Industrial Facility with Overhead
3611 Hwy 158 Midland, TX 79705
New
For Sale
$1,900,000
Industrial facility with roll-up doors, multiple offices, and office/storage support buildings plus overhead crane capacity.
Property Size16,273 SF
Price / SF$116.76
Days on Market4
Property Features for 3611 Hwy 158
General Information
- Standard status
- Active
- Size
- 16,273 SF
Building Details
- Year Built
- 2003
Listing Agency:
The Real Estate Ranch LLC
(432) 270-5300
Listed By:
Morgan Luce
Source:
Hauspg
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 23 at 5:17AM
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 industrial facility includes a main shop with (2) 12' roll-up doors, air lines, gas heat, abundant 110V power, and 30-amp service. The property also features 7 offices, a reception area, 2 conference rooms, a break room, storage, and 3 restrooms. Additional buildings provide office/storage space, a 14' motorized roll-up door, upper-level storage, and a 1-ton crane beam.
A separate shop includes a 2.5-ton overhead crane. The property is served by a private water well with 1,500-gal storage, and the facility is positioned for industrial access along Hwy 158 in Midland.
Overall, the combination of shop bays, office buildout, and crane-supported infrastructure makes this property well-suited for fabrication or industrial operations requiring lift capability and dedicated work areas.
A separate shop includes a 2.5-ton overhead crane. The property is served by a private water well with 1,500-gal storage, and the facility is positioned for industrial access along Hwy 158 in Midland.
Overall, the combination of shop bays, office buildout, and crane-supported infrastructure makes this property well-suited for fabrication or industrial operations requiring lift capability and dedicated work areas.
Key Highlights
- Approx. 16,000 SF industrial facility (built 2003) on Hwy 158 in Midland, available for sale or lease
- Main shop has (2) 12' roll‑up doors, gas heat, abundant 110V power, air lines, and 30‑amp service
- Office and support space includes 7 offices, reception, 2 conference rooms, break room, storage, and 3 restrooms
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 | $220.7k | $13.56 |
| − Vacancy | −$12.1k | −$0.75 |
| EGI | $208.5k | $12.81 |
| − OpEx | −$62.6k | −$3.84 |
| NOI | $146.0k | $8.97 |
16,273 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.81M
$2.46M – $3.28M
NOI $196,838 @ 7.0% cap · market cap 10.36%
Second Best
Warehouse
$2.53M
$2.22M – $2.95M
NOI $177,247 @ 7.0% cap · market cap 9.33%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Industrial facility with roll-up doors, multiple offices, and office/storage support buildings plus overhead crane capacity.
Where is this flex space 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 2003) on Hwy 158 in Midland, available for sale or lease; Main shop has (2) 12' roll‑up doors, gas heat, abundant 110V power, air lines, and 30‑amp service; Office and support space includes 7 offices, reception, 2 conference rooms, break room, storage, and 3 restrooms
