Midland Retail-Industrial
For Sale
Contact for pricing
3205 W Wall St, Midland, TX
Prime location near Downtown Midland with highway access.
Property Size38,164 SF
Lot Size1.15 Acres
Price / SF$144.90
Days on Market695
Property Features for 3205 W Wall St
General Information
Standard status
Active
Size
38,164 SF
Lot size
1.15 Acres
Property subtype
RETAIL
Listing Agency:
Moriah Brokerage Services
(432) 682-2510
Listed By:
Wes Gotcher · License #723150
Source:
Moodyscre
Added: Sep 5, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:16AM
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 Moriah Brokerage Services
Investment Insights
Based on property information with market context.
This property features 38,164 square feet under roof on 5.38 acres, comprising four buildings that offer a unique opportunity to divide the property for separate leasing. The current tenant, Sewell Automotive, has indicated they will not be renewing their lease, which expires on January 31, 2027, and will be relocating. The tenant currently pays $30,000.00 per month, NNN. This prime retail-industrial opportunity is located near Downtown Midland on Wall Street, providing quick and easy highway access. The property benefits from a traffic count of approximately 14,841 vehicles daily, according to TxDOT's 2022 Annual Average Daily Traffic report. The property's current use is for auto sales and services. Located within city limits, the property benefits from city utilities (water and sewer) and police and fire protection, and it is situated outside of a flood-prone area. The zoning is RR & C, with permitted uses including auto sales, boat sales, restaurants, car washes, bowling alleys, and medical or dental laboratories. The property has approximately 620 feet of frontage on W. Wall Street.
Key Highlights
- 38,164 SF under roof on 5.38 Acres offers significant space and potential.
- Prime Retail‑Industrial location near Downtown Midland with easy highway access.
- Current tenant lease expires January 31, 2027, providing opportunity for new lease or use.
Financial Insights For Retail
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 | $572.5k | $15.00 |
| − Vacancy | −$40.1k | −$1.05 |
| EGI | $532.4k | $13.95 |
| − OpEx | −$159.7k | −$4.19 |
| NOI | $372.7k | $9.76 |
38,164 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.32M
$4.66M – $6.21M
NOI $372,671 @ 7.0% cap · market cap 6.74%
Second Best
Industrial
$4.89M
$4.28M – $5.71M
NOI $342,329 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$9.00M
$7.88M – $10.50M
NOI $630,164 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,322
Businesses Nearby
26k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 44%
Dining 29%
Shops & Services 27%
DoubleTree by Hilton Midland Plaza
Hotels & Casinos
11,380 visits/mo
0.1 miles
SUBWAY
Dining
5,540 visits/mo
0.4 miles
Chase Bank
Shops & Services
5,228 visits/mo
0.2 miles
Domino's Pizza
Dining
2,040 visits/mo
0.4 miles
Firestone Complete Auto Care
Shops & Services
955 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- All American Chevrolet of Midland Parts Center — 4100 W Wall St Suite #200, Midland, TX 79703
- Danny's Automotive Express — 3217 Commercial Dr, Midland, TX 79701
- Flores Auto Glass — 1505 S Midkiff Rd, Midland, TX 79701
- Bison Towing and Bison Auto Group and Liquidators — 3920 W Wall St, Midland, TX 79703
- All American Chevrolet Of Midland Service Center — 4100 W Wall St Suite #100, Midland, TX 79703
Frequently Asked Questions
What type of property is this?
Auto shop - Prime location near Downtown Midland with highway access.
Where is this auto shop located?
The property is located at 3205 W Wall St Midland, TX.
What is the asking price?
The asking price for this property is $5,530,000.
What are key features of this property?
This property features: 38,164 SF under roof on 5.38 Acres offers significant space and potential.; Prime Retail‑Industrial location near Downtown Midland with easy highway access.; Current tenant lease expires January 31, 2027, providing opportunity for new lease or use.
