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    Industrial Flex Workshop with Offices Title is generated by Realmo AI

    210 E 57th St, Odessa, TX 79762

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    For Sale
    $899,000

    SINGLE_FAMILY - Odessa, TX

    Type:Office
    Property size:
    11,200 SF
    Lot size:
    0.89 Acres
    Price / SF:
    $80/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 210 E 57th St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Fencing
    Fenced, Chain Link, Barbed Wire
    Standard status
    Active
    APN
    00600.00811.00000
    Size
    11,200 SF
    Lot size
    0.89 Acres

    Taxes and HOA fees

    Tax Annual Amount
    14360

    Utilities

    Sewer type
    Private Sewer
    Water source
    Well

    Building Details

    Year built
    1977
    Floors in Building
    2
    Building materials
    Wood Construction, Metal Construction, Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Terry Swann

    Listing agent Terry Swann

    Listing office The Real Estate Group 865 Tower Dr, Odessa, TX

    Listing date Jun 3, 2026

    MLS# 165469

    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.

    HighLights

    • 1977 construction with metal roof and metal siding; wood construction also noted
    • Shop building approx. 100' x 80' with 24' x 14' x 9' complete paint booth
    • Additional approx. 30' x 80' metal building on site plus 2 x 24' x 60' awnings in the shop yard
    • Shop includes gas heat and a 1‑ton chain hoist with rail located in the shop
    • On‑site layout includes office space, parts room with separate M/W restroom, and common bathroom near reception area
    • Utilities: well water and private sewer; fencing includes chain link and barbed wire

    Overview

    This industrial flex property includes a combined office and shop setup designed for production or assembly work. The first floor features a reception area, eight offices, an executive office, and furnished office space, along with a break room with upper and lower cabinetry, refrigerator, sink, and tables with chairs. A common bathroom sits to the side, and one front office includes a private bathroom. The shop area includes an office on the first floor plus two large rooms on the second floor, with a large storage area. Parts/parts room space is also on the first floor with a separate mechanical room.

    The main shop is approximately 100 by 80 feet and includes a 24 by 14 by 9 complete paint booth. A one-ton chain hoist rail runs the length of the shop, and gas heat serves the shop area. An additional 30 by 80 foot metal building is also included, along with two 24 by 60 awnings in the shop yard. The property is located at 210 E 57th St in Odessa, Texas (Ector County).

    With its combination of office space, multi-level functional rooms, dedicated storage, and a built-in paint booth and hoist system, the layout can support a variety of light industrial and technical operations that need both workspace and on-site administrative areas. The added metal building and covered shop yard space provide flexibility for expanded work areas, staging, or storage based on an operator’s workflow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Crusade Services Factory Kelley's Controls Inc Factory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Similar Places Nearby

    • The Block Meat Co. — 200 E 52nd St, Odessa, TX 79762

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3866895
    Latitude
    31.8979488

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    FAQs

    What type of property is this?
    Flex space - Industrial workshop with painted booth, gas-heated shop space, and dedicated first-floor offices for control-panel or light manufacturing use.
    Where is this flex space located?
    The property is located at 210 E 57th St Odessa, TX.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: 1977 construction with metal roof and metal siding; wood construction also noted; Shop building approx. 100' x 80' with 24' x 14' x 9' complete paint booth; Additional approx. 30' x 80' metal building on site plus 2 x 24' x 60' awnings in the shop yard
    (432) 631-5811
    We can help!
    Listing Contact
    Terry Swann
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    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.

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