Industrial Facility with Overhead
For Sale
$1,900,000
3611 Hwy 158, Midland, TX 79705
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 Market96
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
Listed By:
Morgan Luce · License #0542176
(432) 270-5300
Source:
Hauspg
Added: Jul 20
Changed: Oct 14
Last Checked: Oct 21 at 2:57AM
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 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
Estimated NOI and Cap Rate
NOI / Yr
$145,968
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,919,360
$2.9M
Cap Rate 7%
$2,085,257
$2.1M
Cap Rate 9%
$1,621,867
$1.6M
Market Conditions
NOI Build-Up for 16,273 SF
Gross rent
$220.7K $13.56/SF
− Vacancy
−$12.1K −$0.75/SF
EGI
$208.5K $12.81/SF
− OpEx
−$62.6K −$3.84/SF
NOI
$146.0K $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%
$2,919,360
Cap Rate 7%
$2,085,257
Cap Rate 9%
$1,621,867
Alternative Uses
Best Use
Warehouse
$2.53M
$2.22M – $2.95M
NOI $177,247 @ 7.0% cap · market cap 9.33%
Second Best
Industrial
$2.09M
$1.82M – $2.43M
NOI $145,968 @ 7.0% cap · market cap 7.68%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
Demand for This Use
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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 - 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
