Remodeled Flex
For Sale
Contact for pricing
2705 W Wall St, Midland, TX 79701
Commercial building with west-side parking on a busy thoroughfare near Downtown.
Property Size2,772 SF
Price / SF$1.35
Days on Market47
Property Features for 2705 W Wall St
General Information
Standard status
Active
Size
2,772 SF
Building Details
Year Built
1972
Construction
modern industrial
Listing Agency:
Carrie Shaver Realty LLC
Listed By:
Denise Hanson · License #0658556
(432) 349-6409
Source:
Billlanier
Added: Sep 13
Changed: Oct 26
Last Checked: Oct 28 at 10:17AM
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 Carrie Shaver Realty LLC
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Investment Insights
Based on property information with market context.
Located at 2705 W Wall St, this 2,772-square-foot flex space was built in 1972 and has been remodeled with a modern industrial interior. The property includes a parking lot along the west side of the building and sits on a busy thoroughfare near Downtown.
The flexible commercial layout is identified for retail, office, fitness, and car-lot uses, supporting a range of business formats within one property. Its combination of interior improvements, parking, and accessible placement provides a practical setting for an owner-user or commercial operator.
The flexible commercial layout is identified for retail, office, fitness, and car-lot uses, supporting a range of business formats within one property. Its combination of interior improvements, parking, and accessible placement provides a practical setting for an owner-user or commercial operator.
Key Highlights
- 2,772‑square‑foot flex space
- Remodeled interior with modern industrial design
- Parking lot positioned on the west side of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,389
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,780
$487.8K
Cap Rate 7%
$348,414
$348.4K
Cap Rate 9%
$270,989
$271.0K
Market Conditions
NOI Build-Up for 2,772 SF
Gross rent
$39.9K $14.40/SF
− Vacancy
−$2.4K −$0.86/SF
EGI
$37.5K $13.54/SF
− OpEx
−$13.1K −$4.74/SF
NOI
$24.4K $8.80/SF
Area
Midland, TX
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,780
Cap Rate 7%
$348,414
Cap Rate 9%
$270,989
Alternative Uses
Best Use
Retail
$386.7K
$338.4K – $451.2K
NOI $27,069 @ 7.0% cap · market cap 721.84%
Second Best
Industrial
$355.2K
$310.8K – $414.4K
NOI $24,865 @ 7.0% cap · market cap 663.07%
Theoretical Best
Office A
$653.9K
$572.1K – $762.9K
NOI $45,771 @ 7.0% cap · market cap 1,220.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,137
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building with west-side parking on a busy thoroughfare near Downtown.
Where is this flex space located?
The property is located at 2705 W Wall St Midland, TX.
What are key features of this property?
This property features: 2,772‑square‑foot flex space; Remodeled interior with modern industrial design; Parking lot positioned on the west side of the building
