Former Dealership on 5
3705 W Wall St Midland, TX 79701
COMMERCIAL - Midland, TX
Property size:
39,467 SFLot size:
5.00 AcresPrice / SF:
$190/SF- Added:
- Mar 10, 2026
- Days on Market:
- 123
- Last Refresh:
- Jul 10 at 4:06 pm
Property Features for 3705 W Wall St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 39,467 SF
- Lot size
- 5.00 Acres
Taxes and HOA fees
- Tax Description
- Legal: Acres: 4.981, SEC: 32, BLK: 39-T1S
- Tax Annual Amount
- 43888
Building Details
- Year built
- 2002
Listing agent Amy Brasher Barnett License #TX 514276 (432) 352-6714
Listing office NRG Realty Group, LLC 6191 St Hwy 161 430, TX (432) 432-7976
Listing date Mar 10, 2026
MLS# 50093435
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 39,467 square foot commercial property is located in Midland, TX, and occupies 5.003 acres. The property was formerly a Honda dealership and is suitable for automotive, fleet, equipment, or industrial users. The building is designed to accommodate showroom, office, service, and warehouse operations. The front area features a service check-in, waiting area, five offices, a bullpen, an IT room, an executive office with a private restroom, an additional restroom, and a kitchenette. The service area includes a 40-foot by 120-foot shop/storage area and an 80-foot by 170-foot warehouse with a 17-foot clear height, heaters, a MacroAir fan, and twelve Rotary lifts. There are also three 12-foot by 12-foot overhead doors. Additional features include a 60-foot by 50-foot 6-bay garage, a 32-foot by 60-foot paint booth shop, a 5-bay garage, and a paved yard. The property benefits from its location along W Wall St, which has a traffic count of 21,542 vehicles per day, and offers strong frontage, visibility, and access.
Key Highlights
- 39,467 SF former Honda dealership on 5.003 acres, ideal for automotive, fleet, equipment, or industrial purposes.
- High traffic location on W Wall St with 21,542 VPD offering strong frontage, visibility, and easy access.
- Extensive service area featuring a 40'x120' shop/storage area plus an 80'x170' warehouse with 17' clear height, heaters, and MacroAir fan.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $757.8k | $19.20 |
| − Vacancy | −$121.2k | −$3.07 |
| EGI | $636.5k | $16.13 |
| − OpEx | −$159.1k | −$4.03 |
| NOI | $477.4k | $12.10 |
39,467 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.82M
$5.97M – $7.96M
NOI $477,393 @ 7.0% cap · market cap 6.37%
Second Best
Warehouse
$6.14M
$5.37M – $7.16M
NOI $429,877 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$9.31M
$8.15M – $10.86M
NOI $651,679 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
GraphX & Wraps LLC
Marketing & Advertising
Classic Honda of Midland
Car Dealership
Honda Parts Center
Auto Parts Store
Honda Service Center
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Hertz Truck Rental - Midland Box Truck — 2200 W Wall St, Midland, TX 79701
- Norwood Insurance — 303 W Wall St # 2202, Midland, TX 79701
- Enterprise Rent-A-Car — 2616 W Wall St, Midland, TX 79701
- U-Haul Neighborhood Dealer — 501 W Front St, Midland, TX 79701
- Hertz Car Rental - Midland HLE — 2200 W Wall St, Midland, TX 79701
FAQs
What type of property is this?
Automotive property - 39,467 SF facility suitable for automotive, fleet, or industrial uses.
Where is this automotive property located?
The property is located at 3705 W Wall St Midland, TX.
What is the asking price?
The asking price for this property is $7,498,730.
What are key features of this property?
This property features: 39,467 SF former Honda dealership on 5.003 acres, ideal for automotive, fleet, equipment, or industrial purposes.; High traffic location on W Wall St with 21,542 VPD offering strong frontage, visibility, and easy access.; Extensive service area featuring a 40'x120' shop/storage area plus an 80'x170' warehouse with 17' clear height, heaters, and MacroAir fan.
