Former Dealership on W
3705 W Wall St, Midland, TX 79701
39,467 SF facility on 5.003 Acres for sale.
Type:Industrial
Property size:
39,467 SFLot size:
5.00 AcresPrice / SF:
$190/SF- Added:
- Mar 11, 2026
- Days on Market:
- 68
- Last Refresh:
- Mar 19 at 10:40 pm
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 agent Justin Dodd License #9004023
Listing office NRG Realty Group (432) 363-4777
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
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.
- Additional improvements include a 60' x 50' service garage with 6 bay doors, 32' x 60' paint booth shop with 2 overhead doors, and a 5‑bay garage.
- High traffic count of 21,542.
- Updated Roof and HVAC, fiber internet available, and ample parking with lot lighting.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$5.30M
NOI $477,393 @ 9.00% cap · cautious / downside scenario
Moderate
$6.82M
NOI $477,393 @ 7.00% cap · market / base-case scenario
Aggressive
$9.55M
NOI $477,393 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
Best Use
Office B
$6.82M
$5.97M – $7.96M
NOI $477,393 @ 7.0% cap · market cap 6.37%
Second Best
Warehouse
$6.14M
$5.37M – $7.16M
NOI $429,877 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$9.31M
$8.15M – $10.86M
NOI $651,679 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
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
Similar Places 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
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.1135078
- Latitude
- 31.9775984
Nearby Similar for Sale
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.
