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Retail-Industrial Opportunity Near Downtown

3205 W Wall St, Midland, TX 79701

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For Sale

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38,164 SF retail-industrial property on 5.38 acres for sale.

Type:Retail

Property size:

38,164 SF

Lot size:

5.38 Acres

Price / SF:

$144/SF

HighLights

High‑traffic location with 14,841 vehicles per day.
Significant square footage: 38,164 SF under roof on 5.38 acres.
Income‑producing property: Current tenant pays $30,000/month, NNN.
Prime location near Downtown Midland with easy highway access.
Unique investment opportunity: Ability to divide the property and lease separately due to 4 buildings on site.
Future vacancy: Sewell Automotive lease expires January 31, 2027, creating redevelopment or new tenant opportunity.

We can help!

Listing Contact

Trey Dennis

For Sale

Contact for pricing

38,164 SF retail-industrial property on 5.38 acres for sale.

Type:Retail

Property size:

38,164 SF

Lot size:

5.38 Acres

Price / SF:

$144/SF

Added:: Aug 27, 2024
Days on Market:: 652
Last Refresh:: May 12 at 9:40 pm

Property Features for 3205 W Wall St

General Information

Standard status: Active
Size: 38,164 SF
Lot size: 5.38 Acres
Property subtype: Retail

Building Details

Year Built: 1958

We can help!

Listing Contact

Trey Dennis

Listing agent Trey Dennis License #TX 723150

Listing office Moriah Real Estate Company, LLC

Listing date Aug 27, 2024

Source Crexi

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 Real Estate Company, LLC

HighLights

High‑traffic location with 14,841 vehicles per day.
Significant square footage: 38,164 SF under roof on 5.38 acres.
Income‑producing property: Current tenant pays $30,000/month, NNN.
Prime location near Downtown Midland with easy highway access.
Unique investment opportunity: Ability to divide the property and lease separately due to 4 buildings on site.
Future vacancy: Sewell Automotive lease expires January 31, 2027, creating redevelopment or new tenant opportunity.

Overview

This retail-industrial property is located near Downtown Midland on Wall Street, offering convenient highway access. The location benefits from high traffic, with 14,841 vehicles passing daily, according to TxDOT's Annual Average Daily Traffic report. The property includes 38,164 square feet of space under roof, situated on 5.38 acres. It comprises four buildings, presenting an opportunity for an investor to divide the property and lease them separately. The current tenant, Sewell Automotive, has a lease expiring on January 31, 2027, and has indicated they will not be renewing and will be relocating. The tenant's current rent is $30,000.00 per month, NNN.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $372,671 @ 7.0% cap · market cap 6.74%

Second Best

Industrial

$4.89M

$4.28M – $5.71M (±1% cap)

NOI $342,329 @ 7.0% cap · market cap 6.19%

Theoretical Best

Office A

$9.00M

$7.88M – $10.50M (±1% cap)

NOI $630,164 @ 7.0% cap · market cap 11.40%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Sewell Buick GMC ... Car Dealership Sewell Cadillac Service ... Auto Repair Shop Sewell Cadillac of Midland Car Dealership EV Connect Charging ... Electric Vehicle Charging Station

Suggested Use

Location Insight

Map
Local Demand

City: Midland
County: Midland
State: Texas
Longitude: -102.1076792
Latitude: 31.9838702

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For sale
Retail properties & Spaces
TX
Midland
79701
3205 W Wall St

What type of property is this?

Retail property - 38,164 SF retail-industrial property on 5.38 acres for sale.

Where is this retail property 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: High‑traffic location with 14,841 vehicles per day.; Significant square footage: 38,164 SF under roof on 5.38 acres.; Income‑producing property: Current tenant pays $30,000/month, NNN.