Office Building with Highway
3900 E Hwy 158 Midland, TX 79706
New
3900 E Hwy 158, Midland, TX, 79706
$871,500
For Sale
$871,500
SINGLE_FAMILY - Midland, TX
Property Size5,000 SF
Lot Size1.07 Acres
Price / SF$174.30
Days on Market1
Property Features for 3900 E Hwy 158
General Information
- Property type
- Residential
- Property subtype
- Office
- 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
Building Details
- Year built
- 2015
Listing agency
The Real Estate Ranch LLC
(432) 688-8200
Listed by
Thomas Johnston ABR /CNHS · License #542176
(512) 970-1610
Added: Jul 22 Checked: Jul 22 at 8:06PM
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.
Investment Insights
Based on property information with market context.
Former state office building with approximately 5,000 square feet and a functional layout featuring 15 offices, including two to three executive offices, plus three bathrooms. The space also includes a safety office and a flex foyer, making it adaptable for professional office use.
Located at 3900 E Hwy 158 in Midland, Texas, the property has direct access to Hwy 158 and is about a mile from I-20. The building benefits from significant visibility with an estimated 20,000–25,000 VPD and sits on 1.07 acres.
The property is served by a water well and septic system. This combination of highway exposure, established office configuration, and on-site utilities supports a range of office-oriented uses where direct access and visibility matter.
Located at 3900 E Hwy 158 in Midland, Texas, the property has direct access to Hwy 158 and is about a mile from I-20. The building benefits from significant visibility with an estimated 20,000–25,000 VPD and sits on 1.07 acres.
The property is served by a water well and septic system. This combination of highway exposure, established office configuration, and on-site utilities supports a range of office-oriented uses where direct access and visibility matter.
Key Highlights
- Year built 2015 for a former state office with direct buyer/tenant use potential
- Nearly 5,000 SF available with 15 offices plus 2–3 executive offices
- Includes 3 bathrooms and a safety office/flex foyer
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 |
5,000 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Former state office offering about 15 offices, multiple executive rooms, and direct access to Hwy 158.
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: Year built 2015 for a former state office with direct buyer/tenant use potential; Nearly 5,000 SF available with 15 offices plus 2–3 executive offices; Includes 3 bathrooms and a safety office/flex foyer
