Industrial Warehouse with
For Sale
$1,500,000
3619 Hwy 158, Midland, TX 79705
COMMERCIAL - Midland, TX
Property Size12,648 SF
Lot Size1.50 Acres
Price / SF$118.60
Days on Market54
Property Features for 3619 Hwy 158
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
ME4
Standard status
Active
Size
12,648 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Description
Legal: Acres: 1.500, NE/4, SEC: 7, BLK: 38-T2S
Tax Annual Amount
11923
Legal Description
Legal: Acres: 1.500, NE/4, SEC: 7, BLK: 38-T2S
Building Details
Year built
2009
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 31 at 5:06AM
MLS# 50095799
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.
For sale or lease is a 12,648-square-foot industrial facility on 1.5 acres with a functional office buildout and warehouse improvements designed for heavy-duty operations. The property includes a reception area, break room, conference rooms, and multiple restrooms, along with 3-phase power and air lines. Multiple 12'-16' roll-up doors provide access to the shop floor, supported by two 5-ton overhead cranes and a crane beam. Additional utilities include abundant 110V outlets and 30-amp plugs. Outside, the fenced yard includes ample space for equipment, fleet parking, and potential expansion, and the site has a private water well with 1,500-gallon storage.
The property is located at 3619 Hwy 158 in Midland, Texas, with frontage on Hwy 158 for access and visibility.
The facility is configured with both office space and warehouse support elements, including security fencing, dedicated overhead crane capacity, and yard space to accommodate industrial staging and logistics activity.
The property is located at 3619 Hwy 158 in Midland, Texas, with frontage on Hwy 158 for access and visibility.
The facility is configured with both office space and warehouse support elements, including security fencing, dedicated overhead crane capacity, and yard space to accommodate industrial staging and logistics activity.
Key Highlights
- 12,648 SF industrial facility on 1.5 AC in Midland, built in 2009
- Hwy 158 frontage with multiple 12'-16' roll‑up doors for industrial loading
- Includes 3‑phase power, air lines, abundant 110V outlets, and 30‑amp plugs
Financial Insights For Warehouse
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 | $171.5k | $13.56 |
| − Vacancy | −$9.4k | −$0.75 |
| EGI | $162.1k | $12.81 |
| − OpEx | −$24.3k | −$1.92 |
| NOI | $137.8k | $10.89 |
12,648 SF · lease $13.56/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.97M
$1.72M – $2.30M
NOI $137,763 @ 7.0% cap · market cap 9.18%
Second Best
Industrial
$1.62M
$1.42M – $1.89M
NOI $113,452 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,844 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,445
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility on 1.5 acres with office buildout, multiple roll-up doors, overhead cranes, and fenced yard.
Where is this manufacturing property located?
The property is located at 3619 Hwy 158 Midland, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12,648 SF industrial facility on 1.5 AC in Midland, built in 2009; Hwy 158 frontage with multiple 12'-16' roll‑up doors for industrial loading; Includes 3‑phase power, air lines, abundant 110V outlets, and 30‑amp plugs
