Medical Office Investment
For Sale
Contact for pricing
5801 W Wadley Ave, Midland, TX 79707
Single tenant medical property in Midland, Texas for sale.
Property Size5,765 SF
Price / SF$294.88
Days on Market226
Property Features for 5801 W Wadley Ave
General Information
Standard status
Active
Size
5,765 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$133,865
Building Details
Year Built
2003
Year Renovated
2009
Tenancy
Single
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Deno Bistolarides · License #6502378067
(248) 702-0288
Source:
Crexi
Added: Feb 23
Changed: Oct 6
Last Checked: Oct 7 at 12:54PM
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
The property, known as PEDI MED CENTER, is located at 5801 W Wadley Ave, Midland, TX 79707. This single-tenant medical property offers an investment opportunity in the Permian Basin. The property features a modern design and functional layout suitable for medical practices. The location offers high visibility and accessibility. The property is suitable for investors seeking a reliable income stream. The property size is 5765 square feet.
Key Highlights
- Single tenant medical property, providing a stable and reliable income stream.
- Located in Midland, TX, in the heart of the Permian Basin's economic hub.
- High visibility and accessibility due to its strategic address on W Wadley Ave.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,733
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,660
$1.4M
Cap Rate 7%
$996,186
$996.2K
Cap Rate 9%
$774,811
$774.8K
Market Conditions
NOI Build-Up for 5,765 SF
Gross rent
$110.7K $19.20/SF
− Vacancy
−$17.7K −$3.07/SF
EGI
$93.0K $16.13/SF
− OpEx
−$23.2K −$4.03/SF
NOI
$69.7K $12.10/SF
Area
Midland, TX
Vacancy
16.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,660
Cap Rate 7%
$996,186
Cap Rate 9%
$774,811
Alternative Uses
Best Use
Office B
$996.2K
$871.7K – $1.16M
NOI $69,733 @ 7.0% cap · market cap 4.10%
Second Best
Healthcare Medical
$976.6K
$854.6K – $1.14M
NOI $68,364 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,192 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79707, TX
37,632
Population
16,654
Households
2.3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
530
Density / Sq Mi
$99,979
Median Household Income
$58,351
Median Earnings
$1,383
Median Rent
$382,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single tenant medical property in Midland, Texas for sale.
Where is this medical office space located?
The property is located at 5801 W Wadley Ave Midland, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Single tenant medical property, providing a stable and reliable income stream.; Located in Midland, TX, in the heart of the Permian Basin's economic hub.; High visibility and accessibility due to its strategic address on W Wadley Ave.
