Warehouse with Highway
For Sale
$1,400,000
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 Market145
Property Features for 5306 W Wall St
General Information
Standard status
Active
Size
7,800 SF
Lot size
1.63 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
8.5%
Building Details
Year Built
2008
Listing Agency:
TROWER REALTORS
Listed By:
Keith Trower · License #0700890
(432) 664-7870
Source:
Hauspg
Added: Jun 1
Changed: Oct 4
Last Checked: Oct 21 at 12:58AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$84,958
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Xcaliber Container — 4701 I-20 Frontage, Midland, TX 79706
- Family RV Storage — 5601 W Industrial Ave, Midland, TX 79706
- Raw RV Storage — 2010 Market St, Midland, TX 79703
- Aztec A-1 Storage — 1219 S Midland Dr, Midland, TX 79703
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
