Automotive Dealership with Inventory
For Sale
Contact for pricing
2601 W Wall St., Midland, TX 79701
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 Market177
Property Features for 2601 W Wall St.
General Information
Standard status
Active
Size
3,538 SF
Class
C
Lot size
0.66 Acres
Property subtype
Retail, Office, Land
Zoning
Commercial - Regional Retail
Investment Type
Owner/User
Site & Location
Traffic Count
16,000 vehicles/day
Outdoor Storage
Yes
Building Details
Year Built
1960
Buildings
3
Tenancy
Single
Listing Agency:
Real Broker, LLC
Listed By:
Doug Duncan · License #TX 0563978
(806) 577-5595
Source:
Crexi
Added: Apr 30
Changed: Oct 13
Last Checked: Oct 20 at 7:36PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$34,549
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,980
$691.0K
Cap Rate 7%
$493,557
$493.6K
Cap Rate 9%
$383,878
$383.9K
Market Conditions
NOI Build-Up for 3,538 SF
Gross rent
$53.1K $15.00/SF
− Vacancy
−$3.7K −$1.05/SF
EGI
$49.4K $13.95/SF
− OpEx
−$14.8K −$4.19/SF
NOI
$34.5K $9.76/SF
Area
Midland, TX
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,980
Cap Rate 7%
$493,557
Cap Rate 9%
$383,878
Alternative Uses
Best Use
Retail
$493.6K
$431.9K – $575.8K
NOI $34,549 @ 7.0% cap · market cap 3.46%
Second Best
Industrial
$453.4K
$396.7K – $528.9K
NOI $31,736 @ 7.0% cap · market cap 3.18%
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
16,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
93k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Shops & Services 14%
Electronics 1%
Chick-fil-A
Dining
39,978 visits/mo
0.3 miles
7 Brew Coffee
Dining
15,156 visits/mo
0.4 miles
Taco Villa
Dining
14,167 visits/mo
0.3 miles
Shipley Do-Nuts
Dining
4,953 visits/mo
0.3 miles
Cash America
Shops & Services
3,566 visits/mo
0.1 miles
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Auto dent pros Inc — 900 S Midkiff Rd suite a, Midland, TX 79701
- Midland Muffler, Brake & Alignment — 3500 Bankhead State Rte, Midland, TX 79701
- Specialized Hail — 3201 W Front St space d, Midland, TX 79701
- Caliber Collision — 3111 W Front St, Midland, TX 79701
- Sun Stoppers Window Tint/Paint Protection Midland — 3201 W Front St suite a, Midland, TX 79701
Frequently Asked Questions
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
