Fleet Oil Service
For Sale
$1,950,000
3915 W Wall St, Midland, TX 79701
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$133.56
Days on Market93
Property Features for 3915 W Wall St
General Information
Standard status
Active
Size
14,600 SF
Lot size
2.85 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1976
Listing Agency:
Pine & Beckett - Chris Beckett
Listed By:
Chris Beckett Broker Owner CRS GRI ASR e-Pro
(432) 349-7000
Source:
Hauspg
Added: Jul 21
Changed: Oct 1
Last Checked: Oct 7 at 3:34PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,717
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,194,340
$3.2M
Cap Rate 7%
$2,281,671
$2.3M
Cap Rate 9%
$1,774,633
$1.8M
Market Conditions
NOI Build-Up for 14,600 SF
Gross rent
$227.8K $15.60/SF
− Vacancy
−$14.8K −$1.01/SF
EGI
$213.0K $14.59/SF
− OpEx
−$53.2K −$3.65/SF
NOI
$159.7K $10.94/SF
Area
Midland, TX
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,194,340
Cap Rate 7%
$2,281,671
Cap Rate 9%
$1,774,633
Alternative Uses
Best Use
Specialty Retail
$2.28M
$2.00M – $2.66M
NOI $159,717 @ 7.0% cap · market cap 8.19%
Second Best
Retail
$2.04M
$1.78M – $2.38M
NOI $142,569 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $241,075 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 22%
Hotels & Casinos 11%
Home Improvements & Furnishings 2%
Dollar General
Shops & Services
4,862 visits/mo
0.5 miles
Denny's
Dining
4,813 visits/mo
0.3 miles
Exxon
Shops & Services
4,755 visits/mo
0.3 miles
All American Chrysler Dodge Jeep Ram of Midland
Shops & Services
3,685 visits/mo
0.1 miles
La Quinta Inn Midland
Hotels & Casinos
1,584 visits/mo
0.5 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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 $1,950,000.
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
