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Downtown Office Building For Sale 808 W Indiana Ave 12,560 SF Office Building Midland, TX 79701 $2,932,340 ($233.47/SF) 7.28% Cap Rate
Investment Highlights
- Stabilized, Fully Leased Single-Tenant Investment
- Long-Term 10-Year Lease | 6.75% CAP Rate
- 12,560 SF Two-Story Standalone Office Building
Executive Summary
This exceptional 12,560 SF, two-story standalone office building presents a rare opportunity to acquire a fully leased, single-tenant investment in the heart of Downtown Midland. Secured by a long-term 10-year lease, the property provides stable, predictable cash flow and underwent an extensive renovation in 2025, including new flooring, lighting, HVAC systems, network cabling, appliances, exterior pavement, and a new elevator. The executive-level office layout features multiple private offices, spacious conference rooms, and high-end marble and wood finishes throughout, creating a professional and functional workspace. With 20 on-site parking spaces, modern building systems, and a prime downtown location, this turnkey asset offers investors a low-maintenance opportunity with strong longterm value.
808 West Indiana Avenue is located in Midland’s West End neighborhood, just steps from Downtown Midland. The surrounding area features a balanced mix of office buildings, residential and locally owned businesses, including healthcare facilities, retail shops, and dining options, creating a vibrant, community-oriented environment. The property benefits from close proximity to major arterial roadways such as West Wall Street, Big Spring Street, and Industrial Avenue, providing efficient access throughout Midland and the greater market.
808 West Indiana Avenue is located in Midland’s West End neighborhood, just steps from Downtown Midland. The surrounding area features a balanced mix of office buildings, residential and locally owned businesses, including healthcare facilities, retail shops, and dining options, creating a vibrant, community-oriented environment. The property benefits from close proximity to major arterial roadways such as West Wall Street, Big Spring Street, and Industrial Avenue, providing efficient access throughout Midland and the greater market.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
12,560 SF
Building Class
B
Year Built
1978
Price
$2,932,340
Price Per SF
$233.47
Cap Rate
7.28%
NOI
$213,520
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,280 SF
Building FAR
0.55
Lot Size
0.52 AC
Zoning
CB - Commercial
Parking
20 Spaces (1.59 Spaces per 1,000 SF Leased)
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Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R000051-904 | Improvements Assessment | $910,810 |
| Land Assessment | $89,660 | Total Assessment | $1,000,470 |
Property Taxes
Parcel Number
R000051-904
Land Assessment
$89,660
Improvements Assessment
$910,810
Total Assessment
$1,000,470
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Downtown Office Building For Sale | 808 W Indiana Ave
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