Auto Shop with Dual
For Sale
$1,950,000
3915 W Wall St, Midland, TX 79701
Commercial Sale, Midland, TX
Property Size14,600 SF
Lot Size2.85 Acres
Price / SF$133.56
Days on Market138
Property Features for 3915 W Wall St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
ME6
Standard status
Active
Size
14,600 SF
Lot size
2.85 Acres
Taxes and HOA fees
Tax Description
Legal: Acres: 2.207, BLK: 001, LOT: 001, ADDN: LINCOLN MERCURY
Tax Annual Amount
23457
Legal Description
Legal: Acres: 2.207, BLK: 001, LOT: 001, ADDN: LINCOLN MERCURY
Building Details
Year built
1976
Listing Agency:
Pine & Beckett - Chris Beckett
(432) 686-7000
Listed By:
Chris Beckett Broker Owner CRS GRI ASR e-Pro
(432) 349-7000
Added: May 26
Changed: Oct 5
Last Checked: Oct 10 at 8:06PM
MLS# 50095476
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 auto shop occupies a 2.85-acre tract with a 14,600-square-foot building constructed in 1976. The interior includes approximately 5,400 square feet of showroom and office area, along with 9,200 square feet dedicated to the shop and mechanics lounge. The existing configuration provides a combination of customer-facing, administrative, and service-oriented space.
The property has frontage on Wall St. and rear frontage on BankHead Highway. Reported traffic counts are 20,387 vehicles per day on Wall St. and 3,339 vehicles per day on BankHead Highway. The site is also described as being close to an interstate, with access from both frontage roads supporting visibility and circulation around the tract.
The property has frontage on Wall St. and rear frontage on BankHead Highway. Reported traffic counts are 20,387 vehicles per day on Wall St. and 3,339 vehicles per day on BankHead Highway. The site is also described as being close to an interstate, with access from both frontage roads supporting visibility and circulation around the tract.
Key Highlights
- 2.85‑acre tract with one contiguous parcel
- 14,600‑square‑foot building constructed in 1976
- 5,400‑square‑foot showroom and office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,569
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,851,380
$2.9M
Cap Rate 7%
$2,036,700
$2.0M
Cap Rate 9%
$1,584,100
$1.6M
Market Conditions
NOI Build-Up for 14,600 SF
Gross rent
$219.0K $15.00/SF
− Vacancy
−$15.3K −$1.05/SF
EGI
$203.7K $13.95/SF
− OpEx
−$61.1K −$4.19/SF
NOI
$142.6K $9.76/SF
Area
Midland, TX
Vacancy
7.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,851,380
Cap Rate 7%
$2,036,700
Cap Rate 9%
$1,584,100
Alternative Uses
Best Use
Retail
$2.04M
$1.78M – $2.38M
NOI $142,569 @ 7.0% cap · market cap 7.31%
Second Best
Industrial
$1.87M
$1.64M – $2.18M
NOI $130,961 @ 7.0% cap · market cap 6.72%
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.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
21k
Monthly Visits Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Auto shop - Renovated automotive facility with showroom, offices, service-shop space, and access from two roads.
Where is this auto shop 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 tract with one contiguous parcel; 14,600‑square‑foot building constructed in 1976; 5,400‑square‑foot showroom and office area
