1602 Tarleton St, Midland, TX 79707

FOR SALE: CLASS A OFFICE INVESTMENT – BUILT 2023

1602 Tarleton St, Midland, TX 79703

Offered at: $1,600,000 | Net Income: $124,383/year | Cap Rate: ±7.77%

Property Description

1602 Tarleton is a newly constructed (2023) Class A office duplex located in a professional garden office park just off Midkiff Road and Andrews Highway—one of Midland’s most prominent commercial intersections. The property features modern architecture, high-end interior finishes, and a functional layout ideal for professional tenants.

The building is fully leased to two quality tenants, each with approximately three years remaining on their current leases. With net operating income of $124,383 annually and a cap rate of ±7.77%, this asset offers investors a turnkey, income-producing opportunity in a high-demand market.

Perfect for passive investors or 1031 exchange buyers, this property requires minimal management and benefits from excellent access, visibility, and a surrounding mix of medical, legal, and professional service users.

Highlights

• New Construction (2023) — No deferred maintenance

• Fully Leased — Two stable tenants

• Net Operating Income: $124,383/year

• Cap Rate: ~7.77%

• Prime Midland Location — Just off Midkiff & Andrews Hwy

• Ample Surface Parking in a quiet garden office setting

Location Benefits

• High-traffic area near major roads and commercial hubs

• Strong surrounding tenant mix in medical, legal, and professional sectors

• Convenient to Loop 250 and downtown Midland