a growing residential area.
      6409 N Big Spring St, Midland, TX 79705
      View Details
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    4000 Big Spring St
    Midland, TX 79705
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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