Fleet Oil Service Gas
For Sale
$1,950,000
3915 W Wall St, Midland, TX 79701
COMMERCIAL - Midland, TX
Property Size14,600 SF
Lot Size2.85 Acres
Price / SF$133.56
Days on Market92
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: Aug 4
Last Checked: Aug 25 at 5:06AM
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 for-sale fleet oil service gas station sits on a single 2.85-acre tract with an approximately 14,600-square-foot footprint. The improvements include showroom and offices totaling approximately 5,400 square feet and a shop with a mechanics lounge totaling approximately 9,200 square feet. The property is offered “as is,” with appraised values noted in the remarks.
The site is described as having Wall St. frontage and rear frontage along Bankhead Highway, with daily traffic counts provided for each frontage (20,387 vehicles per day on Wall St. and 3,339 vehicles per day on Bankhead Highway). The remarks also note proximity to the interstate and suitability for big trucks and 18-wheelers, with ample room for service operations.
The information provided supports a truck-focused configuration with dedicated interior space for offices/showroom and on-site shop and mechanics lounge areas within the existing improvements.
The site is described as having Wall St. frontage and rear frontage along Bankhead Highway, with daily traffic counts provided for each frontage (20,387 vehicles per day on Wall St. and 3,339 vehicles per day on Bankhead Highway). The remarks also note proximity to the interstate and suitability for big trucks and 18-wheelers, with ample room for service operations.
The information provided supports a truck-focused configuration with dedicated interior space for offices/showroom and on-site shop and mechanics lounge areas within the existing improvements.
Key Highlights
- 2.85 acre tract with frontage on Wall St. and BankHead Highway
- Ideal for a Fleet Oil Service station for large trucks/18 wheelers
- Close proximity to Interstate
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
$159,717
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
8.19%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
20,387 VPD
Traffic count
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - 2.85-acre gas station with showroom/offices and a shop and mechanics lounge, fronting major frontage for big-truck access.
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 tract with frontage on Wall St. and BankHead Highway; Ideal for a Fleet Oil Service station for large trucks/18 wheelers; Close proximity to Interstate
