Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    850 I-20 Penwell, TX 79776

    For Sale
    $779,000

    Penwell, TX: Shop, Office, & Storage

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property boasts 4,000 square feet of versatile space, ideally situated on 0.29 acres of land with prime Interstate 20 West frontage just outside Odessa, Texas. The property features a main building encompassing a shop and office area, complemented by a mezzanine level for additional storage or office space. Separate storage buildings provide ample room for inventory or equipment. Multiple access points from the I-20 West service road ensure convenient accessibility for both customers and employees. Rail access is available, although a spur is not currently present. The property is offered for both sale and lease. The sale price for the 0.29-acre parcel is $779,000. An expanded offering of up to 5+ acres is also available for purchase, priced at $890,000. Lease options are available for the 0.29-acre parcel at $6,000 per month, or for a larger 5+ acre parcel at $8,900 per month. Potential buyers or lessees should note that water tanks will be needed, as a well is not currently on the property. This property presents a unique opportunity for businesses seeking high visibility and convenient access to major transportation routes. Its versatile layout and ample storage make it suitable for a wide range of commercial uses. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 850 I-20

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,000 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1999
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Penwell
    County
    Ector
    State
    Texas
    Longitude
    -102.6128
    Latitude
    31.8491

    Nearby Comparable

    • $990,000
      12.00 Acres

      Odessa Commercial Land - 12 Acres

      Prime 12-acre commercial lot, Odessa, TX.
      5450 Fm 866, Odessa, TX 79764
      View Details
    • $1,800,000
      5.00 Acres

      Industrial Land with Highway Frontage

      Move-in ready land with warehouse, shop, and highway frontage.
      54505268 N Fm 866, Odessa, TX 79766
      View Details
    • $45,000
      0.96 Acres

      Odessa Land For Sale

      Commercial land in Odessa, suitable for home or small business.
      15786 W 37Th St, Odessa, TX 79764
      View Details
    • $500,000
      3,000 SF

      West Odessa Commercial Shop

      3,000 sq ft shop on 2.77 acres in West Odessa.
      1857 N Fortune 500 Dr, Odessa, TX 79763
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      3,472 SF

      Truck Stop on I-20

      Truck stop with store, kitchen, and fuel islands.
      Penwell, TX
      View Details
    • $779,000
      4,000 SF

      Penwell Warehouse with I-20 Frontage

      Warehouse with shop, office, and storage near I-20.
      850 W I-20, Penwell, TX 79776
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Penwell, TX: Shop, Office, & Storage
    Where is this commercial real estate located?
    The property is located at 850 I-20 Penwell, TX.
    What is the asking price?
    The asking price for this property is $779,000.
    (210) 824-1476
    Request Owner's contact information
    850 I-20 Penwell, TX 79776
    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.
    850 I-20
    Penwell, TX 79776
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    850 I-20 Penwell, TX 79776
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.