Summit Commons$39.95 – $48.63/SF/yr NNN
1319 Loop 250
144,900 SF retail building at 1319 Loop 250, Midland, TX 79701. For Lease through the owner.
For LeaseStatus
$43.37/SFAsking rent
2017Year built
BClass
Property facts
| Property type | Retail |
|---|---|
| Building class | B |
| Rentable area | 144,900 SF |
| Stories | 12 |
| Year built | 2017 |
| Typical floor | 12,075 SF |
| Lot size | 0.82 acres |
| Parking ratio | 0.7/1,000 SF |
| Occupancy | 100.0% |
| Zoning | IL |
| Parcel ID | 78-111-7462 |
| Submarket | Midland |
| Market | Midland-Odessa |
| Walk Score | 30 |
| Transit | Amtrak 6 min |
| Listing package | Basic |
Building amenities
Signage, Banking, 24 Hour Access, EV Charging, Energy Star, Fitness Center
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Longhorn Data Systems | Insurance | 9 | 23,300 | 2029-11-01 |
| Redline Robotics | Retail | 8 | 30,540 | 2023-03-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2020-06-17 | $7.96M | $54.96 | 7.95% | Permian Basin Properties | Yellowstone Property Fund |
| 2019-01-14 | $28.24M | $194.90 | 7.23% | Everline Real Estate | Ironwood Capital Partners |
Public record
| Owner of record | Vantage Point Capital |
|---|---|
| Assessed value | $41.8M |
| Land value | $11.99M |
| Improvement value | $29.81M |
| Annual tax | $566K |
| Tax year | 2026 |
| Lot size | 35,719 SF |
| Last deed | 2017-02-17 |
| Deed type | Bargain and Sale Deed |
| Legal description | LOT 6 BLK 564 MIDLAND ADDN |
Location
1319 Loop 250
Midland, TX 79701
Midland submarket · Midland-Odessa market
32.02536, -101.95161
Open in RealStarListing package
Basic — Standard placement below paid listings.
Free listing on RealStarGlobal.com with core building facts, six photos and direct broker contact.
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Property-level inventory shown here is RealStarGlobal sample data generated for product demonstration; live market activity, deal flow and news are sourced from the Acquirepad CRE intelligence feed and the public registries listed in the data sourcing plan.