Live-Work Property with Large
For Sale
$574,900
1525 N Ave D, Odessa, TX 79763
COMMERCIAL - Odessa, TX
Property Size2,100 SF
Lot Size1.03 Acres
Price / SF$273.76
Days on Market104
Property Features for 1525 N Ave D
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Henderson
Standard status
Active
Size
2,100 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Description
HENDERSON BLOCK 005 LOT 008
Tax Annual Amount
5199
Legal Description
HENDERSON BLOCK 005 LOT 008
Building Details
Year built
1981
Listing Agency:
Keller Williams · Keller Williams Realty
(432) 520-5151
Listed By:
Sarah Dixon · License #0589480
(432) 349-0110
Added: Apr 23
Changed: Jul 13
Last Checked: Aug 4 at 12:06PM
MLS# 50094578
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.
This for-sale live-work property includes a massive 100-by-40 shop with three oversized bay doors and a finished office/man cave area with a wet bar and full bath. Additional improvements include a bonus 2-story log cabin with two bedrooms, two and a half baths, a loft, a huge game room, and a basement, which may be used as a residence or employee housing. The property is enclosed with an 8-foot metal privacy fence.
The site is located just outside Odessa city limits in Ector County. Public remarks also note that there are no restrictions, and that 3-phase power is available across the street.
Lot size is listed at 1.0331 acres, and the property size is listed as 2,100 square feet.
The site is located just outside Odessa city limits in Ector County. Public remarks also note that there are no restrictions, and that 3-phase power is available across the street.
Lot size is listed at 1.0331 acres, and the property size is listed as 2,100 square feet.
Key Highlights
- 1981 year‑built live/work property on 1 acre just outside Odessa city limits
- Massive 100 x 40 shop with 3 oversized bay doors plus finished office/man cave
- Open living or game room with wet bar and full bath
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 | $44.1k | $21.00 |
| − Vacancy | −$6.8k | −$3.26 |
| EGI | $37.3k | $17.75 |
| − OpEx | −$9.3k | −$4.44 |
| NOI | $27.9k | $13.31 |
2,100 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Warehouse
$2.47M
$2.16M – $2.88M
NOI $172,915 @ 7.0% cap · market cap 30.08%
Second Best
Office B
$399.3K
$349.4K – $465.8K
NOI $27,948 @ 7.0% cap · market cap 4.86%
Theoretical Best
Flex RnD
$3.05M
$2.67M – $3.56M
NOI $213,705 @ 7.0% cap · market cap 37.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Turnkey business
Opportunity
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - For sale on 1.03 acres, featuring a 100-by-40 shop with three oversized bay doors and a separate 2-story cabin.
Where is this live-work space located?
The property is located at 1525 N Ave D Odessa, TX.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: 1981 year‑built live/work property on 1 acre just outside Odessa city limits; Massive 100 x 40 shop with 3 oversized bay doors plus finished office/man cave; Open living or game room with wet bar and full bath
