Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2315 Wall St Midland, TX 79701

    Sponsored
    For Sale
    Contact for pricing

    Prime 0.27-Acre Commercial Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    This exceptional 0.27-acre commercial land parcel presents a remarkable opportunity for development in the thriving city of Midland, Texas. Located at 2315 W. Wall Street, this property boasts a highly desirable location within Midland County, offering excellent visibility and accessibility. The address is precisely 2315 W Wall St, Midland, TX 79701, with GPS coordinates of 31.9922096 latitude and -102.1000688 longitude. This level, buildable lot is categorized as commercial land and presents a blank canvas for a variety of commercial ventures. Its size makes it ideal for smaller-scale developments, offering significant potential for return on investment. The property's location within Midland provides access to a robust local economy and a growing population, ensuring a strong foundation for future success. Serious inquiries are encouraged to explore the possibilities this prime commercial land parcel offers. The property is ready for immediate development, presenting a unique opportunity for investors and developers seeking a strategic location in a dynamic Texas market. Further details are available upon request. Contact us to discuss this exceptional investment opportunity.

    Property Features for 2315 Wall St

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Dub House, CCIM
    Dub House, CCIM

    Learn more

    Property Insight Report

    HighLights

    • 0.27‑acre commercial lot in Midland, TX, ideal for smaller‑scale development.
    • Located at 2315 W Wall St, Midland, TX 79701 (31.9922096, -102.1000688).
    • Level, buildable lot with excellent visibility and accessibility in a high‑demand area of Midland County.
    • Ready for immediate development, offering strong ROI potential in a robust local economy.
    • Prime location for investors and developers seeking a strategic position in the dynamic Midland market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1000688
    Latitude
    31.9922096

    Nearby Similar for Sale

    • $2,400,000
      8,254 SF

      Airbnb Tiny Homes and Barndominium

      Income-generating property with tiny homes, barndominium, and commercial building.
      4301 S County Road 1135, Midland, TX 79706
      View Details
    • $1,995,000
      11,246 SF

      Midland Office/Shop on 8.5 Acres

      Turnkey office/shop space with additional residential home near Midland.
      9009 W County Road 160, Midland, TX 79706
      View Details
    • $9,100,000
      78,400 SF

      Midland, TX Office Building

      78,400 SF office building on 1.58 acres.
      125 W Missouri Ave, Midland, TX 79701
      View Details
    • New
      $949,900
      7,128 SF

      Former Day Care For Sale

      Two large lots ideal for daycare, healthcare, or office space.
      1005 Austin St, Midland, TX 79703
      View Details
    • $5,500,000
      24,775 SF

      Downtown Midland Office Building

      Three-story office building in downtown Midland, Texas.
      200 W Illinois Ave, Midland, TX 79701
      View Details
    • $3,800,000
      30,396 SF

      Former Newspaper Building in Midland

      Expansive property with redevelopment potential in the heart of Midland.
      201 E Illinois Ave, Midland, TX 79701
      View Details
    • $1,450,000
      7,500 SF

      Midland Warehouse with Office Space

      Commercial warehouse with office on 3 acres in Midland.
      6707 S County Road 1065, Midland, TX 79706
      View Details
    • $875,000
      12,624 SF

      Self-Storage Facility with Residential Home

      Self-storage facility with residential home for sale in Midland, TX.
      5702 Hwy 349 S, Midland, TX 79706
      View Details
    • $1,860,000
      Pending

      Midland Industrial Property on 3 Acres

      Versatile industrial property in Midland's energy hub, ideal for expansion.
      1814 E County Road 120, Midland, TX 79706
      View Details
    • $1,860,000
      Pending

      Midland Industrial Property on 3 Acres

      Versatile industrial property in Midland's energy corridor on 3 acres.
      1814 E County Road 120, Midland, TX 79706
      View Details
    • $1,100,000
      6,866 SF

      Remodeled Multi-Unit Property Near Petroplex Hubs

      5.5-acre property with residential units and shop near Midland.
      9300 W County Road 60, Midland, TX 79706
      View Details
    • $1,900,000
      6,800 SF

      High-Visibility Commercial Property on Acre

      Versatile commercial property ideal for retail, office, or mixed-use.
      201 E Florida Ave, Midland, TX 79701
      View Details

    FAQs

    What type of property is this?
    Land - Prime 0.27-Acre Commercial Site
    Where is this land located?
    The property is located at 2315 Wall St Midland, TX.
    What are key features of this property?
    This property features: 0.27-acre commercial lot in Midland, TX, ideal for smaller-scale development.; Located at 2315 W Wall St, Midland, TX 79701 (31.9922096, -102.1000688).; Level, buildable lot with excellent visibility and accessibility in a high-demand area of Midland County.
    Request Owner's contact information
    2315 Wall St Midland, TX 79701
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2315 Wall St
    Midland, TX 79701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2315 Wall St Midland, TX 79701
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dub House, CCIM
    Dub House, CCIM
    Real Estate License ID: Texas 296610
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.