207-Key Full-Service Hotel
3100 W Wall St Midland, TX 79701
3100 W Wall St, Midland, TX, 79701
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For Sale
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207-key Wyndham Garden Midland hotel for sale in Midland, Texas.
Property Size24,476 SF
Price / SF$224.71
Days on Market125
Property Features for 3100 W Wall St
General Information
- Standard status
- Active
- Size
- 24,476 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1983
Listing Agency
HVS
Listed by
Matt Omansky · License #TX 667904
Source
Crexi
Added: Mar 15 Checked: Jul 15 at 8:44 pm
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
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
Local Financial Insights For Hotel Hospitality
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 | $440.6k | $18.00 |
| − Vacancy | −$52.9k | −$2.16 |
| EGI | $387.7k | $15.84 |
| − OpEx | −$203.5k | −$8.32 |
| NOI | $184.2k | $7.52 |
24,476 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 52.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dash Vending Co.
Grocery & Convenience Store
Toyota of Midland
Auto Repair Shop
Sayulitas Mariscos y ...
Restaurant
Betty's Latin Cuisine
Restaurant
OCHO 80
Restaurant
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FAQs
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
