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    3205 Wall St Midland, TX 79701

    For Sale
    $5,530,000

    Midland, TX Storefront Opportunity

    Property size:
    38,164 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 38,164-square-foot retail property, situated on a 5.38-acre lot in Midland, Texas, presents a compelling investment opportunity. Located on West Wall Street, this prime location boasts approximately 620 feet of frontage and benefits from high traffic counts, averaging 14,841 vehicles daily, according to the 2022 TxDOT Annual Average Daily Traffic report. The property comprises four buildings, offering flexibility for various development scenarios, including potential subdivision and separate leasing. Currently occupied by Sewell Automotive under a lease expiring January 31, 2027, the tenant has indicated they will not renew. The current lease generates a monthly net rent of $30,000. The property is zoned RR & C, permitting a wide range of uses, including auto sales, restaurants, car washes, and more. City utilities, police and fire protection are readily available. The asking price is $5,530,000, translating to $144.90 per square foot. This property is outside of any designated flood-prone areas and offers significant potential for future income generation and appreciation. The property's size, location, and zoning flexibility make it an ideal investment for discerning buyers seeking a high-traffic, versatile commercial asset in a thriving Texas market.

    Property Features for 3205 Wall St

    General Information

    Property type
    Individual retail properties
    Square Feet
    38,164 SF
    Lot Size
    234,353 SF

    Building Details

    Year Built
    1958
    Buildings
    4

    HighLights

    • High‑traffic auto sales and service facility.
    • Located within city limits with access to city utilities, police, fire protection, and outside flood plain.
    • Zoned RR & C, allowing for diverse uses including auto sales, restaurants, and more.
    • +/- 620 feet of frontage on W. Wall Street.
    • High traffic count of approximately 14,841 average daily vehicles (2022 data).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Building Supply 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
    -102.1075729
    Latitude
    31.9838748

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    FAQs

    What type of property is this?
    Individual retail property - Midland, TX Storefront Opportunity
    Where is this individual retail property located?
    The property is located at 3205 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 auto sales and service facility.; Located within city limits with access to city utilities, police, fire protection, and outside flood plain.; Zoned RR & C, allowing for diverse uses including auto sales, restaurants, and more.
    Request Owner's contact information
    3205 Wall St Midland, TX 79701
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    Midland, TX 79701
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    Realmo Value Estimation

    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.

    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.

    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
    3205 Wall St Midland, TX 79701
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