3611 Hwy 158 Midland, TX 79705
COMMERCIAL - Midland, TX
Property Features for 3611 Hwy 158
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 16,273 SF
- Lot size
- 3.00 Acres
Taxes and HOA fees
- Tax Description
- Legal: Acres: 3.000, NE/4, SEC: 7, BLK: 38-T2S
- Tax Annual Amount
- 7555
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.
Additional improvements include office and storage space, a 14' motorized roll-up door, upper-level storage, and a 1-ton crane beam. There is also a separate shop with a 2.5-ton overhead crane. The site includes a private water well with a 1,500-gallon storage tank and is described as offering excellent access for industrial, oilfield, or fabrication users.
For tenants and buyers seeking an industrial setup with built-in workplace space and material-handling capability, the combination of roll-up access, office infrastructure, and crane support can support a range of fabrication or related uses. The presence of multiple shops and varied door sizes can help accommodate different workflows while keeping administrative space on site. Showings are available by calling the listing agent.
Key Highlights
- Approx. 16,000 SF industrial facility built in 2003 on Hwy 158 in Midland
- Main shop features (2) 12' roll‑up doors, air lines, gas heat, abundant 110V power, and 30‑amp service
- Office amenities include 7 offices, reception area, 2 conference rooms, break room, and 3 restrooms
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 | $220.7k | $13.56 |
| − Vacancy | −$12.1k | −$0.75 |
| EGI | $208.5k | $12.81 |
| − OpEx | −$62.6k | −$3.84 |
| NOI | $146.0k | $8.97 |