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 Market56
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
(512) 977-8596
Listed By:
Jack Oduro
Source:
Commercialcafe
Added: Jun 23
Changed: Aug 14
Last Checked: Aug 15 at 9:03PM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,650
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
