Automotive Service and Showroom
For Sale
$7,498,730
3705 W Wall St, Midland, TX 79701
COMMERCIAL - Midland, TX
Property Size39,467 SF
Lot Size5.00 Acres
Price / SF$190
Days on Market168
Property Features for 3705 W Wall St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
ME6
Standard status
Active
Size
39,467 SF
Lot size
5.00 Acres
Taxes and HOA fees
Tax Description
Legal: Acres: 4.981, SEC: 32, BLK: 39-T1S
Tax Annual Amount
43888
Legal Description
Legal: Acres: 4.981, SEC: 32, BLK: 39-T1S
Amenities
service check-in
waiting area
offices
bullpen
IT room
executive office with private restroom
additional restroom
kitchenette
warehouse with 17' clear height
heaters
MacroAir fan
Rotary lifts
overhead doors
paved yard
Building Details
Year built
2002
Listing Agency:
NRG Realty Group, LLC
(432) 432-7976
Listed By:
Amy Brasher Barnett · License #514276
(432) 352-6714
Added: Mar 10
Changed: Aug 4
Last Checked: Aug 24 at 12:06AM
MLS# 50093435
Copyright © 2026 Permian Basin Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 39,467-square-foot automotive facility, completed in 2002, occupies 5.003 acres in Midland. The property includes showroom and customer-service areas, five offices, a bullpen, IT room, executive office, restrooms, and a kitchenette. Its service improvements include a 40' x 120' shop and storage area, an 80' x 170' warehouse with 17-foot clear height, heaters, a MacroAir fan, 12 Rotary lifts, and three 12' x 12' overhead doors. Additional improvements include a 60' x 50' six-bay garage, a 32' x 60' paint booth shop, and another five-bay garage.
Positioned along W Wall St, the property offers 21,542 VPD, frontage, visibility, and access. A paved yard provides additional outdoor operating area for automotive, fleet, equipment, or industrial uses.
Positioned along W Wall St, the property offers 21,542 VPD, frontage, visibility, and access. A paved yard provides additional outdoor operating area for automotive, fleet, equipment, or industrial uses.
Key Highlights
- 39,467 SF facility on 5.003 acres along W Wall St
- 21,542 VPD with frontage, visibility, and access
- 80' x 170' warehouse with 17' clear height, heaters, and MacroAir fan
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
$429,877
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
5.73%
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%
$8,597,540
$8.6M
Cap Rate 7%
$6,141,100
$6.1M
Cap Rate 9%
$4,776,411
$4.8M
Market Conditions
NOI Build-Up for 39,467 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
$535.2K $13.56/SF
− Vacancy
−$29.4K −$0.75/SF
EGI
$505.7K $12.81/SF
− OpEx
−$75.9K −$1.92/SF
NOI
$429.9K $10.89/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
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%
$8,597,540
Cap Rate 7%
$6,141,100
Cap Rate 9%
$4,776,411
Alternative Uses
Best Use
Warehouse
$6.14M
$5.37M – $7.16M
NOI $429,877 @ 7.0% cap · market cap 5.73%
Second Best
Retail
$5.51M
$4.82M – $6.42M
NOI $385,395 @ 7.0% cap · market cap 5.14%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17 ft
Clear height
12
Service bays
21,542 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
584
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Large automotive property combining showroom, office, repair, warehouse, and outdoor yard areas.
Where is this auto shop 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 facility on 5.003 acres along W Wall St; 21,542 VPD with frontage, visibility, and access; 80' x 170' warehouse with 17' clear height, heaters, and MacroAir fan
