Retail-Industrial Opportunity Near
For Sale
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3205 W Wall Street, Midland, TX 79701
38,164 SF retail-industrial property on 5.38 acres for sale.
Property Size38,164 SF
Lot Size5.38 Acres
Price / SF$144.90
Days on Market704
Property Features for 3205 W Wall Street
General Information
Standard status
Active
Size
38,164 SF
Lot size
5.38 Acres
Property subtype
Retail, Industrial
Building Details
Year Built
1958
Listing Agency:
Moriah Real Estate Company, LLC
(432) 682-2510
Listed By:
Trey Dennis · License #TX 723150
Source:
Crexi
Added: Aug 27, 2024
Changed: Jul 10
Last Checked: Jul 30 at 12:12PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
—
—
no second resolved use
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
2,048
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Texaco
Shops & Services
6,258 visits/mo
0.4 miles
The UPS Store
Shops & Services
2,317 visits/mo
0.5 miles
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
$204,000
Median Home Value
Market
Average Price Trend$/SF for Retail properties & Spaces in Midland, TX
Properties on Market for Retail properties & Spaces in Midland
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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 Street 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.
