Metal Office-Shop with Pull-Through
1010 S Meadow Ave Odessa, TX 79761
1010 S Meadow Ave, Odessa, TX, 79761
$1,150,000
For Sale
$1,150,000
SINGLE_FAMILY - Odessa, TX
Property Size6,400 SF
Lot Size2.31 Acres
Price / SF$179.69
Days on Market20
Property Features for 1010 S Meadow Ave
General Information
- Property type
- Residential
- Property subtype
- Office
- Fencing
- Fenced, Chain Link
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- APN
- 08720.00130
- Size
- 6,400 SF
- Lot size
- 2.31 Acres
Taxes and HOA fees
- Tax Annual Amount
- 19206
Building Details
- Year built
- 2014
- Building materials
- Brick, Metal Construction
- Roof type
- Metal
Listing agency
Heritage Real Estate
(432) 701-0550
Listed by
Regginald Moore
(432) 246-7324
Added: Jul 3 Updated: Jul 4 at 1:07AM Checked: Jul 22 at 12:06PM
MLS# 175941
Copyright © 2026 Odessa 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.
A 6,400 SF metal office/shop set on 2.31 acres, comprising three contiguous lots that convey together. The building includes eight private offices plus a reception area, a break room, and an ADA restroom with a shower. The shop component features a 4-bay pull-through arrangement with 12' x 14' overhead doors and a fire separation wall.
The property is located within Dovecote Industrial Park in an active Permian Basin corridor serving heavy-equipment, diesel, and oilfield users. It is positioned for direct access to I-20. The site includes a fenced, stabilized yard and ample paved parking, supported by single-phase service. Zoning is listed as L1 Light Industrial.
This configuration suits owner-users seeking an on-site office setup alongside practical shop access, including pull-through bays for straightforward equipment staging and movement. The fenced yard and paved parking support contractor-style operations and daily vehicle flow, while the office buildout provides dedicated workspace and visitor reception. Buyers are encouraged to verify all information and intended uses during due diligence.
The property is located within Dovecote Industrial Park in an active Permian Basin corridor serving heavy-equipment, diesel, and oilfield users. It is positioned for direct access to I-20. The site includes a fenced, stabilized yard and ample paved parking, supported by single-phase service. Zoning is listed as L1 Light Industrial.
This configuration suits owner-users seeking an on-site office setup alongside practical shop access, including pull-through bays for straightforward equipment staging and movement. The fenced yard and paved parking support contractor-style operations and daily vehicle flow, while the office buildout provides dedicated workspace and visitor reception. Buyers are encouraged to verify all information and intended uses during due diligence.
Key Highlights
- 6,400 SF metal office/shop on 2.31 acres in Dovecote Industrial Park, including 3 contiguous lots (all convey)
- Office layout includes 8 private offices and a reception area
- 4‑bay pull‑through shop with two 12' x 14' overhead doors and a fire separation wall
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 | $134.4k | $21.00 |
| − Vacancy | −$20.8k | −$3.26 |
| EGI | $113.6k | $17.75 |
| − OpEx | −$28.4k | −$4.44 |
| NOI | $85.2k | $13.31 |
6,400 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$9.30M
$8.14M – $10.85M
NOI $651,291 @ 7.0% cap · market cap 56.63%
Second Best
Warehouse
$7.53M
$6.59M – $8.78M
NOI $526,979 @ 7.0% cap · market cap 45.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
JW LLC Trucking
Trucking Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Metal office-shop with fenced yard, paved parking, and 4 pull-through shop bays for light industrial and equipment-related users.
Where is this flex space located?
The property is located at 1010 S Meadow Ave Odessa, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 6,400 SF metal office/shop on 2.31 acres in Dovecote Industrial Park, including 3 contiguous lots (all convey); Office layout includes 8 private offices and a reception area; 4‑bay pull‑through shop with two 12' x 14' overhead doors and a fire separation wall
