Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Hwy 158 Gardendale, TX 79758

    View on Map
    For Sale
    $772,500

    LAND - Gardendale, TX

    Lot size:
    10.30 Acres
    Added:
    Nov 12, 2025
    Days on Market:
    140
    Last Refresh:
    Apr 1 at 7:06 am

    Property Features for Hwy 158

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    R000008287
    Lot size
    10.30 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    0

    We can help!

    Listing Contact
    Thomas Johnston
    Thomas Johnston

    Listing agent Thomas Johnston License #0542176

    Listing office The Real Estate Ranch LLC 6 Desta Drive Suite 1260, Midland, TX

    Listing date Nov 12, 2025

    MLS# 164363

    Copyright © 2026 Odessa Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Gardendale, Texas

    Located in Gardendale, Texas, equally north of Midland and Odessa, this land sits on the county line of Ector, Midland, and Andrews, with all tracts located inside Midland County. The area is known for its water resources and industrial yards, providing access to the Northern Permian Basin, Western Texas, and New Mexico. Tract sizes range from 2.5 acres to 12 acres, with 5 lots featuring frontage on Hwy 158 and 4 lots fronting CR 30, also known as Goldenrod. The property, totaling 10.3 acres, offers minimal restrictions to allow for maximum uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gardendale
    County
    Ector
    State
    Texas
    Longitude
    -102.384138
    Latitude
    32.03458

    Nearby Similar for Sale

    • $675,000

      Land in Gardendale, Texas

      Land for sale in Gardendale, TX with highway frontage.
      Hwy 158, Gardendale, TX 79758
      View Details
    • $675,000

      Gardendale TX Commercial Land

      Commercial land for sale in Gardendale, TX with highway frontage.
      Hwy 158, Gardendale, TX 79758
      View Details
    • $802,500

      Gardendale TX Land For Sale

      Land in Gardendale TX with great water and industrial potential.
      Hwy 158, Gardendale, TX 79758
      View Details
    • $952,500

      Gardendale TX Commercial Land

      Commercial land for sale in Gardendale, TX, near Midland/Odessa.
      Hwy 158, Gardendale, TX 79758
      View Details
    • $802,500

      Gardendale TX Commercial Land Available

      Commercial land in Gardendale, TX, with great water access.
      Hwy 158, Gardendale, TX 79758
      View Details
    • $952,800

      Land in Gardendale, Texas

      Land available in Gardendale, TX, with great water access.
      Hwy 158, Gardendale, TX 79758
      View Details
    • $772,500

      Land For Sale in Gardendale

      Land in Gardendale TX, great water, access to Permian Basin.
      Hwy 158, Gardendale, TX 79758
      View Details
    • $834,780

      Gardendale Land for Development

      19.84 acres in Gardendale, TX, suitable for multiple uses.
      Goldenrod Dr, Gardendale, TX 79758
      View Details
    • $2,900,000

      Gardendale Commercial Multi-Use Acreage

      Prime commercial location with multiple shops and residential capacity.
      9130 E Goldenrod Dr, Gardendale, TX 79758
      View Details
    • $501,480

      11.94 Acres in Gardendale, TX

      Development-ready 11.94-acre tract in a high-growth Midland County corridor.
      15225 N Pecan Ave, Gardendale, TX 79758
      View Details
    • $172,000

      Gardendale, TX 4.939-Acre Tract

      4.939-acre tract in Gardendale, TX, with development potential.
      5586 E Hwy 158, Gardendale, TX 79758
      View Details
    • $949,900
      5,319 SF

      Gardendale Triplex Community For Sale

      Standalone triplex community with three recently built townhomes.
      9310 Arboledas Dr unit: A, B, C, Gardendale, TX 79758
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land for sale in Gardendale, TX with highway frontage.
    Where is this commercial land located?
    The property is located at Hwy 158 Gardendale, TX.
    What is the asking price?
    The asking price for this property is $772,500.
    What are key features of this property?
    This property features: Strategic location north of Midland & Odessa with easy access.; Known for great water resources.; Suitable for industrial yards of various sizes.
    (432) 688-8200
    We can help!
    Listing Contact
    Thomas Johnston
    Thomas Johnston
    Real Estate License ID: 0542176
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!