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Multi-Building Industrial Flex Complex

3611 E Hwy 158 Midland, TX 79705

3611 E Hwy 158, Midland, TX, 79705
$3,200,000
For Sale
Claim this Listing
$3,200,000

COMMERCIAL - Midland, TX

Property Size28,921 SF
Lot Size4.50 Acres
Price / SF$110.65
AddedJun 8
Days on Market38
Last RefreshJul 15 at 1:06 am

Property Features for 3611 E Hwy 158

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
28,921 SF
Lot size
4.50 Acres

Taxes and HOA fees

Tax Description
Legal: Acres: 3.000, NE/4, SEC: 7, BLK: 38-T2S, Legal: Acres: 1.500, NE/4, SEC: 7, BLK: 38-T2S
Tax Annual Amount
19477

Building Details

Year built
2003

Listing agent Morgan Luce

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

Listing date Jun 8, 2026

MLS# 50095785

Copyright © 2026 Permian Basin 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.


Investment Insights

Based on property information with market context.

This multi-building industrial flex complex offers approximately 28,000 SF across 4.5 acres with a mix of shop space and office improvements. The property includes multiple shops with reception and conference rooms, break rooms, storage areas, and 6+ bathrooms. Operational features include 3-phase power and air lines, security fencing, a water well with a 1,500-gallon storage capacity, and abundant 110V outlets with 30-amp plugs. Loading includes multiple 12'–16' roll-up doors, along with (2) 5-ton cranes and an additional crane beam.

The site fronts Hwy 158 and is positioned for direct access with room for equipment and fleet parking. The configuration is intended to support owner-user and service-oriented uses, with space to support ongoing operations and expansion.

For buyers or tenants, the combination of shop-ready infrastructure, office and conference space, and crane capability makes the complex suitable for oilfield-related operations, fabrication, service work, logistics, or other owner-user industrial needs where both production and administrative functions are required. Seller is offering the property for sale or lease, providing flexibility for qualified operators seeking a functional industrial campus setting.

Key Highlights

  • Approx. 28,000 SF multi‑building industrial complex on 4.5 AC fronting Hwy 158 in Midland (year built 2003)
  • Multiple shops with office space including conference rooms, reception, break rooms, storage, and 6+ baths
  • 3‑phase power plus air lines, and extensive electrical capacity with abundant 110V outlets and 30‑amp plugs

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $392.2k $13.56
− Vacancy −$21.6k −$0.75
EGI $370.6k $12.81
− OpEx −$111.2k −$3.84
NOI $259.4k $8.97
28,921 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Warehouse
$4.50M
$3.94M – $5.25M (±1% cap)
NOI $315,010 @ 7.0% cap · market cap 9.84%
Second Best
Industrial
$3.71M
$3.24M – $4.32M (±1% cap)
NOI $259,420 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$6.82M
$5.97M – $7.96M (±1% cap)
NOI $477,544 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Grocery & Convenience Store Big Box & Wholesale Store Plumbing Service Auto Repair Shop Storage Facility Food Market Grocery & Convenience Store Building Supply Clothing & Fashion Store Department Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - Multi-building industrial flex complex with multiple roll-up doors, cranes, and office facilities for fabrication, service, or logistics.
Where is this flex space located?
The property is located at 3611 E Hwy 158 Midland, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Approx. 28,000 SF multi‑building industrial complex on 4.5 AC fronting Hwy 158 in Midland (year built 2003); Multiple shops with office space including conference rooms, reception, break rooms, storage, and 6+ baths; 3‑phase power plus air lines, and extensive electrical capacity with abundant 110V outlets and 30‑amp plugs
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