Auto Shop with Multiple Metal Storage
For Sale
$649,000
3407 W Wall St, Midland, TX 79701
Auto shop property with multiple office spaces and several metal storage buildings on Wall Street in Midland, TX.
Property Size4,284 SF
Price / SF$151.49
Days on Market8
Property Features for 3407 W Wall St
General Information
Standard status
Active
Size
4,284 SF
Additional Details
Road Access
Yes
Listing Agency:
Southern Spaces Realty
(979) 224-8938
Listed By:
Allen Torans · License #0613192
(979) 224-8938
Source:
Exprealty
Added: Jul 24
Changed: Jul 30
Last Checked: Jul 30 at 9:19PM
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 Southern Spaces Realty
Investment Insights
Based on property information with market context.
Auto shop property at 3407 W Wall St, Midland, TX 79701, totaling 4,284 SF. The layout includes multiple office spaces that can support administrative functions, customer reception, sales activity, and management. Several metal storage buildings provide enclosed space for inventory, tools, equipment, parts, or secure vehicle storage.
The property is designed to serve automotive and related commercial users, including a used car dealership or automotive repair shop. It is also described as suitable for construction and contractor businesses, as well as equipment sales and other commercial or industrial operations.
For tenants or buyers looking for an auto-focused site with office support and additional storage outbuildings, this configuration offers both workspace and capacity for operational needs on the same premises.
The property is designed to serve automotive and related commercial users, including a used car dealership or automotive repair shop. It is also described as suitable for construction and contractor businesses, as well as equipment sales and other commercial or industrial operations.
For tenants or buyers looking for an auto-focused site with office support and additional storage outbuildings, this configuration offers both workspace and capacity for operational needs on the same premises.
Key Highlights
- 4,284 SF auto shop property at 3407 W Wall St, Midland, TX 79701
- Multiple office spaces for administration, reception, sales, and management
- Several metal storage buildings for inventory, tools, equipment, parts, or secure vehicle storage
Financial Insights For Office B
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 | $82.3k | $19.20 |
| − Vacancy | −$13.2k | −$3.07 |
| EGI | $69.1k | $16.13 |
| − OpEx | −$17.3k | −$4.03 |
| NOI | $51.8k | $12.10 |
4,284 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$740.3K
$647.7K – $863.7K
NOI $51,819 @ 7.0% cap · market cap 7.98%
Second Best
Warehouse
$666.6K
$583.3K – $777.7K
NOI $46,662 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$1.01M
$884.2K – $1.18M
NOI $70,737 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,048
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Office 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 - Auto shop property with multiple office spaces and several metal storage buildings on Wall Street in Midland, TX.
Where is this auto shop located?
The property is located at 3407 W Wall St Midland, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 4,284 SF auto shop property at 3407 W Wall St, Midland, TX 79701; Multiple office spaces for administration, reception, sales, and management; Several metal storage buildings for inventory, tools, equipment, parts, or secure vehicle storage
