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2003 W Wall St 3,411 SF 100% Leased Office Building Midland, TX 79701 $893,387 CAD ($261.91 CAD/SF) 6.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Flexible owner-user or investment opportunity with income potential on Midland’s W. Wall Street corridor.
- Creative mid-century office property offering adaptability, income, and long-term value.
- Occupy all or part of the building while leasing the balance to offset expenses and maximize ROI.
EXECUTIVE SUMMARY
Flexible Occupancy – Ideal for an owner-user to occupy all or part of the building, with the option to lease out remaining space to offset expenses and maximize ROI.
Diverse Tenant Mix – Currently home to a professional architectural firm and a local artist who uses the space for studio work, teaching, and gallery sales. Prime Corridor Location – Situated on W. Wall Street, one of Midland’s most desirable mixed-use corridors with strong visibility and accessibility. Creative Reuse Potential – Adaptable layout supports a variety of professional, creative, or service-oriented uses. Mid-Century Character – Originally constructed in 1958 with thoughtful updates while retaining vintage charm.
Value-Add Opportunity – Below-market rent structure provides room for rental rate growth and enhanced returns. Stable Cash Flow – Existing tenant base provides income while offering flexibility for repositioning or partial owner occupancy.
Diverse Tenant Mix – Currently home to a professional architectural firm and a local artist who uses the space for studio work, teaching, and gallery sales. Prime Corridor Location – Situated on W. Wall Street, one of Midland’s most desirable mixed-use corridors with strong visibility and accessibility. Creative Reuse Potential – Adaptable layout supports a variety of professional, creative, or service-oriented uses. Mid-Century Character – Originally constructed in 1958 with thoughtful updates while retaining vintage charm.
Value-Add Opportunity – Below-market rent structure provides room for rental rate growth and enhanced returns. Stable Cash Flow – Existing tenant base provides income while offering flexibility for repositioning or partial owner occupancy.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,411 SF
Building Class
C
Year Built/Renovated
1958/2018
Price
$893,387 CAD
Price Per SF
$261.91 CAD
Cap Rate
6.67%
NOI
$59,623 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
3,411 SF
Slab To Slab
8’
Building FAR
0.33
Lot Size
0.24 AC
Zoning
PDTD - Current use is professional office space.
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Art by Malm
- Arts, Entertainment, and Recreation
- 1,217 SF
- -
- Plus Utilities
- Aug 2026
- JSA Architects
- Professional, Scientific, and Technical Services
- 1,745 SF
- -
- Plus Utilities
- Apr 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Art by Malm | Arts, Entertainment, and Recreation | 1,217 SF | - | Plus Utilities | Aug 2026 | |
| JSA Architects | Professional, Scientific, and Technical Services | 1,745 SF | - | Plus Utilities | Apr 2026 |
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Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | R000052-311 | Improvements Assessment | $338,200 CAD |
| Land Assessment | $59,183 CAD | Total Assessment | $397,383 CAD |
PROPERTY TAXES
Parcel Number
R000052-311
Land Assessment
$59,183 CAD
Improvements Assessment
$338,200 CAD
Total Assessment
$397,383 CAD
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2003 W Wall St
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