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    201 Wall St Midland, TX 79701

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    For Lease
    Contact for pricing

    Midland, TX Office Buildings - 16 Suites

    Lot size:
    189,215 SF

    Property Features for 201 Wall St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    189,215 SF
    Class
    B
    Total Rate
    268054.58

    Building Details

    Year Built
    2018
    Buildings
    2
    Stories
    11

    Spaces For Lease

    at 201 Wall St, Midland, TX 79701 Contact us
    Unit 3rd Floor - Suite West 330

    $18 /Mo

    Size
    1,453 SF
    Contact us
    Unit 5th Floor - Suite West 524

    $19 /Mo

    Size
    2,557 SF
    Contact us
    Unit 3rd Floor - Suite West 309

    $19 /Mo

    Size
    1,629 SF
    Contact us
    Unit 3rd Floor - Suite East 345

    $17 /Mo

    Size
    521 SF
    Contact us
    Unit 10 Floor - Suite West 1004

    $19 /Mo

    Size
    1,056 SF
    Contact us
    Unit 10th Floor - Suite West 1002

    $21 /Mo

    Size
    1,531 SF
    Contact us
    Unit 6th Floor - Suite West 601

    $18 /Mo

    Size
    2,970 SF
    Contact us
    Unit 8th Floor - Suite West 808

    $20 /Mo

    Size
    5,616 SF
    Contact us
    Unit 4th Floor - Suite East 400

    $19 /Mo

    Size
    1,857 SF
    Contact us
    Unit 9th Floor - Suite West 920

    $18 /Mo

    Size
    2,652 SF
    Contact us
    Unit 8th Floor - Suite East 804

    $20 /Mo

    Size
    2,322 SF
    Contact us
    Unit 4th Floor - Suite East 403

    $19 /Mo

    Size
    3,908 SF
    Contact us
    Unit 5th Floor - Suite East 517

    $17 /Mo

    Size
    810 SF
    Contact us
    Unit 5th Floor - Suite East 530

    $18 /Mo

    Size
    2,181 SF
    Contact us
    Unit 10th Floor - Suite West 1006

    $19 /Mo

    Size
    1,801 SF
    Contact us
    Unit 5th Floor - Suite East 515

    $17 /Mo

    Size
    810 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Wes Gotcher
    Wes Gotcher

    Listing Agency: Moriah Real Estate Company, LLC Listing Agent: Wes Gotcher

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents two prominent office buildings, the East and West Wall Towers, located in vibrant Downtown Midland, Texas. The property encompasses a total of 189,215 square feet across two buildings, offering a range of suite sizes from a minimum of 163 square feet to a maximum contiguous space of 7,545 square feet. Currently, 20,734 square feet are available for lease across 16 individual suites. The East Tower, a 9-story building (66,000 square feet), was constructed in 1963, while the West Tower, a 12-story building (123,215 square feet), was built in 1968. Both buildings are classified as Class B and sit on a 0.55-acre lot. The property's convenient downtown location offers easy access to Centennial Park, Pi Social, Opal's Table, and Cancun Bar and Grill. The property is zoned C1 and features Midland County APN numbers R000035-375 and R000035-376. The address is 201 W Wall St, Midland, TX 79701. This multi-tenant property offers a unique blend of history and modern convenience in a thriving Texas city. The buildings boast a total of 12 suites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midland ABM Office Landscaping The Good Good Juice ... Specialty Food Shop K. Renae Salon Hair Salon Wall Street Country ... Corporate Office Ted W. Walters ... Business To Business Service

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Law Firm Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.07589567178
    Latitude
    31.997455666365

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    FAQs

    What type of property is this?
    Office property - Midland, TX Office Buildings - 16 Suites
    Where is this office property located?
    The property is located at 201 Wall St Midland, TX.
    What is the lease rate?
    The lease rate is $17-$21 SF/Yr.
    What are key features of this property?
    This property features: 9-story, 66,000 SF East Tower built in 1963.; 12-story, 123,513 SF West Tower built in 1968.;
    (432) 682-2510 Call to check price and availability
    Request Owner's contact information
    201 Wall St Midland, TX 79701
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    Midland, TX 79701
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    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
    201 Wall St Midland, TX 79701
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Wes Gotcher
    Wes Gotcher
    (432) 682-2510 (432) 853-9783
    Learn more
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