Warehouse with Highway
5306 W Wall St Midland, TX 79703
For Sale
Contact for pricing
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 Market61
Property Features for 5306 W Wall St
General Information
- Standard status
- Active
- Size
- 7,800 SF
- Lot size
- 1.63 Acres
- Property subtype
- Land
Building Details
- Year Built
- 2008
Listing Agency:
Trower Realtors Inc
Listed By:
Keith Trower · License #TX 700890
Source:
Crexi
Added: May 25
Changed: Jul 21
Last Checked: Jul 23 at 3:35PM
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.8k | $13.56 |
| − Vacancy | −$5.8k | −$0.75 |
| EGI | $100.0k | $12.81 |
| − OpEx | −$15.0k | −$1.92 |
| NOI | $85.0k | $10.89 |
7,800 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rhino Linings of Midland
Auto Parts Store
Intoxalock Ignition Interlock
Building Supply
Similar Off Market Nearby
- Family RV Storage — 5601 W Industrial Ave, Midland, TX 79706
- Aztec A-1 Storage — 1219 S Midland Dr, Midland, TX 79703
- Raw RV Storage — 2010 Market St, Midland, TX 79703
- Xcaliber Container — 4701 I-20 Frontage, Midland, TX 79706
FAQs
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
