Building Details

Year built 2005

Listing Agency: Caleb Matott Land & Ranch Sales R***@CMRanchRealEstate.com

Listed By: Caleb Matott Show Phone

Added: Sep 4 Changed: Oct 19 Last Checked: Oct 21 at 8:06AM

Report an Issue

MLS# 50098069

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This commercial land tract encompasses 5.58 acres along Hwy 158 in Midland, Texas. The property record identifies 9,920 square feet of property size and a 2005 year built. Its highway position provides direct access to a transportation route and supports consideration of convenience, retail, or industrial uses described for the site.

The property is located at 8535 Hwy 158, near Midland’s oil field activity and transportation routes. The site’s scale may accommodate equipment or future expansion needs associated with the stated commercial uses.

Key Highlights

• 5.58‑acre commercial land tract
• Located directly on Hwy 158 at 8535 Hwy 158, Midland, TX 79707
• 9,920 square feet of recorded property size

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

Is this asking price fair?

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 (±1% cap)

NOI $108,520 @ 7.0% cap · market cap 3.72%

Second Best

Retail

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,869 @ 7.0% cap · market cap 3.32%

Theoretical Best

Office A

$2.34M

$2.05M – $2.73M (±1% cap)

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

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Storage Facility Veterinary Clinic Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

13

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

New Murphy USA Ground Lease

3601 W Wall St, Midland, TX

Contact for pricing

2,800 SF

View details

Kent Kwik Gas Station

3603 West Wall Street, Midland, TX 79701

Contact for pricing

1,295 SF

View details

Executive Office Warehouse with Overhead Doors

10804 Hwy 191, Midland, TX 79707

$2,999,000

11,000 SF

View details

Warehouse with Three-Sided Outbuilding

12400B Hwy 191, Midland, TX 79707

$2,650,000

11,200 SF

View details

Flex Property with Wash Bay

5522 S County Rd 1160, Midland, TX 79706

$1,700,000

10,125 SF

View details

Fenced Truck Terminal with Warehouse

2209 County Rd 123, Midland, TX 79706

$2,000,000

9,000 SF

View details

Industrial Warehouse with Glass Entry

S County Rd 1120, Midland, TX 79706

$1,675,000

10,500 SF

View details

Industrial Warehouse with Crane Capacity

S County Rd 1120, Midland, TX 79706

$1,599,000

10,500 SF

View details

Flexible Retail Showroom Building

3504 West Wall Street, Midland, TX 79701

$1,150,000

10,000 SF

View details

Industrial Flex Space with Drive-In Bays

1113 Dayton Rd, Midland, TX 79706

$2,667,000

13,640 SF

View details

Secured Flex Industrial Facility

2416 E County Rd 130, Midland, TX 79706

$1,699,999

8,750 SF

View details

Renovated Freestanding Office Building

301 E Illinois Ave, Midland, TX 79705

$1,350,000

10,800 SF

View details

Frequently Asked Questions

What type of property is this?

Commercial land - Highway-fronting commercial land suited to convenience, retail, or industrial operations requiring room for equipment or expansion.

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: 5.58‑acre commercial land tract; Located directly on Hwy 158 at 8535 Hwy 158, Midland, TX 79707; 9,920 square feet of recorded property size