Industrial Office Shop with
1010 S S Meadow Ave Odessa, TX 79761
New
1010 S S Meadow Ave, Odessa, TX, 79761
$1,150,000
For Sale
$1,150,000
Metal office/shop with pull-through bays, large overhead doors, and fenced, stabilized yard on light industrial land.
Property Size6,400 SF
Lot Size2.31 Acres
Price / SF$179.69
Days on Market2
Property Features for 1010 S S Meadow Ave
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Lot size
- 2.31 Acres
Building Details
- Year Built
- 2014
Listing agency
Heritage Real Estate
(432) 246-7324
Listed by
Regginald Moore
Source
Billlanier
Added: Jul 21 Updated: Jul 22 at 1:42PM Checked: Jul 22 at 1:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Heritage Real Estate
Investment Insights
Based on property information with market context.
This 6,400 SF metal office/shop is situated on 2.31 acres consisting of three contiguous lots that convey together. The office portion includes eight private offices and a reception area, along with a break room. The shop features a four-bay pull-through layout with 12' x 14' overhead doors and a fire separation wall. Support amenities include an ADA restroom plus a shower.
The property is in Dovecote Industrial Park and is fenced with a stabilized yard, with ample paved parking on site. It offers direct access to I-20 in an active Permian Basin corridor with heavy-equipment, diesel, and oilfield users. The property is served by single-phase service.
Zoned L1 Light Industrial. Information is approximate and the buyer is responsible for verification.
The property is in Dovecote Industrial Park and is fenced with a stabilized yard, with ample paved parking on site. It offers direct access to I-20 in an active Permian Basin corridor with heavy-equipment, diesel, and oilfield users. The property is served by single-phase service.
Zoned L1 Light Industrial. Information is approximate and the buyer is responsible for verification.
Key Highlights
- 6,400 SF metal office/shop on 2.31 acres in Dovecote Industrial Park
- 8 private offices plus reception, break room, and ADA restroom with shower
- 4‑bay pull‑through shop with 12' x 14' overhead doors and fire separation wall
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 | $134.4k | $21.00 |
| − Vacancy | −$20.8k | −$3.26 |
| EGI | $113.6k | $17.75 |
| − OpEx | −$28.4k | −$4.44 |
| NOI | $85.2k | $13.31 |
6,400 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$9.30M
$8.14M – $10.85M
NOI $651,291 @ 7.0% cap · market cap 56.63%
Second Best
Warehouse
$7.53M
$6.59M – $8.78M
NOI $526,979 @ 7.0% cap · market cap 45.82%
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
JW LLC Trucking
Trucking Company
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Metal office/shop with pull-through bays, large overhead doors, and fenced, stabilized yard on light industrial land.
Where is this flex space located?
The property is located at 1010 S S Meadow Ave Odessa, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 6,400 SF metal office/shop on 2.31 acres in Dovecote Industrial Park; 8 private offices plus reception, break room, and ADA restroom with shower; 4‑bay pull‑through shop with 12' x 14' overhead doors and fire separation wall
