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    Midland Office/Industrial Opportunity Title is generated by Realmo AI

    3900 E Hwy 158, Midland, TX 79706

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    Claim this Listing
    For Sale
    $871,500

    SINGLE_FAMILY - Midland, TX

    Type:Office
    Property size:
    5,000 SF
    Lot size:
    1.07 Acres
    Price / SF:
    $174/SF
    Added:
    Jul 17, 2025
    Days on Market:
    319
    Last Refresh:
    May 31 at 2:06 pm

    Property Features for 3900 E Hwy 158

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Size
    5,000 SF
    Lot size
    1.07 Acres

    Taxes and HOA fees

    Tax Description
    Legal: Acres: 1.070, BLK: 001. LOT: 001, ADDN: C & M VILLARREAL ADDITION
    Tax Annual Amount
    8648

    Building Details

    Year built
    2015

    We can help!

    Listing Contact
    Thomas Johnston ABR /CNHS
    Thomas Johnston ABR /CNHS

    Listing agent Thomas Johnston ABR /CNHS License #542176

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

    Listing date Jul 17, 2025

    MLS# 50083859

    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.

    HighLights

    • High visibility location with 20,000‑25,000 vehicles per day (VPD)
    • Direct access to Highway 158 and proximity to I‑20
    • Large 5,000 sqft building suitable for various business types
    • Features 15 offices, including 2‑3 executive offices
    • Built in 2015
    • 1.07 acre lot

    Overview

    This highly visible property in Midland, Texas, offers approximately 5,000 square feet of space on a 1.07-acre lot. The property, formerly a state office, features 15 offices, including 2-3 executive offices, and 3 bathrooms. A safety office or flex space is also included. The property has a foyer and direct access to Highway 158, and it is located approximately one mile from I-20. It is on a water well and septic system. The location benefits from substantial drive-by traffic, with an estimated 20,000 to 25,000 vehicles per day. The property is suitable for various uses, including a trucking command center, doctor's office, dispatch office, or land surveying office.

    Local Financial Insights For Office B

    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 $96.0k $19.20
    − Vacancy −$15.4k −$3.07
    EGI $80.6k $16.13
    − OpEx −$20.2k −$4.03
    NOI $60.5k $12.10
    5,000 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $864.0K
    $756.0K – $1.01M (±1% cap)
    NOI $60,480 @ 7.0% cap · market cap 6.94%
    Second Best
    Healthcare Medical
    $847.0K
    $741.2K – $988.2K (±1% cap)
    NOI $59,292 @ 7.0% cap · market cap 6.80%
    Theoretical Best
    Office A
    $1.18M
    $1.03M – $1.38M (±1% cap)
    NOI $82,560 @ 7.0% cap · market cap 9.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Department Store Food Market Grocery & Convenience Store Storage Facility Clothing & Fashion Store Plumbing Service Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland
    County
    Midland
    State
    Texas
    Longitude
    -102.014094
    Latitude
    31.9753733

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    FAQs

    What type of property is this?
    Office units - Highly visible, versatile property suitable for various commercial uses.
    Where is this office units located?
    The property is located at 3900 E Hwy 158 Midland, TX.
    What is the asking price?
    The asking price for this property is $871,500.
    What are key features of this property?
    This property features: High visibility location with 20,000‑25,000 vehicles per day (VPD); Direct access to Highway 158 and proximity to I‑20; Large 5,000 sqft building suitable for various business types
    (512) 970-1610
    We can help!
    Listing Contact
    Thomas Johnston ABR /CNHS
    Thomas Johnston ABR /CNHS
    Real Estate License ID: 542176
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    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
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