207-Key Full-Service Hotel
For Sale
Contact for pricing
Pending
3100 W Wall St, Midland, TX 79701
207-key Wyndham Garden Midland hotel for sale in Midland, Texas.
Property Size24,476 SF
Days on Market216
Property Features for 3100 W Wall St
General Information
Standard status
Pending
Size
24,476 SF
Property subtype
Hospitality
Investment Type
Value Add
Building Details
Year Built
1983
Year Renovated
2018
Buildings
1
Stories
3
Listing Agency:
HVS
Listed By:
Matt Omansky · License #TX 667904
Source:
Crexi
Added: Mar 15
Changed: Oct 3
Last Checked: Oct 14 at 8:28PM
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 HVS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 24,476-square-foot Wyndham Garden Midland, a 207-key full-service hotel asset in Midland, Texas, is available for acquisition. The property is located between Downtown Midland and the Midland International Air & Space Port, and is proximate to the University of Texas Permian Basin (UTPB).
Key Highlights
- 207‑key full‑service Wyndham Garden hotel
- Located in Midland, Texas
- Proximate to Downtown Midland and the Midland International Air & Space Port
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,157
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,683,140
$3.7M
Cap Rate 7%
$2,630,814
$2.6M
Cap Rate 9%
$2,046,189
$2.0M
Market Conditions
NOI Build-Up for 24,476 SF
Gross rent
$440.6K $18.00/SF
− Vacancy
−$52.9K −$2.16/SF
EGI
$387.7K $15.84/SF
− OpEx
−$203.5K −$8.32/SF
NOI
$184.2K $7.52/SF
Area
Midland, TX
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,683,140
Cap Rate 7%
$2,630,814
Cap Rate 9%
$2,046,189
Alternative Uses
Best Use
Hotel Hospitality
$2.63M
$2.30M – $3.07M
NOI $184,157 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.77M
$5.05M – $6.74M
NOI $404,148 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
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
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Hotel - 207-key Wyndham Garden Midland hotel for sale in Midland, Texas.
Where is this hotel located?
The property is located at 3100 W Wall St Midland, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 207‑key full‑service Wyndham Garden hotel; Located in Midland, Texas; Proximate to Downtown Midland and the Midland International Air & Space Port
