Fleet Oil Service
3915 W Wall St Midland, TX 79701
New
3915 W Wall St, Midland, TX, 79701
$2,150,000
For Sale
$2,150,000
Service station on one tract with Wall St. frontage and dedicated space for a truck-focused showroom and shop operations.
Property Size14,600 SF
Lot Size2.85 Acres
Price / SF$147.26
Days on Market2
Property Features for 3915 W Wall St
General Information
- Standard status
- Active
- Size
- 14,600 SF
- Lot size
- 2.85 Acres
Building Details
- Year Built
- 1976
Listing agency
Pine & Beckett - Chris Beckett
(432) 349-7000
Listed by
Chris Beckett Broker Owner CRS GRI ASR e-Pro
Source
Billlanier
Added: Jul 21 Updated: Jul 22 at 9:40AM Checked: Jul 22 at 9:40AM
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 Pine & Beckett - Chris Beckett
Investment Insights
Based on property information with market context.
This fleet oil service station is offered on approximately 2.85 acres and includes a total building footprint of about 14,600 square feet. The property features showroom/offices totaling approximately 5,400 square feet, along with a shop and mechanics lounge totaling approximately 9,200 square feet. The asset is noted as renovated, and is being sold “as is.”
The site benefits from Wall St. frontage with an indicated traffic count of 20,387 vehicles per day, as well as rear frontage on Bankhead Highway with an indicated traffic count of 3,339 vehicles per day. The property is described as ideal for servicing big trucks and 18 wheelers, with additional room for fleet operations and is close to the Interstate.
For sale, with appraised values referenced in the materials: $3.86M for renovated condition and $2.42M as-is (dated 4-6-23).
The site benefits from Wall St. frontage with an indicated traffic count of 20,387 vehicles per day, as well as rear frontage on Bankhead Highway with an indicated traffic count of 3,339 vehicles per day. The property is described as ideal for servicing big trucks and 18 wheelers, with additional room for fleet operations and is close to the Interstate.
For sale, with appraised values referenced in the materials: $3.86M for renovated condition and $2.42M as-is (dated 4-6-23).
Key Highlights
- 2.85‑acre service station on one tract with Wall St. frontage and BankHead Highway rear frontage
- Wall St. frontage with 20,387 traffic count per day and BankHead Highway frontage with 3,339 traffic count per day
- 14,600 SF total footprint with dedicated 5,400 SF showroom/office space
Local Financial Insights For Specialty Retail
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 | $227.8k | $15.60 |
| − Vacancy | −$14.8k | −$1.01 |
| EGI | $213.0k | $14.59 |
| − OpEx | −$53.2k | −$3.65 |
| NOI | $159.7k | $10.94 |
14,600 SF · lease $15.60/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.28M
$2.00M – $2.66M
NOI $159,717 @ 7.0% cap · market cap 7.43%
Second Best
Retail
$2.04M
$1.78M – $2.38M
NOI $142,569 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $241,075 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Automotive Repair and Collision ...
Auto Repair Shop
A.R.C.O.M (Automotive Repair ...
Auto Repair Shop
A-R-C-O-M (AUTOMOTIVE REPAIR ...
Auto Repair Shop
Midland Mitsubishi
Car Dealership
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FAQs
What type of property is this?
Gas station - Service station on one tract with Wall St. frontage and dedicated space for a truck-focused showroom and shop operations.
Where is this gas station located?
The property is located at 3915 W Wall St Midland, TX.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 2.85‑acre service station on one tract with Wall St. frontage and BankHead Highway rear frontage; Wall St. frontage with 20,387 traffic count per day and BankHead Highway frontage with 3,339 traffic count per day; 14,600 SF total footprint with dedicated 5,400 SF showroom/office space
