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

    920 N Hancock Ave Odessa, TX 79761

    Sponsored
    For Sale
    $65,000

    LAND - Odessa, TX

    Lot size:
    0.17 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 4 at 4:06 am

    Property Features for 920 N Hancock Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    28100.01060.00000
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Esmeralda Griego

    Melody Villasana, Broker (432) 559-7703

    Listing agent Esmeralda Griego (432) 880-5054

    Listing date Mar 3, 2026

    MLS# 167891

    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

    Corner Lot in Odessa, TX

    This is a 0.174-acre raw land parcel situated on a corner lot. The property presents an opportunity for constructing a home, duplex, or a commercial building. It is located in Odessa, Texas, within Ector County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3691969
    Latitude
    31.8545955

    Nearby Similar for Sale

    • $445,000
      3,041 SF

      Odessa Flex Space with Office

      3,041 SF flex space with remodeled office on 0.46 acres.
      13023 W County Road 123, Odessa, TX 79765
      View Details
    • $500,000
      9,116 SF

      Versatile Building in Odessa, Texas

      Adaptable 9,116 sq ft building suitable for various uses.
      1709 W 9Th St, Odessa, TX 79763
      View Details
    • $700,000
      5,000 SF

      Versatile Commercial Space in Odessa, TX

      Commercial property with office space, storage, and a 3-bay shop.
      1135 W 42Nd St, 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
    • $1,999,000
      5,552 SF

      Modern Office Space in Odessa

      Flexible office space with modern amenities and ample parking.
      501 E 7Th St, Odessa, TX 79761
      View Details
    • $3,250,000
      38,465 SF

      Renovated Warehouse with Showroom, Offices

      Renovated warehouse with showroom, offices, and secured parking.
      2400 Steven Rd, Odessa, TX 79764
      View Details
    • $475,000
      2,400 SF

      Commercial Property with Fenced Yard

      Versatile commercial property with fenced yard and RV hookup.
      12001 W County Road 129, Odessa, TX 79765
      View Details
    • $430,000
      2,275 SF

      Professional Office Building in Odessa

      Professional office building with flexible space for various business needs.
      1400 N Grandview Ave, Odessa, TX 79761
      View Details
    • $455,000
      4,440 SF

      Versatile Commercial Building in Odessa

      4,440 sq ft building ideal for retail, office, or showroom.
      801 2Nd St, Odessa, TX 79763
      View Details
    • $180,000
      5,620 SF

      Odessa Office Building For Sale

      Office building in Odessa, Texas, with redevelopment potential.
      800 S Jackson Ave, Odessa, TX 79761
      View Details
    • $450,000
      10,100 SF

      Odessa Industrial Property with Shop

      10,100 SF industrial property with office and shop space.
      1606 S Regal Pl, Odessa, TX 79763
      View Details
    • $3,000,000
      11,896 SF

      Odessa Freestanding Building on Andrews

      11,896 SF building on 1.005 acres, high-traffic location.
      3636 Andrews Hwy, Odessa, TX 79762
      View Details

    FAQs

    What type of property is this?
    Commercial land - Raw land suitable for residential or commercial development.
    Where is this commercial land located?
    The property is located at 920 N Hancock Ave Odessa, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - Prime corner lot location; - Opportunity to build a custom home; - Potential for duplex construction
    (432) 880-5054
    Request Owner's contact information
    920 N Hancock Ave 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.
    920 N Hancock Ave
    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
    920 N Hancock Ave 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
    Esmeralda Griego
    (432) 880-5054
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!