Multi-Building Industrial
3611 E Hwy 158 Midland, TX 79705
New
3611 E Hwy 158, Midland, TX, 79705
$3,200,000
For Sale
$3,200,000
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 Market2
Property Features for 3611 E Hwy 158
General Information
- Standard status
- Active
- Size
- 28,921 SF
- Lot size
- 4.50 Acres
Building Details
- Year Built
- 2003
Listing agency
The Real Estate Ranch LLC
(432) 270-5300
Listed by
Morgan Luce
Source
Billlanier
Added: Jul 21 Updated: Jul 22 at 5:31PM Checked: Jul 22 at 5:31PM
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
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
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 |
28,921 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$4.50M
$3.94M – $5.25M
NOI $315,010 @ 7.0% cap · market cap 9.84%
Second Best
Industrial
$3.71M
$3.24M – $4.32M
NOI $259,420 @ 7.0% cap · market cap 8.11%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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
