Manufacturing Facility with Overhead
For Sale
Contact for pricing
3619 Hwy 158, Midland, TX 79705
Industrial facility with offices, production support areas, overhead cranes, and secured outdoor yard space.
Property Size12,648 SF
Lot Size1.50 Acres
Price / SF$118.60
Days on Market9
Property Features for 3619 Hwy 158
General Information
Standard status
Active
Size
12,648 SF
Lot size
1.50 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Three-Phase Power
Yes
Amenities
reception area
break room
conference rooms
Building Details
Year Built
2009
Building Size
12,648 SF
Listing Agency:
The Real Estate Ranch LLC
(432) 270-5300
Listed By:
Morgan Luce · License #TX 0542176
Source:
Crexi
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 11 at 6:19PM
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.
Built in 2009, this 12,648-square-foot manufacturing facility occupies 1.5 acres along Hwy 158 in Midland. The building combines office space with a reception area, break room, conference rooms, multiple restrooms, and production-oriented improvements. Two 5-ton overhead cranes, a crane beam, air lines, 3-phase power, abundant 110V outlets, and 30-amp plugs support industrial operations.
Multiple 12'-16' roll-up doors connect the facility to a secured yard suitable for equipment and fleet parking. The property also includes a private water well with 1,500-gal storage tank. Highway frontage provides direct exposure along Hwy 158, while the enclosed yard and available outdoor area add functional capacity for manufacturing, fabrication, service, or logistics operations.
Multiple 12'-16' roll-up doors connect the facility to a secured yard suitable for equipment and fleet parking. The property also includes a private water well with 1,500-gal storage tank. Highway frontage provides direct exposure along Hwy 158, while the enclosed yard and available outdoor area add functional capacity for manufacturing, fabrication, service, or logistics operations.
Key Highlights
- 12,648 SF industrial facility on 1.5 AC
- Two 5‑ton overhead cranes with crane beam
- 3‑phase power, air lines, 110V outlets, and 30‑amp plugs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$137,763
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,755,260
$2.8M
Cap Rate 7%
$1,968,043
$2.0M
Cap Rate 9%
$1,530,700
$1.5M
Market Conditions
NOI Build-Up for 12,648 SF
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.
Gross rent
$171.5K $13.56/SF
− Vacancy
−$9.4K −$0.75/SF
EGI
$162.1K $12.81/SF
− OpEx
−$24.3K −$1.92/SF
NOI
$137.8K $10.89/SF
Area
Midland, TX
Vacancy
5.50%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,755,260
Cap Rate 7%
$1,968,043
Cap Rate 9%
$1,530,700
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $152,990 @ 7.0% cap · market cap 10.20%
Second Best
Warehouse
$1.97M
$1.72M – $2.30M
NOI $137,763 @ 7.0% cap · market cap 9.18%
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
Current Use
Lease Details
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial facility with offices, production support areas, overhead cranes, and secured outdoor yard space.
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; Two 5‑ton overhead cranes with crane beam; 3‑phase power, air lines, 110V outlets, and 30‑amp plugs
