Odessa Commercial Property For
16751 W Basin St Odessa, TX 79763
16751 W Basin St, Odessa, TX, 79763
$1,674,004
For Sale
$1,674,004
COMMERCIAL - Odessa, TX
Property Size9,950 SF
Lot Size4.00 Acres
Price / SF$168.24
Days on Market158
Property Features for 16751 W Basin St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 9,950 SF
- Lot size
- 4.00 Acres
Taxes and HOA fees
- Tax Description
- east half of LOT 2 BLK 2 BASIN INDUSTRIAL ADDITION
- Tax Annual Amount
- 558
Building Details
- Year built
- 2023
Listing agency
New Heights Real Estate
(210) 824-1476
Listed by
Cassandra Pearce · License #TREC 0588281
(432) 703-2545
Added: Feb 14 Updated: May 14 at 3:01PM Checked: Jul 22 at 6:06PM
MLS# 50090860
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 9,950 square foot commercial property is situated on approximately 4 acres in Odessa, Texas. The property features a high-end build and a prime location immediately off I-20 and FM 866. It includes three drive-thru bays and office space. The office area is equipped with his and her restrooms, a breakroom, and a conference room. Additional features include a wash bay, front overhang, and covered parking. The property is not crane ready. There is an option for a 2-story full kitchen. The second story also includes washer and dryer hookups, a restroom, and a shower. A secured IT room is ready for fiber optics. The property has a line for a compressor, a metered water system, and three-phase 480 power. It offers 24-hour access and is located on a corner lot.
Key Highlights
- Prime location immediately off I‑20 and FM 866.
- High‑end build with 9950 sqft on 4+- acres.
- Available for sale or lease.
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 | $209.0k | $21.00 |
| − Vacancy | −$32.4k | −$3.26 |
| EGI | $176.6k | $17.75 |
| − OpEx | −$44.1k | −$4.44 |
| NOI | $132.4k | $13.31 |
9,950 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$14.47M
$12.66M – $16.88M
NOI $1,012,554 @ 7.0% cap · market cap 60.49%
Second Best
Warehouse
$11.70M
$10.24M – $13.65M
NOI $819,288 @ 7.0% cap · market cap 48.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - High-end commercial property with office space and drive-thru bays.
Where is this flex space located?
The property is located at 16751 W Basin St Odessa, TX.
What is the asking price?
The asking price for this property is $1,674,004.
What are key features of this property?
This property features: Prime location immediately off I‑20 and FM 866.; High‑end build with **9950 sqft on 4+- acres.**; Available for sale or lease.
