Retail-Industrial Opportunity Near Downtown

3205 W Wall St, Midland, TX 79701

View on Map

For Sale

Contact for pricing

38,164 SF retail-industrial property on 5.38 acres for sale.

Type:Retail

Property size:

38,164 SF

Lot size:

5.38 Acres

Price / SF:

$144/SF

HighLights

High‑traffic location with 14,841 vehicles per day.
Significant square footage: 38,164 SF under roof on 5.38 acres.
Income‑producing property: Current tenant pays $30,000/month, NNN.
Prime location near Downtown Midland with easy highway access.
Unique investment opportunity: Ability to divide the property and lease separately due to 4 buildings on site.
Future vacancy: Sewell Automotive lease expires January 31, 2027, creating redevelopment or new tenant opportunity.

We can help!

Listing Contact

Trey Dennis

For Sale

Contact for pricing

38,164 SF retail-industrial property on 5.38 acres for sale.

Type:Retail

Property size:

38,164 SF

Lot size:

5.38 Acres

Price / SF:

$144/SF

Added:: Aug 27, 2024
Days on Market:: 652
Last Refresh:: May 12 at 9:40 pm

Property Features for 3205 W Wall St

General Information

Standard status: Active
Size: 38,164 SF
Lot size: 5.38 Acres
Property subtype: Retail

Building Details

Year Built: 1958

We can help!

Listing Contact

Trey Dennis

Listing agent Trey Dennis License #TX 723150

Listing office Moriah Real Estate Company, LLC

Listing date Aug 27, 2024

Source Crexi

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 Moriah Real Estate Company, LLC

HighLights

High‑traffic location with 14,841 vehicles per day.
Significant square footage: 38,164 SF under roof on 5.38 acres.
Income‑producing property: Current tenant pays $30,000/month, NNN.
Prime location near Downtown Midland with easy highway access.
Unique investment opportunity: Ability to divide the property and lease separately due to 4 buildings on site.
Future vacancy: Sewell Automotive lease expires January 31, 2027, creating redevelopment or new tenant opportunity.

Overview

This retail-industrial property is located near Downtown Midland on Wall Street, offering convenient highway access. The location benefits from high traffic, with 14,841 vehicles passing daily, according to TxDOT's Annual Average Daily Traffic report. The property includes 38,164 square feet of space under roof, situated on 5.38 acres. It comprises four buildings, presenting an opportunity for an investor to divide the property and lease them separately. The current tenant, Sewell Automotive, has a lease expiring on January 31, 2027, and has indicated they will not be renewing and will be relocating. The tenant's current rent is $30,000.00 per month, NNN.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$572.5k	$15.00
− Vacancy	−$40.1k	−$1.05
EGI	$532.4k	$13.95
− OpEx	−$159.7k	−$4.19
NOI	$372.7k	$9.76

38,164 SF · lease $15.00/SF/yr · vacancy 7.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$5.32M

$4.66M – $6.21M (±1% cap)

NOI $372,671 @ 7.0% cap · market cap 6.74%

Second Best

Industrial

$4.89M

$4.28M – $5.71M (±1% cap)

NOI $342,329 @ 7.0% cap · market cap 6.19%

Theoretical Best

Office A

$9.00M

$7.88M – $10.50M (±1% cap)

NOI $630,164 @ 7.0% cap · market cap 11.40%

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

Property Profile Location Intelligence

Current Use by Public Records

Sewell Buick GMC ... Car Dealership Sewell Cadillac Service ... Auto Repair Shop Sewell Cadillac of Midland Car Dealership EV Connect Charging ... Electric Vehicle Charging Station

Suggested Use

Location Insight

Map
Local Demand

City: Midland
County: Midland
State: Texas
Longitude: -102.1076792
Latitude: 31.9838702

Nearby Similar for Sale

$871,500

5,000 SF

Highly Visible Midland Office Building

Former state office with high visibility and traffic.

3900 E Hwy 158, Midland, TX 79706

View Details
$2,200,000

22,000 SF

Spacious Midland Flex/Industrial Property

22,000 SF flex/industrial building on 5 acres in Midland.

11610 W County Rd 40, Midland, TX 79707

View Details
$2,150,000

14,600 SF

Midland Commercial Property on 2.85 Acres

2.85 acres with frontage on Wall St. and BankHead Highway.

3915 W Wall St, Midland, TX 79701

View Details
$799,900

1,830 SF

Midland Commercial Property on Corner

Commercial property on high-traffic corner lot in Midland, Texas.

2800 W Wall St, Midland, TX 79701

View Details
$3,200,000

28,921 SF

Multi-Building Industrial Flex Complex

Multi-building industrial complex with office support, cranes, and multiple roll-up doors on Highway 158.

3611 E Hwy 158, Midland, TX 79705

View Details
$450,000

3,200 SF

Midland Commercial Property For Sale

3,200 SF commercial building with office and gated yard.

1609 E Taylor, Midland, TX 79701

View Details
$1,149,000

5,000 SF

Premium Office and Warehouse Space

High-quality 5000 sqft office and warehouse with recent construction.

3010 S County Rd 1250, Midland, TX 79706

View Details
$675,000

4,656 SF

Versatile Building Near Downtown Midland

Adaptable 4,656 SF building suitable for various purposes.

405-407 N Terrell St, Midland, TX 79701

View Details
$1,270,000

660 SF

Retail Site in Growing Corridor

2-acre site with 660 SF building in Midland, TX.

6213 FM 307, Midland, TX 79706

View Details
$2,500,000

5,500 SF

Multi-Use Property in Midland, TX

New construction, multi-use property with commercial and residential potential.

5801 E Loop 250, Midland, TX 79706

View Details
$1,200,000

6,250 SF

Midland Shop/Office Combo on Acres

6250 SF shop/office combo on ~5 acres in Midland, TX.

9807 FM 307, Midland, TX 79706

View Details
$1,400,000

8,386 SF

Downtown Midland Office Building For Sale

Two-story, 8,386 SF office building in downtown Midland, TX.

213 N Main St, Midland, TX 79701

View Details

For sale
Retail properties & Spaces
TX
Midland
79701
3205 W Wall St

What type of property is this?

Retail property - 38,164 SF retail-industrial property on 5.38 acres for sale.

Where is this retail property located?

The property is located at 3205 W Wall St Midland, TX.

What is the asking price?

The asking price for this property is $5,530,000.

What are key features of this property?

This property features: High‑traffic location with 14,841 vehicles per day.; Significant square footage: 38,164 SF under roof on 5.38 acres.; Income‑producing property: Current tenant pays $30,000/month, NNN.