Industrial Facility with Multiple Roll-Up
For Sale
$1,900,000
3611 Hwy 158, Midland, TX 79705
COMMERCIAL - Midland, TX
Property Size16,273 SF
Lot Size3.00 Acres
Price / SF$116.76
Days on Market84
Property Features for 3611 Hwy 158
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
ME4
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
Legal Description
Legal: Acres: 3.000, NE/4, SEC: 7, BLK: 38-T2S
Building Details
Year built
2003
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Morgan Luce · License #0542176
(432) 270-5300
Added: Jun 8
Changed: Aug 4
Last Checked: Aug 30 at 1:06AM
MLS# 50095795
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 industrial facility for sale or lease includes an office component with seven offices, a reception area, two conference rooms, a break room, storage, and three restrooms. The main shop is equipped with (2) 12' roll-up doors, air lines, gas heat, abundant 110V power, and a 30-amp service.
Additional buildings on the property provide office and storage space, including a 14' motorized roll-up door, upper-level storage, and a 1-ton crane beam. There is also a separate shop featuring a 2.5-ton overhead crane, along with private water well and 1,500-gal storage.
The property is positioned for industrial, oilfield, or fabrication use and is offered with direct access from Highway 158. Call the listing agent for showing details.
Additional buildings on the property provide office and storage space, including a 14' motorized roll-up door, upper-level storage, and a 1-ton crane beam. There is also a separate shop featuring a 2.5-ton overhead crane, along with private water well and 1,500-gal storage.
The property is positioned for industrial, oilfield, or fabrication use and is offered with direct access from Highway 158. Call the listing agent for showing details.
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$145,968
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,919,360
$2.9M
Cap Rate 7%
$2,085,257
$2.1M
Cap Rate 9%
$1,621,867
$1.6M
Market Conditions
NOI Build-Up for 16,273 SF
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.
Gross rent
$220.7K $13.56/SF
− Vacancy
−$12.1K −$0.75/SF
EGI
$208.5K $12.81/SF
− OpEx
−$62.6K −$3.84/SF
NOI
$146.0K $8.97/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,919,360
Cap Rate 7%
$2,085,257
Cap Rate 9%
$1,621,867
Alternative Uses
Best Use
Industrial
$2.09M
$1.82M – $2.43M
NOI $145,968 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.84M
$3.36M – $4.48M
NOI $268,700 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 79705, TX
44,138
Population
20,021
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
91%
High-School Grad
79.4 sq mi
ZIP Area
556
Density / Sq Mi
$105,106
Median Household Income
$60,415
Median Earnings
$1,431
Median Rent
$329,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility on Highway 158 with 7 offices and multiple shops, including roll-up doors and crane capacity.
Where is this manufacturing property located?
The property is located at 3611 Hwy 158 Midland, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 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
