Flex Space with Overhead
For Sale
Contact for pricing
5308 W Wall St, Midland, TX 79703
Open commercial layout includes offices, a restroom, and warehouse-oriented loading access.
Property Size2,400 SF
Lot Size0.77 Acres
Price / SF$312.50
Days on Market203
Property Features for 5308 W Wall St
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.77 Acres
Property subtype
Industrial, Retail
Zoning
Planned Development
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
2,400 SF
Listing Agency:
The Havens Group
Listed By:
Anthony Ibarra · License #TX 0637805
Source:
Crexi
Added: Apr 1
Changed: Oct 16
Last Checked: Oct 20 at 6:01PM
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 The Havens Group
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Investment Insights
Based on property information with market context.
This 2,400-square-foot flex property occupies 0.765 acres and provides an open interior arrangement with two offices, one restroom, and two 14-foot overhead doors. The configuration is suited to showroom, service, warehouse, or light industrial operations, as supported by the existing layout and loading features.
Located at 5308 W Wall St in Midland, the property sits at the northwest corner of Hwy 80 and Loop 250. Traffic is reported at approximately 27,000 VPD on Loop 250 and 25,000 VPD on Business 20. The site is zoned Planned Development.
Located at 5308 W Wall St in Midland, the property sits at the northwest corner of Hwy 80 and Loop 250. Traffic is reported at approximately 27,000 VPD on Loop 250 and 25,000 VPD on Business 20. The site is zoned Planned Development.
Key Highlights
- 2,400 SF flex property on 0.765 AC
- Two 14’ overhead doors
- Open floor plan with two offices and one restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,141
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,820
$522.8K
Cap Rate 7%
$373,443
$373.4K
Cap Rate 9%
$290,456
$290.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$32.5K $13.56/SF
− Vacancy
−$1.8K −$0.75/SF
EGI
$30.8K $12.81/SF
− OpEx
−$4.6K −$1.92/SF
NOI
$26.1K $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%
$522,820
Cap Rate 7%
$373,443
Cap Rate 9%
$290,456
Alternative Uses
Best Use
Warehouse
$373.4K
$326.8K – $435.7K
NOI $26,141 @ 7.0% cap · market cap 3.49%
Second Best
Industrial
$307.5K
$269.1K – $358.8K
NOI $21,528 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$566.1K
$495.4K – $660.5K
NOI $39,629 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Open commercial layout includes offices, a restroom, and warehouse-oriented loading access.
Where is this flex space located?
The property is located at 5308 W Wall St Midland, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,400 SF flex property on 0.765 AC; Two 14’ overhead doors; Open floor plan with two offices and one restroom
