Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1550 Laredo Dr Odessa, TX 79761

    Sponsored
    For Sale
    $1,400,000

    SINGLE_FAMILY - Odessa, TX

    Type:Office
    Property size:
    16,330 SF
    Lot size:
    4.00 Acres
    Days on Market:
    8
    Last Refresh:
    Jan 21 at 11:06 am

    Property Features for 1550 Laredo Dr

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    29350.00500.00000 & 42400.00800.00000
    Fencing
    Chain Link, Fenced
    Size
    16,330 SF
    Lot size
    4.00 Acres

    Building Details

    Year built
    1981
    Building materials
    Metal Construction
    Roof type
    Metal

    We can help!

    Listing Contact
    Melody Villasana/ Melinda Velasquez

    Melody Villasana, Broker (432) 559-7703

    Listing agent Melody Villasana/ Melinda Velasquez (432) 559-7703

    Listing date Jan 14, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Odessa Shop/Office Commercial Property

    This commercial property, suitable for shop and office use, is situated on 4 acres off South Grandview and Interstate 20 in Odessa, Texas. The property features a 16,330-square-foot building on a corner lot, complemented by an asphalt parking lot and fencing. The structure includes 8 bay doors and is equipped with a total of 6 overhead cranes, including two 10-ton cranes and four 5-ton cranes, along with a paint booth and air compressor. The office area comprises a reception area, kitchen, 4 offices, 2 bathrooms, and a parts warehouse. The property is located in Ector County, with access from Laredo Drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EZ PIPELINE PADDERS Engineering Consultant

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.341254
    Latitude
    31.838871

    Nearby Similar for Sale

    • $5,500,000
      17,500 SF

      Odessa Retail/Automotive Property For Sale

      Prime retail/automotive property with highway frontage, available for sale or lease.
      14761 W I-20, Odessa, TX 79763
      View Details
    • $2,750,000
      17,500 SF

      Retail Property on I-20 Frontage

      4.5-acre retail property with highway frontage and multiple bays.
      14761 W I-20, Odessa, TX 79763
      View Details
    • $750,000
      3,150 SF

      Odessa Office Building on Corner

      Commercial building on large corner lot suitable for various businesses.
      2201 E 8Th St, Odessa, TX 79761
      View Details
    • $3,200,000
      32,000 SF

      Versatile Multi-Use Buildings on Corner Lot

      Two new buildings on 20 acres, unmatched flexibility and potential.
      6015 Andrews Hwy, Odessa, TX 79764
      View Details
    • $2,500,000
      18,700 SF

      I-20 Frontage Warehouse For Sale

      Prime frontage warehouse on I-20 in Odessa, Texas.
      14480 W I-20, Odessa, TX 79765
      View Details
    • $1,799,000
      9,950 SF

      Odessa Industrial/Commercial Property For Sale

      High-end industrial/commercial property with office space and drive-thru bays.
      16751 W Basin St, Odessa, TX 79763
      View Details
    • $5,321,012
      49,600 SF

      Odessa Industrial Buildings with Cranes

      Five industrial buildings with crane infrastructure in Odessa, Texas.
      W 44Th St, Odessa, TX 79764
      View Details
    • $798,000
      5,000 SF

      New Construction Industrial/Commercial Property

      New construction industrial/commercial property for sale or lease in Odessa.
      14010 W Silver Fox Trl, Odessa, TX 79763
      View Details
    • $2,978,326
      12,604 SF

      Spacious Office with Residential Component

      12,604 SF office with a 3-bedroom apartment and parking.
      4313 N County Rd W, Odessa, TX 79764
      View Details
    • $2,978,326
      12,604 SF

      Modern Office Building with Apartment

      Spacious office with apartment, parking, and event space.
      4313 N County Rd W, Odessa, TX 79764
      View Details
    • $1,400,000
      12,450 SF

      Odessa Office/Warehouse on 3.5 Acres

      12,450 sq ft office/warehouse on 3.5 acres in Odessa.
      5800 N Moss Ave, Odessa, TX 79764
      View Details
    • $1,400,000
      12,450 SF

      Odessa Office/Warehouse on 3.5 Acres

      12,450 sq ft office/warehouse on 3.5 acres.
      5800 N Moss Ave, Odessa, TX 79764
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Shop/Office commercial property with 4 acres, located off S Grandview.
    Where is this manufacturing property located?
    The property is located at 1550 Laredo Dr Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - 16,330 Sq Ft commercial property on 4 acres with I-20 access.; - Equipped with **two 10 TON Cranes and four 5 TON Cranes.**; - Includes 8 Bay doors, paint booth, and air compressor.
    (432) 559-7703
    Request Owner's contact information
    1550 Laredo Dr Odessa, TX 79761
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1550 Laredo Dr
    Odessa, TX 79761
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1550 Laredo Dr Odessa, TX 79761
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Melody Villasana/ Melinda Velasquez
    (432) 559-7703
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.