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26928733
26928734

2003 W Wall St, Midland, TX 79701 For Sale

BS
TX TX 592140
The Sales Team Realtors
Listed by The Sales Team Realtors
$639,999
309 days on market
Updated 5 days ago

2003 W Wall St

Details
APN R000052311
Property Type Office
Sub Type Creative Office, Medical Office (+1)
Square Footage 3,411
Net Rentable (SqFt) 2,990
Units 2
Cap Rate 6.67%
NOI $42,712
Occupancy 100%
Tenancy Multi
Lease Type Modified
Remaining Term 1
Broker Co-Op Yes
Class C
Year Built 1958
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.241
Zoning PD
Investment Type Owner/User
Ownership Argolis Properties LLC

Creative mid-century office property offering adaptability, income, and long-term value

Marketing description

This distinctive mid-century office building, originally constructed in 1958, has a long history of professional and creative use — from dental practice to architectural office to artist studio. Positioned along Midland’s highly desirable W. Wall Street mixed-use corridor, the property is currently divided into two suites. One is occupied by a local architectural firm, while the other is home to a well-known artist who uses the space for painting, teaching classes, and gallery sales. While much of the building retains its original character, thoughtful updates over the years have preserved both functionality and appeal.

With its adaptable layout, the property offers strong flexibility for a new owner — whether occupying the entire building, establishing a business presence in one suite while leasing the other to offset expenses, or continuing as a two-tenant investment. Combined with below-market rents and proven tenant demand in the area, this asset represents a compelling Class C value-add opportunity for investors or owner-users seeking steady cash flow, creative reuse potential, and the ability to maximize ROI.

Investment highlights

  1. 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.

  2. 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.

  3. Prime Corridor Location – Situated on W. Wall Street, one of Midland’s most desirable mixed-use corridors with strong visibility and accessibility.

  4. Creative Reuse Potential – Adaptable layout supports a variety of professional, creative, or service-oriented uses.

  5. Mid-Century Character – Originally constructed in 1958 with thoughtful updates while retaining vintage charm.

  6. Value-Add Opportunity – Rent structure provides room for rental rate growth and enhanced returns.

  7. Stable Cash Flow – Existing tenant base provides income while offering flexibility for repositioning or partial owner occupancy.

Listing Contacts

BS
TX TX 592140
The Sales Team Realtors
Listed by The Sales Team Realtors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,712.00
$3,559.33/mo

Valuation Metrics

0
DSCR
6.67%
Cap Rate
6.67%
ROI

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Additional Information

Name
Brian Sales
License
TX 592140
Brokerage
The Sales Team Realtors
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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