Retail Storefront with Recent
3214 W Wall St Midland, TX 79701
For Sale
$750,000
Storefront retail space with new roof, awning, HVAC, and remodeled kitchenette and bathrooms.
Property Size5,915 SF
Price / SF$126.80
Days on Market2593
Property Features for 3214 W Wall St
General Information
- Standard status
- Active
- Size
- 5,915 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing Agency:
(432) 296-9340
Listed By:
Legacy Real Estate
(432) 296-9340
Source:
Xome
Added: Jun 19, 2019
Changed: Jul 22
Last Checked: Jul 24 at 5:01AM
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 Legacy Real Estate
Investment Insights
Based on property information with market context.
This retail storefront property offers 5,915 square feet and includes recent exterior and interior improvements. The building has a new roof and new awning, along with fresh paint both inside and out. Interior updates also include a new HVAC system, new carpet, and remodeled kitchenette and bathrooms.
Located on one of the main arteries to downtown Midland, the property is positioned for convenient access to the area.
A warehouse building behind the storefront can be purchased as well, but it is not included in this price or listing.
Located on one of the main arteries to downtown Midland, the property is positioned for convenient access to the area.
A warehouse building behind the storefront can be purchased as well, but it is not included in this price or listing.
Key Highlights
- 5,915 SF storefront retail space with new roof
- Recent updates include new awning, fresh interior and exterior paint, and new HVAC
- Remodeled kitchenette and bathrooms
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 | $88.7k | $15.00 |
| − Vacancy | −$6.2k | −$1.05 |
| EGI | $82.5k | $13.95 |
| − OpEx | −$24.8k | −$4.19 |
| NOI | $57.8k | $9.76 |
5,915 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$825.1K
$722.0K – $962.7K
NOI $57,760 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,668 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Flowers and Love — 110 andrews hwy, midland, tx 79701
- FloristerÃa — 2712 Kessler Ave, Midland, TX 79701
FAQs
What type of property is this?
Storefront property - Storefront retail space with new roof, awning, HVAC, and remodeled kitchenette and bathrooms.
Where is this storefront property located?
The property is located at 3214 W Wall St Midland, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,915 SF storefront retail space with new roof; Recent updates include new awning, fresh interior and exterior paint, and new HVAC; Remodeled kitchenette and bathrooms
