Flexible Retail Showroom
For Sale
$1,150,000
3504 West Wall Street, Midland, TX 79701
A flexible 10,000 SF storefront building on West Wall Street with showroom and service-friendly layout options.
Property Size10,000 SF
Price / SF$115
Days on Market107
Property Features for 3504 West Wall Street
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail - Street Retail
Building Details
Building Size
10,000 SF
Year Built
1958
Listing Agency:
Moriah Brokerage Services
Listed By:
Jack Oduro
(512) 977-8596
Source:
Commercialcafe
Added: Jun 23
Changed: Sep 29
Last Checked: Oct 7 at 9:25AM
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.
3504 West Wall Street is a 10,000 SF retail building with a flexible interior layout designed to accommodate retail, showroom, service, or other commercial uses. The property is positioned for storefront-oriented operations and owner-users who want a space that can be tailored to their business format.
The building is located along West Wall Street in Midland within a well-established commercial corridor. The surrounding area includes retail, dining, and service-oriented businesses, with nearby shopping options including Midland Park Mall. Access to key roadways and Midland’s business districts supports convenient customer and employee travel.
This property can work well for tenants seeking a visible, storefront-style location and a layout that can support retail or showroom merchandising, as well as service operations that benefit from flexible space planning. For buyers, it offers an owner-user option or a retail-focused investment consideration, depending on how the space will be configured and operated for the intended commercial use.
The building is located along West Wall Street in Midland within a well-established commercial corridor. The surrounding area includes retail, dining, and service-oriented businesses, with nearby shopping options including Midland Park Mall. Access to key roadways and Midland’s business districts supports convenient customer and employee travel.
This property can work well for tenants seeking a visible, storefront-style location and a layout that can support retail or showroom merchandising, as well as service operations that benefit from flexible space planning. For buyers, it offers an owner-user option or a retail-focused investment consideration, depending on how the space will be configured and operated for the intended commercial use.
Key Highlights
- 10,000 SF retail building on West Wall Street in Midland
- Flexible layout suited for retail, showroom, service, or other commercial users
- Year built: 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,650
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,953,000
$2.0M
Cap Rate 7%
$1,395,000
$1.4M
Cap Rate 9%
$1,085,000
$1.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$150.0K $15.00/SF
− Vacancy
−$10.5K −$1.05/SF
EGI
$139.5K $13.95/SF
− OpEx
−$41.9K −$4.19/SF
NOI
$97.7K $9.76/SF
Area
Midland, TX
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,953,000
Cap Rate 7%
$1,395,000
Cap Rate 9%
$1,085,000
Alternative Uses
Best Use
Retail
$1.39M
$1.22M – $1.63M
NOI $97,650 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,120 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Home Improvements & Furnishings 25%
Dining 20%
Hotels & Casinos 2%
McCoy's Building Supply
Home Improvements & Furnishings
5,243 visits/mo
0.4 miles
Dollar General
Shops & Services
4,862 visits/mo
0.2 miles
Denny's
Dining
4,813 visits/mo
0.3 miles
Exxon
Shops & Services
4,755 visits/mo
0.3 miles
Midas
Shops & Services
1,326 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - A flexible 10,000 SF storefront building on West Wall Street with showroom and service-friendly layout options.
Where is this retail space located?
The property is located at 3504 West Wall Street Midland, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 10,000 SF retail building on West Wall Street in Midland; Flexible layout suited for retail, showroom, service, or other commercial users; Year built: 1958
