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Property profile & analytics
OFF-MARKET
Distribution centers

501 Hillcrest Ave Odessa, TX 79761

16,760 SF 0.65 ac lot
Property ID
US82-4180177
Property summary
AI-generated overview

This exceptional industrial property, located at 501 Hillcrest Ave, Odessa, TX 79761, presents a unique investment opportunity. The 16,760 square foot building sits on a 0.65-acre lot in Ector County. Originally constructed in 1937, with an office section added in 1960, this versatile space offers a blend of historical character and modern functionality. Previously used as a machine shop, the property is ideally suited for a variety of industrial uses, particularly those within the oilfield sector. The building features several heavy-duty lifting hoists and winches, adding significant value for businesses requiring such equipment. The ample space and adaptable layout provide endless possibilities for expansion and customization to meet specific business needs. Priced at $765,000, this property offers a compelling combination of size, location, and functionality, making it an attractive investment for discerning buyers seeking a well-established industrial space in a thriving Texas market. The property's strategic location in Odessa, Texas provides easy access to major transportation routes and a skilled workforce. Don't miss this chance to acquire a substantial industrial asset with significant potential for growth and profitability.

Property profile
Verified
Property type Distribution centers
Total area 16,760 SF
Lot 0.65 ac (28,488 SF)
UPID US82-4180177
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Basin Machine & Manufacturing Co Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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