Midland Retail-Industrial Opportunity

3205 W Wall St, Midland, TX

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For Sale

Contact for pricing

Prime location near Downtown Midland with highway access.

Type:RETAIL

Property size:

38,164 SF

Lot size:

1.15 Acres

Price / SF:

$144/SF

HighLights

38,164 SF under roof on 5.38 Acres offers significant space and potential.
Prime Retail‑Industrial location near Downtown Midland with easy highway access.
Current tenant lease expires January 31, 2027, providing opportunity for new lease or use.
Existing tenant pays $30,000/month, NNN.
High traffic count of +/- 14,841 Average Daily Traffic.
Zoning RR & C allows for diverse uses including Auto Sales, Restaurant, and more.

We can help!

Listing Contact

Wes Gotcher

For Sale

Contact for pricing

Prime location near Downtown Midland with highway access.

Type:RETAIL

Property size:

38,164 SF

Lot size:

1.15 Acres

Price / SF:

$144/SF

Added:: Sep 5, 2024
Days on Market:: 643
Last Refresh:: May 20 at 9:20 pm

Property Features for 3205 W Wall St

General Information

Standard status: Active
Size: 38,164 SF
Lot size: 1.15 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Wes Gotcher

Listing agent Wes Gotcher License #723150

Listing office Moriah Brokerage Services

Listing date Sep 5, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Moriah Brokerage Services

HighLights

38,164 SF under roof on 5.38 Acres offers significant space and potential.
Prime Retail‑Industrial location near Downtown Midland with easy highway access.
Current tenant lease expires January 31, 2027, providing opportunity for new lease or use.
Existing tenant pays $30,000/month, NNN.
High traffic count of +/- 14,841 Average Daily Traffic.
Zoning RR & C allows for diverse uses including Auto Sales, Restaurant, and more.

Overview

This property features 38,164 square feet under roof on 5.38 acres, comprising four buildings that offer a unique opportunity to divide the property for separate leasing. The current tenant, Sewell Automotive, has indicated they will not be renewing their lease, which expires on January 31, 2027, and will be relocating. The tenant currently pays $30,000.00 per month, NNN. This prime retail-industrial opportunity is located near Downtown Midland on Wall Street, providing quick and easy highway access. The property benefits from a traffic count of approximately 14,841 vehicles daily, according to TxDOT's 2022 Annual Average Daily Traffic report. The property's current use is for auto sales and services. Located within city limits, the property benefits from city utilities (water and sewer) and police and fire protection, and it is situated outside of a flood-prone area. The zoning is RR & C, with permitted uses including auto sales, boat sales, restaurants, car washes, bowling alleys, and medical or dental laboratories. The property has approximately 620 feet of frontage on W. Wall Street.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$572.5k	$15.00
− Vacancy	−$40.1k	−$1.05
EGI	$532.4k	$13.95
− OpEx	−$159.7k	−$4.19
NOI	$372.7k	$9.76

38,164 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$5.32M

$4.66M – $6.21M (±1% cap)

NOI $372,671 @ 7.0% cap · market cap 6.74%

Second Best

Industrial

$4.89M

$4.28M – $5.71M (±1% cap)

NOI $342,329 @ 7.0% cap · market cap 6.19%

Theoretical Best

Office A

$9.00M

$7.88M – $10.50M (±1% cap)

NOI $630,164 @ 7.0% cap · market cap 11.40%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Sewell Buick GMC ... Car Dealership Sewell Cadillac Service ... Auto Repair Shop Sewell Cadillac of Midland Car Dealership EV Connect Charging ... Electric Vehicle Charging Station

Suggested Use

Similar Places Nearby

Front Street Collision Center — 1608 w front st, midland, tx 79701
Peter's Paint & Body Works — 1606 W Front St, Midland, TX 79701
Saenz Customs, Autobody & Detail — 1608 W Front St, Midland, TX 79701
Littlefield Automotive — 1810 W Front St #6980, Midland, TX 79701
Loop 250 Collision Express — 1608 W Front St, Midland, TX 79701

Location Insight

Map
Local Demand

City: Midland
County: Midland
State: Texas
Longitude: -102.108
Latitude: 31.9839

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For sale
Auto shops
TX
Midland
3205 W Wall St

What type of property is this?

Auto shop - Prime location near Downtown Midland with highway access.

Where is this auto shop located?

The property is located at 3205 W Wall St Midland, TX.

What is the asking price?

The asking price for this property is $5,530,000.

What are key features of this property?

This property features: 38,164 SF under roof on 5.38 Acres offers significant space and potential.; Prime Retail‑Industrial location near Downtown Midland with easy highway access.; Current tenant lease expires January 31, 2027, providing opportunity for new lease or use.

3205 W Wall St, Midland, TX

Prime location near Downtown Midland with highway access.

Property Features for 3205 W Wall St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Highly Visible Midland Office Building

Spacious Midland Flex/Industrial Property

Midland Commercial Property on 2.85 Acres

Midland Commercial Property on Corner

Multi-Building Industrial Flex Complex

Midland Industrial Asset on Acreage

Iconic Building in High-Traffic Area

Retail Site in Growing Corridor

New Construction Retail and Office

Premium Office and Warehouse Space

Freestanding Retail Building on Wadley

Versatile Building Near Downtown Midland

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