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Former Dealership on W Wall

3705 W Wall St Midland, TX 79701

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39,467 SF facility on 5.003 Acres for sale.

Type:Industrial
Property size:
39,467 SF
Lot size:
5.00 Acres
Price / SF:
$190/SF
Added:
Mar 11, 2026
Days on Market:
123
Last Refresh:
Jul 4 at 4:28 am

Property Features for 3705 W Wall St

General Information

Standard status
Active
Size
39,467 SF
Lot size
5.00 Acres
Property subtype
Industrial

Building Details

Year Built
2002

Listing office NRG Realty Group

Listing date Mar 11, 2026

Source Crexi

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 NRG Realty Group


Investment Insights

Based on property information with market context.

This is a ±39,467 SF facility situated on 5.003 acres along W Wall Street. The property benefits from strong frontage, visibility, and access, with a traffic count of 21,542. It is suitable for automotive, fleet, equipment, or industrial users requiring integrated showroom, office, service, and warehouse space. The front area includes a service check-in, waiting area, five offices, an open office/bullpen area, an IT room, an executive office with a private restroom, additional restrooms, and a kitchenette. The service area features a 40' x 120' shop/storage section with shelving and an overhead door, connecting to an 80' x 170' warehouse with a 17' clear height, heaters, a MacroAir fan, 12 Rotary lifts, (3) 12' x 12' overhead doors, a shop restroom, and a break room. Additional improvements include a 60' x 50' service garage with 6 bay doors, a 32' x 60' paint booth shop with 2 overhead doors, a 5-bay garage area with 10' x 10' overhead doors, and upstairs storage. The site is fully paved with ample parking, yard space, and lot lighting. The roof and HVAC have been updated, and fiber internet is available.

Key Highlights

  • ±39,467 SF former Honda dealership on 5.003 Acres with strong frontage, visibility, and access along W Wall Street.
  • Ideal for automotive, fleet, equipment, or industrial users needing integrated showroom, office, service, and warehouse space.
  • Extensive service area: 40' x 120' shop/storage, 80' x 170' warehouse with 17' clear height, 12 Rotary lifts, and (3) 12' x 12' overhead doors.

Local 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 $757.8k $19.20
− Vacancy −$121.2k −$3.07
EGI $636.5k $16.13
− OpEx −$159.1k −$4.03
NOI $477.4k $12.10
39,467 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$6.82M
$5.97M – $7.96M (±1% cap)
NOI $477,393 @ 7.0% cap · market cap 6.37%
Second Best
Warehouse
$6.14M
$5.37M – $7.16M (±1% cap)
NOI $429,877 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$9.31M
$8.15M – $10.86M (±1% cap)
NOI $651,679 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

GraphX & Wraps LLC Marketing & Advertising Classic Honda of Midland Car Dealership Honda Parts Center Auto Parts Store Honda Service Center Auto Repair Shop

Suggested Use

Law Firm Real Estate Agency Dental Office Hair Salon Spa & Massage Center Pharmacy Nail Salon Skin Care Clinic Cafe & Coffee Shop Restaurant

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Hertz Truck Rental - Midland Box Truck — 2200 W Wall St, Midland, TX 79701
  • Norwood Insurance — 303 W Wall St # 2202, Midland, TX 79701
  • Enterprise Rent-A-Car — 2616 W Wall St, Midland, TX 79701
  • U-Haul Neighborhood Dealer — 501 W Front St, Midland, TX 79701
  • Hertz Car Rental - Midland HLE — 2200 W Wall St, Midland, TX 79701

FAQs

What type of property is this?
Automotive property - 39,467 SF facility on 5.003 Acres for sale.
Where is this automotive property located?
The property is located at 3705 W Wall St Midland, TX.
What is the asking price?
The asking price for this property is $7,498,730.
What are key features of this property?
This property features: ±39,467 SF former Honda dealership on 5.003 Acres with strong frontage, visibility, and access along W Wall Street.; Ideal for automotive, fleet, equipment, or industrial users needing integrated showroom, office, service, and warehouse space.; Extensive service area: 40' x 120' shop/storage, 80' x 170' warehouse with 17' clear height, 12 Rotary lifts, and (3) 12' x 12' overhead doors.
Contact an agent
(432) 363-4777 Call to check price and availability
More about this property
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