3900 E Highway 158, Midland, TX 79706
Former state office with multiple offices and strong highway visibility plus direct access and utility flexibility.
- Added:
- Jul 17, 2025
- Days on Market:
- 328
- Last Refresh:
- Jun 3 at 2:59 am
Property Features for 3900 E Highway 158
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 1.07 Acres
Listing agent Thomas Johnston ABR /CNHS (512) 970-1610
Listing office The Real Estate Ranch LLC (512) 970-1610
Listing date Jul 17, 2025
Source Exprealty
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
HighLights
- Former state office building with nearly 5,000 SF and 15 offices
- Layout includes 2–3 executive offices, 3 bathrooms, and a safety office/flex area
- Sits on 1.07 acres with direct access to 158 and about a mile from I‑20
- Highly visible along a roadway with estimated 20,000–25,000 VPD drive‑by traffic
- On water well and septic, offering utility flexibility for buyers
- Can be used as office or lease space, with potential for trucking command, dispatch, or professional office use
Overview
The building has direct access to Highway 158 and is located about a mile from I-20. It sits on roughly 1.07 acres and benefits from substantial drive-by traffic in the reported 20,000 to 25,000 vehicles per day range, supporting both customer-facing and field-based operations.
With its office-heavy configuration and prominent roadside presence, the space can work well for professional uses such as a doctors office, dispatch office, or land surveying office. It may also be attractive as a trucking command center given the combination of office space, flexibility, and visibility for coordinating operations.
Local Financial Insights For Office B
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 | $96.0k | $19.20 |
| − Vacancy | −$15.4k | −$3.07 |
| EGI | $80.6k | $16.13 |
| − OpEx | −$20.2k | −$4.03 |
| NOI | $60.5k | $12.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.001144
- Latitude
- 31.972154
