Warehouse with Highway
For Sale
Contact for pricing
5306 W Wall St, Midland, TX 79703
Investment-grade warehouse on 1.627 acres with about 200 feet of frontage along Hwy 80.
Property Size7,800 SF
Lot Size1.63 Acres
Price / SF$179.49
Days on Market107
Property Features for 5306 W Wall St
General Information
Standard status
Active
Size
7,800 SF
Lot size
1.63 Acres
Property subtype
Land
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
8.5%
Building Details
Year Built
2008
Buildings
1
Listing Agency:
Trower Realtors Inc
Listed By:
Keith Trower · License #TX 700890
(432) 664-7870
Source:
Crexi
Added: May 25
Changed: Sep 2
Last Checked: Sep 7 at 8:17AM
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 Trower Realtors Inc
Investment Insights
Based on property information with market context.
Investment opportunity featuring an income-producing warehouse building totaling 7,800 SF on approximately 1.627 acres at 5306 W Wall St in Midland, TX. The offering is described as yielding an 8.5% cap rate, with annual CPI adjustments.
The property is positioned for easy access, with approximately 200 feet of frontage along HWY 80. This frontage supports visibility and convenient approach for day-to-day operations associated with a warehouse facility.
The property is positioned for easy access, with approximately 200 feet of frontage along HWY 80. This frontage supports visibility and convenient approach for day-to-day operations associated with a warehouse facility.
Key Highlights
- 7,800 SF building on an approximately 1.627‑acre lot
- About 200 ft of frontage along HWY 80 for access and visibility
- Year built: 2008
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
$84,958
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
6.07%
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%
$1,699,160
$1.7M
Cap Rate 7%
$1,213,686
$1.2M
Cap Rate 9%
$943,978
$944.0K
Market Conditions
NOI Build-Up for 7,800 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
$105.8K $13.56/SF
− Vacancy
−$5.8K −$0.75/SF
EGI
$100.0K $12.81/SF
− OpEx
−$15.0K −$1.92/SF
NOI
$85.0K $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 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%
$1,699,160
Cap Rate 7%
$1,213,686
Cap Rate 9%
$943,978
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.42M
NOI $84,958 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,794 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79703, TX
21,205
Population
8,110
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,262
Density / Sq Mi
$80,281
Median Household Income
$44,977
Median Earnings
$1,466
Median Rent
$220,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Investment-grade warehouse on 1.627 acres with about 200 feet of frontage along Hwy 80.
Where is this warehouse located?
The property is located at 5306 W Wall St Midland, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 7,800 SF building on an approximately 1.627‑acre lot; About 200 ft of frontage along HWY 80 for access and visibility; Year built: 2008
