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    3205 W Wall St Midland, TX 79701
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    3205 W Wall St Midland, TX 79701

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    • Retail properties & Spaces
    • 38,164 SF
    For Sale
    $5,530,000
    View Listing →
    Retail-Industrial Opportunity Near Downtown For Sale
    $5,530,000
    38,164 SF

    Retail-Industrial Opportunity Near Downtown

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

    3205 W Wall St, Midland, TX 79701
    View Listing
    Property ID
    US82-2942880
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

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

    Property Details for 3205 W Wall St

    Year built
    1958
    Property size
    38,164 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Industrial properties

    Description

    Prime Retail-Industrial opportunity near Downtown Midland on Wall Street with quick and easy highway access. 14,841 vehicles drive past this signature property daily - according to TxDOT's Annual Average Daily Traffic report. 38,164 SF under roof on 5.38 Acres. With 4 buildings on site, the property offers any investor a unique opportunity to divide the property and lease separate. The current Tenant, Sewell Automotive, has a lease that expires on January 31, 2027 and communicated they do not intend to renew their lease and will be relocating. The Tenant pays $30,000.00/month, NNN.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.1076792
    Latitude
    31.9838702

    Comparable in this City

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      2.65 Acres

      High-Traffic Commercial Land Opportunity

      2.65 acres with high visibility, ideal for redevelopment.
      3301 W I-20, Midland, TX 79701
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      3,099 SF

      Retail Site with Existing Building

      1.03 acre site with 3,099 SF building for sale.
      702 Andrews Hwy, Midland, TX 79701
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    • $425,000
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      Midland Retail Space - Prime Location

      Downtown Midland retail space, ample parking.
      1605 Big Spring St, Midland, TX 79701
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      Commercial Land Redevelopment Opportunity

      4.95-acre commercial land with redevelopment potential in south Midland.
      1707 W Francis Ave, Midland, TX 79701
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      4 SF

      Retail Redevelopment Opportunity in Midland

      Large retail redevelopment site at a high-traffic Midland intersection.
      2301 W Wall St, Midland, TX 79701
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      510 SF

      New 7 Brew Drive-Thru

      New construction 7 Brew drive-thru with a long-term NNN lease.
      2201 W Texas Ave, Midland, TX 79701
      View Details

    Similar Nearby for Sale

    • $1,100,000
      2.65 Acres

      High-Traffic Commercial Land Opportunity

      2.65 acres with high visibility, ideal for redevelopment.
      3301 W I-20, Midland, TX 79701
      View Details
    • Contact for pricing
      3,099 SF

      Retail Site with Existing Building

      1.03 acre site with 3,099 SF building for sale.
      702 Andrews Hwy, Midland, TX 79701
      View Details
    • $425,000
      2,008 SF

      Midland Retail Space - Prime Location

      Downtown Midland retail space, ample parking.
      1605 Big Spring St, Midland, TX 79701
      View Details
    • Contact for pricing

      Commercial Land Redevelopment Opportunity

      4.95-acre commercial land with redevelopment potential in south Midland.
      1707 W Francis Ave, Midland, TX 79701
      View Details
    • Contact for pricing
      4 SF

      Retail Redevelopment Opportunity in Midland

      Large retail redevelopment site at a high-traffic Midland intersection.
      2301 W Wall St, Midland, TX 79701
      View Details
    • Contact for pricing
      510 SF

      New 7 Brew Drive-Thru

      New construction 7 Brew drive-thru with a long-term NNN lease.
      2201 W Texas Ave, Midland, TX 79701
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Midland Retail Center Redevelopment

      Prime Midland Retail Space Available
      2301 Wall St, Midland, TX 79701
      View Details
    • $1.00 SF/Yr
      4,800 SF

      Flex Space with Office/Warehouse

      4,800 SF flex space featuring office and warehouse components.
      311 E Illinois Ave, Midland, TX 79701
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      8,100 SF

      Industrial Facility with Secured Yard

      8,100 SF industrial facility with 2.49 acre secured yard.
      3430 W Gist Ave, Midland, TX 79701
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    • $17 SF/Yr
      11,250 SF

      Office/Warehouse with Crane and Wash

      11,250 SF office/warehouse with crane, wash bay, and fenced yard.
      1160 Community Ln, Midland, TX 79701
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    • Contact for pricing

      Freestanding Office Building For Lease

      Freestanding office building with secured yard on West I-20.
      3305 I-20, Midland, TX 79701
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    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 1,200 SqFt in Midland, TX.
      3205 W Cuthbert Ave, Midland, TX 79701
      View Details
    View Listing
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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
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