Automotive Dealership with Inventory
2601 W Wall St. Midland, TX 79701
For Sale
Contact for pricing
Purpose-built automotive dealership with office space, service bays, covered canopy, and a large paved inventory lot.
Property Size3,538 SF
Lot Size0.66 Acres
Price / SF$282.36
Days on Market85
Property Features for 2601 W Wall St.
General Information
- Standard status
- Active
- Size
- 3,538 SF
- Lot size
- 0.66 Acres
- Property subtype
- Retail, Office, Land
Building Details
- Year Built
- 1960
Listing Agency:
Real Broker, LLC
(806) 577-5595
Listed By:
Doug Duncan · License #TX 0563978
Source:
Crexi
Added: Apr 30
Changed: Jul 23
Last Checked: Jul 23 at 6:40AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This purpose-built automotive dealership property is available for sale and is being delivered vacant and move-in-ready upon sale. Improvements include an office building, service bays, a large paved inventory lot, and covered canopy/carports, along with prominent signage for street visibility.
Located at 2601 W Wall St. on a hard corner in Midland, TX, the property benefits from exposure on one of the busiest commercial corridors and a highly active redevelopment area. W Wall Street is described as offering sustained traffic exposure of approximately 16,000 vehicles per day.
The facility is set up for auto sales with the physical infrastructure already in place, with the option to operate with a licensed dealer after bringing inventory. Dealer license and equipment are not included in the sale.
Located at 2601 W Wall St. on a hard corner in Midland, TX, the property benefits from exposure on one of the busiest commercial corridors and a highly active redevelopment area. W Wall Street is described as offering sustained traffic exposure of approximately 16,000 vehicles per day.
The facility is set up for auto sales with the physical infrastructure already in place, with the option to operate with a licensed dealer after bringing inventory. Dealer license and equipment are not included in the sale.
Key Highlights
- 0.658‑acre hard‑corner commercial tract on W Wall Street with a purpose‑built automotive dealership facility
- Current improvements include an office building, service bays, covered canopy/carports, and a large paved inventory lot
- Prominent signage on a hard corner for strong street presence
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 | $67.9k | $19.20 |
| − Vacancy | −$10.9k | −$3.07 |
| EGI | $57.1k | $16.13 |
| − OpEx | −$14.3k | −$4.03 |
| NOI | $42.8k | $12.10 |
3,538 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$611.4K
$535.0K – $713.3K
NOI $42,796 @ 7.0% cap · market cap 4.28%
Second Best
Retail
$493.6K
$431.9K – $575.8K
NOI $34,549 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$834.6K
$730.2K – $973.7K
NOI $58,419 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
B & B Auto ...
Car Dealership
Deluxe Detail and Auto ...
Car Wash
Similar Off Market Nearby
- Specialized Hail — 3201 W Front St space d, Midland, TX 79701
- Caliber Collision — 3111 W Front St, Midland, TX 79701
- Auto dent pros Inc — 900 S Midkiff Rd suite a, Midland, TX 79701
- Sun Stoppers Window Tint/Paint Protection Midland — 3201 W Front St suite a, Midland, TX 79701
- Midland Muffler, Brake & Alignment — 3500 Bankhead State Rte, Midland, TX 79701
FAQs
What type of property is this?
Auto shop - Purpose-built automotive dealership with office space, service bays, covered canopy, and a large paved inventory lot.
Where is this auto shop located?
The property is located at 2601 W Wall St. Midland, TX.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 0.658‑acre hard‑corner commercial tract on W Wall Street with a purpose‑built automotive dealership facility; Current improvements include an office building, service bays, covered canopy/carports, and a large paved inventory lot; Prominent signage on a hard corner for strong street presence
