Versatile Warehouse with Fenced
2780 FM 866 Odessa, TX 79763
2780 FM 866, Odessa, TX, 79763
$700,000
For Sale
$700,000
SINGLE_FAMILY - Odessa, TX
Property Size5,000 SF
Lot Size2.00 Acres
Price / SF$140
Days on Market62
Property Features for 2780 FM 866
General Information
- Property type
- Residential
- Property subtype
- Retail
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 2.00 Acres
Taxes and HOA fees
- Tax Description
- 866 INDUSTRIAL SUBDIVISION BLK 1 LOT 14 FM 866 USE CODE F1: COMMERCIAL REAL ESTATE
- Tax Annual Amount
- 6828
Building Details
- Year built
- 2018
Listing agency
New Heights Real Estate
(210) 824-1476
Listed by
Cassandra Pearce · License #TREC 0588281
(432) 703-2545
Added: May 22 Updated: Jun 10 at 1:12PM Checked: Jul 22 at 5:06PM
MLS# 50095411
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 property features a 5000-square-foot building available for sale. The building includes a small storage office and an unfinished office within the warehouse, along with a shop area. The property benefits from a fenced lot, providing security and space. It offers 24-hour access and front loading capabilities. The lot size is 2 acres. The property is located in Odessa, TX.
Key Highlights
- 5000 sqft available for lease or sale
- Benefit from the fenced lot with yard
- Enjoy the convenience of 24‑hour access
Local Financial Insights For Retail
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 | $87.0k | $17.40 |
| − Vacancy | −$7.4k | −$1.48 |
| EGI | $79.6k | $15.92 |
| − OpEx | −$23.9k | −$4.78 |
| NOI | $55.7k | $11.14 |
5,000 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$5.88M
$5.15M – $6.86M
NOI $411,703 @ 7.0% cap · market cap 58.81%
Second Best
Industrial
$4.24M
$3.71M – $4.95M
NOI $296,730 @ 7.0% cap · market cap 42.39%
Theoretical Best
Flex RnD
$7.27M
$6.36M – $8.48M
NOI $508,821 @ 7.0% cap · market cap 72.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - 5000 sqft warehouse with fenced lot for sale.
Where is this retail space located?
The property is located at 2780 FM 866 Odessa, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 5000 sqft available for lease or sale; Benefit from the fenced lot with yard; Enjoy the convenience of 24‑hour access
