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2003 W Wall St 3,411 SF 100% Leased Office Building Midland, TX 79701 $639,999 ($187.63/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
$639,999
Price Per SF
$187.63
Cap Rate
6.67%
NOI
$42,712
Percent Leased
100%
Tenancy
Multiple
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 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste B
- 1,887 SF
- Office
- -
- May 2026
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste B | 1,887 SF | Office | - | May 2026 |
1st Fl-Ste B
| Size |
| 1,887 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| May 2026 |
1 1
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | R000052-311 | Improvements Assessment | $240,010 |
| Land Assessment | $42,000 | Total Assessment | $282,010 |
Property Taxes
Parcel Number
R000052-311
Land Assessment
$42,000
Improvements Assessment
$240,010
Total Assessment
$282,010
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2003 W Wall St
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