3611 E Hwy 158 Midland, TX 79705
COMMERCIAL - Midland, TX
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 (432) 270-5300
Listing office The Real Estate Ranch LLC 6 Desta Drive Suite 1260, Midland, TX (432) 688-8200
Listing date Jun 8, 2026
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.
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 |