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    501 Hillcrest Ave Odessa, TX 79761

    For Sale
    $765,000

    16,760 sq ft shop, .65 acre lot, $765,000

    Property size:
    16,760 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This expansive commercial/industrial property, located at 501 Hillcrest Ave in Odessa, Texas, presents a unique investment opportunity. Boasting a substantial 16,760 square feet of space, this versatile building sits on a sizable 0.65-acre lot, offering ample room for expansion or outdoor operations. Previously utilized as a machine shop, the property is ideally suited for a variety of industrial uses, particularly those within the oilfield sector. The interior layout is highly adaptable, allowing for customization to meet the specific needs of a diverse range of businesses. The property includes several heavy-duty features, such as multiple lifting hoists and winches, which are valuable assets for any industrial operation requiring heavy equipment handling. Its strategic location in Odessa, Texas, provides excellent access to transportation networks and a skilled workforce. The asking price for this exceptional property is $765,000, representing a compelling investment opportunity for discerning buyers seeking a substantial and well-equipped industrial space. Don't miss the chance to acquire this remarkable property and unlock its considerable potential. The property's size, features, and location combine to create a truly exceptional offering in the Odessa commercial real estate market.

    Property Features for 501 Hillcrest Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    16,760 SF
    Lot Size
    28,314 SF

    Building Details

    Year Built
    1937
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Basin Machine & Manufacturing ... Machine Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3529
    Latitude
    31.85577

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    FAQs

    What type of property is this?
    Commercial real estate - 16,760 sq ft shop, .65 acre lot, $765,000
    Where is this commercial real estate located?
    The property is located at 501 Hillcrest Ave Odessa, TX.
    What is the asking price?
    The asking price for this property is $765,000.
    (432) 215-8085
    Request Owner's contact information
    501 Hillcrest Ave Odessa, TX 79761
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    Odessa, TX 79761
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    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
    501 Hillcrest Ave Odessa, TX 79761
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