Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    411 Saraway Road Odessa, TX 79766

    View on Map
    Claim this Listing
    Picture of Commercial land at 411 Saraway Road, Odessa, TX
    For Sale
    $340,000

    SINGLE_FAMILY - Odessa, TX

    Type:Office
    Property size:
    1,152 SF
    Lot size:
    2.43 Acres
    Price / SF:
    $295/SF
    Added:
    Mar 7, 2026
    Days on Market:
    57
    Last Refresh:
    May 3 at 12:06 am

    Property Features for 411 Saraway Road

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    29985.00990.00000
    Size
    1,152 SF
    Lot size
    2.43 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2278

    Utilities

    Sewer type
    Private Sewer
    Water source
    Well

    Building Details

    Year built
    2012

    We can help!

    Listing Contact
    Sarah Ivey
    Sarah Ivey

    Listing agent Sarah Ivey License #0408989

    Listing office Century 21 The Edge 2000 W Wall St, Midland, TX

    Listing date Mar 7, 2026

    MLS# 159717

    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.

    Overview

    Land with Office Potential

    This property comprises approximately 2.43 acres and includes two mobile homes that can serve as office space. The yard provides parking for trucks. The site also offers the option for build-to-suit development. The property is located in Odessa, Texas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.353254
    Latitude
    31.8178857

    Nearby Similar for Sale

    • $395,000
      3,041 SF

      Versatile Building in Odessa, TX

      3,041 SF building on 0.46 acres near Hwy 80.
      13023 W County Rd 123, Odessa, TX 79765
      View Details
    • $465,000
      3,160 SF

      Versatile Commercial Building in Odessa

      Thriving restaurant building for sale, prime location, ample parking.
      1007 E 6th St, Odessa, TX 79761
      View Details
    • $429,000
      3,320 SF

      Odessa Commercial Property with Shop

      High-visibility commercial property with office, shop, and metal buildings.
      5407 Andrews Hwy, Odessa, TX 79764
      View Details
    • $595,000
      14,830 SF

      Odessa Industrial Property with Upside

      Three-building industrial property on 3.4 acres, ideal for owner-users.
      302 Industrial Ave, Odessa, TX 79761
      View Details
    • $700,000
      5,000 SF

      Versatile Commercial Property in Odessa, TX

      Commercial property with office space, storage, and a 3-bay shop.
      1135 W 42nd St, Odessa, TX 79764
      View Details
    • $475,000
      9,116 SF

      Spacious Multi-Use Building on Large Lot

      9100+ sq ft building on .68 acres, owner financing available.
      1709 W 9th St, Odessa, TX 79763
      View Details
    • $474,900
      5,440 SF

      Odessa Commercial Property For Sale

      5,440 SF commercial property with office and warehouse space.
      130 E 52nd St, Odessa, TX 79762
      View Details
    • $650,000
      4,500 SF

      Profitable Floral Business and Real Estate

      Established floral business with real estate for sale in Odessa.
      2618 Kermit Hwy, Odessa, TX 79763
      View Details
    • $595,000
      4,710 SF

      Versatile Facility in Odessa, Texas

      Former medical supply facility ideal for sales, service, or distribution.
      1011 E 7th St, Odessa, TX 79761
      View Details
    • $1,995,000
      22,095 SF

      Renovated Warehouse with Cranes, Wash-Bay

      Renovated warehouse with heavy power, cranes, and expansion space.
      1551 Laredo Dr, Odessa, TX 79761
      View Details
    • $855,000
      9,000 SF

      Odessa Industrial Facility with Cranes

      9,000 SF industrial facility with cranes and ample yard.
      2119 W 44th St, Odessa, TX 79764
      View Details
    • $550,000
      1,440 SF

      Odessa Restaurant with High Visibility

      Full-service restaurant with high traffic exposure in Odessa, Texas.
      1306 E 7th St, Odessa, TX 79761
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.43 acres with office potential in Odessa, Texas.
    Where is this commercial land located?
    The property is located at 411 Saraway Road Odessa, TX.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: 2.43 acre lot suitable for various uses; Two mobile homes included; Potential for use as an office with truck parking
    (432) 238-8392
    We can help!
    Listing Contact
    Sarah Ivey
    Sarah Ivey
    Real Estate License ID: 0408989
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    411 Saraway Road, Odessa, TX 79766

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!