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    Property profile & analytics

    3705 Wall St Midland, TX 79701

    • Retail space
    • 39,467 SF
    • 5.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-0259953
    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

    • GraphX & Wraps LLC / Graphic Designer / Vehicle Wrapping Service
    • Classic Honda of Midland / Car Finance And Loan Company / Car Leasing Service
    • Honda Parts Center / Car Accessories Store / Truck Accessories Store
    • Honda Service Center / Auto Tune Up Service / Tire Shop

    Property Details for 3705 Wall St

    Lot size
    5.00 lot acres
    Property size
    39,467 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    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
    -102.11388072914
    Latitude
    31.977956971753

    Comparable in this City

    • $2,250,000
      30,625 SF

      Midland, TX Industrial Property

      30,625 SF Flex/Warehouse, 3.46 Acres
      3301 Bankhead Hwy, Midland, TX 79701
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    • $2,300,000
      27,000 SF

      Midland Warehouse: Prime Location

      27,000 SF Warehouse, Downtown Midland
      305 Texas Ave, Midland, TX 79701
      View Details
    • $1,500,000
      10,250 SF

      Midland Industrial Property - $1.5M

      10,250 SF Manufacturing/Warehouse, Vacant
      1902 Clark St, Midland, TX 79701
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    • Contact for pricing
      6,500 SF

      Midland TX Industrial Flex Space

      6,500 SF Flex/Warehouse, Vacant
      700 Fairgrounds Rd, Midland, TX 79701
      View Details
    • Contact for pricing
      1,500 SF

      Midland Retail Redevelopment Opportunity

      High-traffic location, prime for redevelopment.
      2301 Wall St, Midland, TX 79701
      View Details
    • $5,530,000
      38,164 SF

      Wall Street Retail Investment

      Midland, TX Storefront Opportunity
      3205 Wall St, Midland, TX 79701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,500 SF

      Midland TX Industrial Flex Space

      6,500 SF Flex/Warehouse, Vacant
      700 Fairgrounds Rd, Midland, TX 79701
      View Details
    • $1,500,000
      10,250 SF

      Midland Industrial Property - $1.5M

      10,250 SF Manufacturing/Warehouse, Vacant
      1902 Clark St, Midland, TX 79701
      View Details
    • $2,250,000
      30,625 SF

      Midland, TX Industrial Property

      30,625 SF Flex/Warehouse, 3.46 Acres
      3301 Bankhead Hwy, Midland, TX 79701
      View Details
    • $2,300,000
      27,000 SF

      Midland Warehouse: Prime Location

      27,000 SF Warehouse, Downtown Midland
      305 Texas Ave, Midland, TX 79701
      View Details
    • Contact for pricing
      1,500 SF

      Midland Retail Redevelopment Opportunity

      High-traffic location, prime for redevelopment.
      2301 Wall St, Midland, TX 79701
      View Details
    • $5,530,000
      38,164 SF

      Wall Street Retail Investment

      Midland, TX Storefront Opportunity
      3205 Wall St, Midland, TX 79701
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1,770 SF

      Retail Space on Wall Street

      1,770 SF retail space with high visibility in Midland.
      2816 W Wall St, Midland, TX 79701
      View Details
    • $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
      View Details
    • $9,000 /Mo
      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
      View Details
    • $4 SF/Yr
      4,500 SF

      Industrial Property with Dock High

      Industrial spaces with dock high doors, 1,800 to 4,500 SF.
      2703 W Industrial Ave, 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
      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
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    3705 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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