Multi-Building Industrial
For Sale
$3,200,000
3611 E Hwy 158, Midland, TX 79705
Multi-building industrial complex with roll-up doors, shops, offices, and crane capacity on 4.5 acres off Hwy 158.
Property Size28,921 SF
Lot Size4.50 Acres
Price / SF$110.65
Days on Market95
Property Features for 3611 E Hwy 158
General Information
Standard status
Active
Size
28,921 SF
Lot size
4.50 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Heavy Power
Yes
Amenities
conference rms
reception areas
break rms
Building Details
Year Built
2003
Listing Agency:
The Real Estate Ranch LLC
Listed By:
Morgan Luce · License #0542176
(432) 270-5300
Source:
Hauspg
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 20 at 9:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real Estate Ranch LLC
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Investment Insights
Based on property information with market context.
This multi-building industrial facility offers approximately 28,000 SF of combined shop and office space configured for industrial and support functions. The property includes multiple shops, office areas, conference rooms, reception and break rooms, storage, and multiple bathrooms, along with 6+ baths. Operational features include 3-phase power, air lines, security fencing, a water well with a 1,500-gallon storage tank, abundant 110V outlets and 30-amp plugs, and multiple 12'–16' roll-up doors.
The complex is situated on 4.5 acres fronting Hwy 158 in Midland, providing direct highway access and room for equipment, fleet parking, and expansion. Industrial lifting capability includes (2) 5-ton cranes and an additional crane beam, supporting fabrication, service, and related warehouse or logistics workflows.
The property is offered for sale or lease and is positioned for oilfield, fabrication, service, logistics, or owner-user operations based on the existing shop, storage, office, and power/door and crane improvements.
The complex is situated on 4.5 acres fronting Hwy 158 in Midland, providing direct highway access and room for equipment, fleet parking, and expansion. Industrial lifting capability includes (2) 5-ton cranes and an additional crane beam, supporting fabrication, service, and related warehouse or logistics workflows.
The property is offered for sale or lease and is positioned for oilfield, fabrication, service, logistics, or owner-user operations based on the existing shop, storage, office, and power/door and crane improvements.
Key Highlights
- Approx. 28,000 SF multi‑building industrial complex on 4.5 acres fronting Hwy 158 in Midland
- Multiple 12'-16' roll‑up doors plus security fencing for shop and logistics access
- Includes office space with reception, conference rooms, break rooms, and 6+ bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$259,420
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,188,400
$5.2M
Cap Rate 7%
$3,706,000
$3.7M
Cap Rate 9%
$2,882,444
$2.9M
Market Conditions
NOI Build-Up for 28,921 SF
Gross rent
$392.2K $13.56/SF
− Vacancy
−$21.6K −$0.75/SF
EGI
$370.6K $12.81/SF
− OpEx
−$111.2K −$3.84/SF
NOI
$259.4K $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 Rate 5%
$5,188,400
Cap Rate 7%
$3,706,000
Cap Rate 9%
$2,882,444
Alternative Uses
Best Use
Industrial
$3.71M
$3.24M – $4.32M
NOI $259,420 @ 7.0% cap · market cap 8.11%
Second Best
Flex RnD
$3.64M
$3.18M – $4.24M
NOI $254,459 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$6.82M
$5.97M – $7.96M
NOI $477,544 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building industrial complex with roll-up doors, shops, offices, and crane capacity on 4.5 acres off Hwy 158.
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 acres fronting Hwy 158 in Midland; Multiple 12'-16' roll‑up doors plus security fencing for shop and logistics access; Includes office space with reception, conference rooms, break rooms, and 6+ bathrooms
