1501 N Fairgrounds Rd, Midland, TX 79706 Property Records

Midland County property record for 1501 N Fairgrounds Rd, Midland, TX 79706

Property Summary

Property Type	Commercial Office
Details	12,000 sqft · built 1978
Lot Size	2.63 acres (114,781 sqft)
Owner	Company Name on File
Last Sale	$800,000 (Sep 2012)
Tax Bill	$19,685 (2025)
Deeds & Mortgages	Nov 2025 Mortgage Jun 2021 Mortgage + 1 more
APN	`R000017227`

Property Details

APN / Parcel Number

Primary APN	`R000017227`
Alternative APNs	`00032000.089.0010` `320000890010`

Interior

Stories	1 Story
Building Area	12,000 sqft Total Area
Office	2,376 sqft

Exterior

Year Built	Built 1978
Effective Year Built	Effective 1978
Lot Area	114,781 sqft (2.63 acres)
Canopy	4,200 sqft
Total Buildings	5 Buildings

Location & Zoning

Street Address	1501 N FAIRGROUNDS RD
City	MIDLAND
State	TX
Zip	79706-4306
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Local Zoning Code	C3
Legal Description	ACRES: 2.635 SUBD: EAST MIDLAND BLK: 089 LOT: 001 ADDN: EAST MIDLAND SEC 2
Legal Subdivision	EAST MIDLAND
Legal Block	89
Legal Lot Number	1
Jurisdiction	MIDLAND TX
Township / Civil Division	MIDLAND
Census Block Group	4
Census Block	4000
Census Tract	1700

Owner

1501 N Fairgrounds Rd, a commercial property, is owned by a company that bought it in September 2012.

Source: Midland County records, as of October 19, 2026

Owner of Record	Company Name on File
Mailing Address	PO BOX 3394, MIDLAND, TX 79702-3394
Owner Type	Company
Vesting	Company

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Nov 17, 2025	Deed of Trust, Mortgage · Commercial Mortgage SOUTHWEST BANK
Jun 25, 2021	Deed of Trust, Mortgage · Commercial Mortgage SOUTHWEST BANK
Jul 12, 2019	Deed of Trust, Mortgage WEST TX ST BK/ODESSA TX

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Sep 18, 2012 · Amount on File
Deed Sale	Sep 18, 2012 · Amount on File
Prior Sale	Dec 7, 2007 · Amount on File
Deed Document Number	201220344
Prior Transfer Date	Dec 4, 2007
Prior Transfer Doc	0000008402
Record Updated	Oct 29, 2026

November 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MIDLAND TX
Property Address	1501 N FAIRGROUNDS RD, MIDLAND, TX 79706-4306
Transaction Type	Mortgage
Record Updated	Dec 15, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1501 N FAIRGROUNDS RD, MIDLAND, TX 79706-4306

Mortgage

Document Number	0000009786
Date	Nov 17, 2025
Instrument	2025-29786

Lender

Name	SOUTHWEST BANK
Type	Bank
Address	MIDLAND, TX 79701

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	24 Months
Due	Nov 10, 2027

Interest

Rate Type	Adjustable Rate

June 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MIDLAND TX
Property Address	1501 N FAIRGROUNDS RD, MIDLAND, TX 79706-4306
Transaction Type	Mortgage
Record Updated	Oct 28, 2025
Title Company	WEST TX ABSTRACT, WEST TEXAS ABSTRACT

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	PO BOX 3394, MIDLAND, TX 79702-3394
Investor	Possibly a Property Investor

Mortgage

Document Number	0000009667
Date	Jun 25, 2021
Instrument	2021-19667

Lender

Name	SOUTHWEST BANK
Type	Bank
Address	MIDLAND, TX 79702

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	240 Months
Due	Jun 23, 2041

Interest

Rate Type	Adjustable Rate

July 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MIDLAND TX
Property Address	1501 N FAIRGROUNDS RD, MIDLAND, TX 79706-4306
Document Number	0000021548
Instrument Date	Jul 12, 2019
Transaction Type	Mortgage
Record Updated	Aug 21, 2019
Title Company	WEST TX ABSTRACT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	910 HARVARD AVE MIDLAND TX 797014155, MIDLAND, TX 79701-4155

Mortgage

Document Number	0000021548
Date	Jul 18, 2019
Instrument	21548

Lender

Name	WEST TX ST BK/ODESSA TX
Type	Bank
Address	1501 W UNIVERSITY BLVD, ODESSA, TX 79764-7133

Agreement

Amount	Amount on Record
Term	120 Months
Due	Jul 17, 2029

Tax Assessment & Valuation

The 2025 property tax bill for 1501 N Fairgrounds Rd was $19,685, down 1.8% from the year before.

Source: Midland County assessment roll, as of October 19, 2026

Property Jurisdictions

Type	Name
State	Texas
County	Midland County
Municipality	Midland City
Unified School District	Midland Independent School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$1,163,360 (-13.33%) Land $229,600 Building $933,760	$1,163,360 (-13.33%) Land $229,600 Building $933,760
2025	$19,685.00 (-1.75%)	$1,342,237 Land $229,600 Building $1,112,637	$1,342,237 Land $229,600 Building $1,112,637
2024	$20,036.00 (+8.92%)
2023	$18,395.00	$1,227,480 Land $143,500 Building $1,083,980	$1,227,480 Land $143,500 Building $1,083,980

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA has no flood map on file for 1501 N Fairgrounds Rd.

Source: FEMA National Flood Hazard Layer

FEMA Flood Zone	Not on file

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Wildfire risk around 1501 N Fairgrounds Rd is moderate, ranking above 46% of the US, with a 0.1% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Moderate above 46% of the US · lower than 80% of Texas
Wildfire Likelihood	0.1% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF MIDLAND WATER PURIFICATION PLANT serves 157,000 people · EPA ID TX1650001
Water Source	Surface water
Last State Inspection	Mar 2025
Lead	3 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	Turbidity resolved · Feb 2026 Arsenic resolved · Oct 2023
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 297 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Astound Broadband Cable · Fiber in parts of the area	1,500 / 50
BSX Broadband Fixed Wireless	1,000 / 1,000
Optimum Cable	940 / 35
Rural Telecommunications of America Fixed Wireless	300 / 150
Nextlink Fixed Wireless	100 / 20

May also be available: AT&T, T-Mobile, Verizon.

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