Industrial Flex Complex with
3611 E Hwy 158 Midland, TX 79705
For Sale
$3,200,000
COMMERCIAL - Midland, TX
Property Size28,921 SF
Lot Size4.50 Acres
Price / SF$110.65
Days on Market47
Property Features for 3611 E Hwy 158
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 28,921 SF
- Lot size
- 4.50 Acres
Taxes and HOA fees
- Tax Description
- Legal: Acres: 3.000, NE/4, SEC: 7, BLK: 38-T2S, Legal: Acres: 1.500, NE/4, SEC: 7, BLK: 38-T2S
- Tax Annual Amount
- 19477
Building Details
- Year built
- 2003
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Morgan Luce
(432) 270-5300
Added: Jun 8
Changed: Jul 22
Last Checked: Jul 24 at 8:06AM
MLS# 50095785
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.
A multi-building industrial flex complex totaling approximately 28,000 SF on 4.5 acres, offering a mix of shops and office space. The property includes conference rooms, reception and break areas, storage, and multiple 12'-16' roll-up doors. Operational support features include 3-phase power, air lines, security fencing, abundant 110V outlets and 30-amp plugs, plus water well service with a 1,500-gallon storage tank. The facility also has 6+ bathrooms and crane capacity with (2) 5-ton cranes and an additional crane beam.
The site is fronting Hwy 158 in Midland, TX and is described as having room for equipment, fleet parking, and expansion.
Additional on-site improvements noted include multiple shops and outdoor work capacity, making the configuration suited for a range of industrial and fabrication/service and logistics-style operations within the existing facility layout.
The site is fronting Hwy 158 in Midland, TX and is described as having room for equipment, fleet parking, and expansion.
Additional on-site improvements noted include multiple shops and outdoor work capacity, making the configuration suited for a range of industrial and fabrication/service and logistics-style operations within the existing facility layout.
Key Highlights
- Approx. 28,000 SF multi‑building industrial complex on 4.5 AC fronting Hwy 158 in Midland (year built 2003)
- Multiple shops with office space including conference rooms, reception, break rooms, storage, and 6+ baths
- 3‑phase power plus air lines, and extensive electrical capacity with abundant 110V outlets and 30‑amp plugs
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Moe's Southwest Grill — 3302 Garden City Hwy, Midland, TX 79706
FAQs
What type of property is this?
Flex space - Multi-building industrial complex with multiple shops, offices, and roll-up doors, supported by 3-phase power.
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 AC fronting Hwy 158 in Midland (year built 2003); Multiple shops with office space including conference rooms, reception, break rooms, storage, and 6+ baths; 3‑phase power plus air lines, and extensive electrical capacity with abundant 110V outlets and 30‑amp plugs
