Commercial Land Along Highway
For Sale
$2,916,777
8535 Hwy 158, Midland, TX 79707
Located directly on Hwy 158, the site is identified for convenience, retail, or industrial use.
Property Size9,920 SF
Price / SF$294.03
Days on Market49
Property Features for 8535 Hwy 158
General Information
Standard status
Active
Size
9,920 SF
Building Details
Year Built
2005
Listing Agency:
Caleb Matott Land & Ranch Sales
Listed By:
Caleb Matott · License #TREC 0453625
(432) 349-3330
Source:
Rickerlooney
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 7 at 1:10PM
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 Caleb Matott Land & Ranch Sales
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land parcel is positioned directly on Hwy 158 at 8535 Hwy 158 in Midland, Texas. The site is identified for potential convenience store, retail, or industrial use, with space described for equipment or future expansion.
The property is near major oil field activity and transportation routes, providing a location connected to those operating environments. Access and visibility are also identified as site characteristics.
The property is near major oil field activity and transportation routes, providing a location connected to those operating environments. Access and visibility are also identified as site characteristics.
Key Highlights
- Directly situated on Hwy 158
- Address: 8535 Hwy 158, Midland, TX 79707
- Identified for convenience store, retail, or industrial use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,520
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,170,400
$2.2M
Cap Rate 7%
$1,550,286
$1.6M
Cap Rate 9%
$1,205,778
$1.2M
Market Conditions
NOI Build-Up for 9,920 SF
Gross rent
$154.8K $15.60/SF
− Vacancy
−$10.1K −$1.01/SF
EGI
$144.7K $14.59/SF
− OpEx
−$36.2K −$3.65/SF
NOI
$108.5K $10.94/SF
Area
Midland, TX
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,170,400
Cap Rate 7%
$1,550,286
Cap Rate 9%
$1,205,778
Alternative Uses
Best Use
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,520 @ 7.0% cap · market cap 3.72%
Second Best
Retail
$1.38M
$1.21M – $1.61M
NOI $96,869 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,799 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 79707, TX
37,632
Population
16,654
Households
2.3
Avg Household Size
35
Median Age
41%
College-Educated
91%
High-School Grad
71.0 sq mi
ZIP Area
530
Density / Sq Mi
$99,979
Median Household Income
$58,351
Median Earnings
$1,383
Median Rent
$382,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Located directly on Hwy 158, the site is identified for convenience, retail, or industrial use.
Where is this commercial land located?
The property is located at 8535 Hwy 158 Midland, TX.
What is the asking price?
The asking price for this property is $2,916,777.
What are key features of this property?
This property features: Directly situated on Hwy 158; Address: 8535 Hwy 158, Midland, TX 79707; Identified for convenience store, retail, or industrial use
