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    1306 Wall St Midland, TX 79701

    • Commercial real estate
    • 7,380 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-3613870
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Durham Travis / Architect
    • Dingus Investments / Gas Company

    Property Details for 1306 Wall St

    Year built
    1947
    Property size
    7,380 SF
    Property type
    Commercial real estate

    Description

    This charming, 7,380 square foot, two-story office building, constructed in 1947, is ideally situated on a 0.48-acre corner lot at the intersection of Wall Street and North G Street in downtown Midland, Texas. The property features eight individual suites, with 1,100 square feet currently vacant and available for lease. Each suite is filled with natural light and offers flexible use as either office space or multi-family residential units. The four ground-floor units are configured as one-bedroom, one-bathroom apartments, while the four upper units offer two bedrooms and two bathrooms. The complex includes a shared laundry facility, individual storage closets for each suite, and assigned covered parking for twelve vehicles. The property is located in Midland County, Texas, with the address being 1306 W Wall St, Midland, TX 79701. This presents a unique opportunity for a variety of uses in a highly desirable downtown location. The building's convenient location and attractive features make it an excellent investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.08868323182
    Latitude
    31.995753532504

    Comparable in this City

    • $17 SF/Yr
      189,215 SF

      Wall Towers Office Space Available

      Midland, TX Office Buildings - 16 Suites
      201 Wall St, Midland, TX 79701
      View Details
    • $20 SF/Yr
      1,453 SF

      Downtown Midland Office Space Available

      Two office towers in downtown Midland available for lease.
      201-203 W Wall St, Midland, TX 79701
      View Details
    • $20 SF/Yr
      6,885 SF

      Downtown Midland Office Sublease

      Office space in downtown Midland near amenities and attractions.
      500-550 W Texas Ave, Midland, TX 79701
      View Details
    • $18 SF/Yr
      329,078 SF

      Class A Office Tower

      Class A office space for lease in downtown Midland, TX.
      303 W Wall St, Midland, TX 79701
      View Details
    • $25 SF/Yr
      5,400 SF

      Rankin Hwy Office Space

      Midland, TX Office Suites Available
      1410 Rankin Hwy, Midland, TX 79701
      View Details
    • $19 SF/Yr
      77,868 SF

      Downtown Midland Office Space Available

      Five-story office tower in Midland's central business district.
      110 W Louisiana Ave, Midland, TX 79701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,365 SF

      Midland Office Space Available

      Office space for sale in Midland, Texas, 4365 square feet.
      303-310 W Wall St, Midland, TX 79701
      View Details
    • $2,500,000
      5,166 SF

      Midland Office Building For Sale

      Free-standing office building near Downtown Midland, suitable for small company.
      1801-1805 W Wall St, Midland, TX 79701
      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
    • New
      $365,000
      3.44 Acres

      Prime Midland Land Parcel Available

      3.44 acre commercial land parcel in Midland, Texas.
      1600 E Taylor Ave, Midland, TX 79701
      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
    • New
      $365,000
      3.44 Acres

      Prime Midland Land Parcel

      3.44 acre parcel near I-20, suitable for various uses.
      1600 E Taylor Ave, Midland, TX 79701
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      189,215 SF

      Wall Towers Office Space Available

      Midland, TX Office Buildings - 16 Suites
      201 Wall St, Midland, TX 79701
      View Details
    • $20 SF/Yr
      1,453 SF

      Downtown Midland Office Space Available

      Two office towers in downtown Midland available for lease.
      201-203 W Wall St, Midland, TX 79701
      View Details
    • $25 SF/Yr
      5,400 SF

      Rankin Hwy Office Space

      Midland, TX Office Suites Available
      1410 Rankin Hwy, Midland, TX 79701
      View Details
    • $19 SF/Yr
      77,868 SF

      Downtown Midland Office Space Available

      Five-story office tower in Midland's central business district.
      110 W Louisiana Ave, Midland, TX 79701
      View Details
    • $21 SF/Yr
      9,157 SF

      Downtown Midland Office Space Available

      Prime office building in Midland's Downtown Business District.
      600 N Marienfeld St, Midland, TX 79701
      View Details
    • $20 SF/Yr
      6,885 SF

      Downtown Midland Office Sublease

      Office space in downtown Midland near amenities and attractions.
      500-550 W Texas Ave, Midland, TX 79701
      View Details
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    1306 Wall St
    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
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