Multi-Office Office
For Sale
$871,500
3900 E Hwy 158, Midland, TX 79706
Commercial Sale, Midland, TX
Property Size5,000 SF
Lot Size1.07 Acres
Price / SF$174.30
Days on Market93
Property Features for 3900 E Hwy 158
General Information
Property type
Residential
Property subtype
Office
Subdivision
MG4
Standard status
Active
Size
5,000 SF
Lot size
1.07 Acres
Taxes and HOA fees
Tax Description
Legal: Acres: 1.070, BLK: 001. LOT: 001, ADDN: C & M VILLARREAL ADDITION
Tax Annual Amount
8648
Legal Description
Legal: Acres: 1.070, BLK: 001. LOT: 001, ADDN: C & M VILLARREAL ADDITION
Building Details
Year built
2015
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Thomas Johnston ABR /CNHS
(512) 970-1610
Added: Jul 22
Changed: Oct 19
Last Checked: Oct 22 at 7:06PM
MLS# 50096957
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.
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Investment Insights
Based on property information with market context.
This office building was constructed in 2015 and contains 15 offices, along with 2-3 executive offices, a safety office, a flex foyer, and 3 bathrooms. The existing configuration provides a substantial administrative layout for office-based operations and was formerly used as a state office.
Located at 3900 E Hwy 158 in Midland, the property has direct access to Hwy 158 and sits about a mile from I-20. The corridor records approximately 20,000-25,000 VPD, providing exposure to passing traffic. The 1.07-acre property is served by a water well and septic system.
The stated use potential includes a trucking command center, doctors office, dispatch office, or land surveying office, subject to applicable requirements.
Located at 3900 E Hwy 158 in Midland, the property has direct access to Hwy 158 and sits about a mile from I-20. The corridor records approximately 20,000-25,000 VPD, providing exposure to passing traffic. The 1.07-acre property is served by a water well and septic system.
The stated use potential includes a trucking command center, doctors office, dispatch office, or land surveying office, subject to applicable requirements.
Key Highlights
- 15 offices plus 2‑3 executive offices
- 3 bathrooms, safety office, and flex foyer
- 1.07‑acre office property at 3900 E Hwy 158
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,480
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,600
$1.2M
Cap Rate 7%
$864,000
$864.0K
Cap Rate 9%
$672,000
$672.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$96.0K $19.20/SF
− Vacancy
−$15.4K −$3.07/SF
EGI
$80.6K $16.13/SF
− OpEx
−$20.2K −$4.03/SF
NOI
$60.5K $12.10/SF
Area
Midland, TX
Vacancy
16.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,600
Cap Rate 7%
$864,000
Cap Rate 9%
$672,000
Alternative Uses
Best Use
Office B
$864.0K
$756.0K – $1.01M
NOI $60,480 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,560 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
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Business Placement
Demographics for 79706, TX
31,805
Population
12,368
Households
2.6
Avg Household Size
32
Median Age
23%
College-Educated
87%
High-School Grad
689.5 sq mi
ZIP Area
46
Density / Sq Mi
$110,988
Median Household Income
$58,023
Median Earnings
$897
Median Rent
$280,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Built in 2015, the property offers multiple private offices, executive offices, and three bathrooms.
Where is this office building located?
The property is located at 3900 E Hwy 158 Midland, TX.
What is the asking price?
The asking price for this property is $871,500.
What are key features of this property?
This property features: 15 offices plus 2‑3 executive offices; 3 bathrooms, safety office, and flex foyer; 1.07‑acre office property at 3900 E Hwy 158
