Automotive Property With Service
For Sale
$6,500,000
3705 W Wall St, Midland, TX 79701
Commercial Sale, Midland, TX
Property Size39,467 SF
Lot Size5.00 Acres
Price / SF$164.69
Days on Market215
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
showroom
office
warehouse
waiting area
kitchenette
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: Oct 2
Last Checked: Oct 10 at 12:06PM
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 property occupies 5.003 acres and was built in 2002. The former Honda dealership includes a customer-facing showroom area, service check-in and waiting space, five offices, a bullpen, IT room, executive office with private restroom, additional restroom, and kitchenette. Its service improvements include a 40' x 120' shop and storage area, an 80' x 170' warehouse with 17' 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, a five-bay garage, and paved yard area. The property fronts W Wall St in Midland and records 21,542 VPD, with the site configuration supporting automotive, fleet, equipment, and industrial operations.
Additional improvements include a 60' x 50' six-bay garage, a 32' x 60' paint booth shop, a five-bay garage, and paved yard area. The property fronts W Wall St in Midland and records 21,542 VPD, with the site configuration supporting automotive, fleet, equipment, and industrial operations.
Key Highlights
- 39,467 SF automotive facility on 5.003 acres
- Former Honda dealership built in 2002
- 80' x 170' warehouse with 17' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$429,877
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
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
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 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 6.61%
Second Best
Retail
$5.51M
$4.82M – $6.42M
NOI $385,395 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$9.31M
$8.15M – $10.86M
NOI $651,679 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
17 ft
Clear height
23
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - Former dealership facility combining showroom, offices, repair bays, warehouse space, and a paved yard.
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 $6,500,000.
What are key features of this property?
This property features: 39,467 SF automotive facility on 5.003 acres; Former Honda dealership built in 2002; 80' x 170' warehouse with 17' clear height
