Metal Warehouse with Storage
1062 FM 1936, Odessa, TX 79763
For Sale
$250,000
Commercial Sale, Odessa, TX
Property Size3,120 SF
Lot Size3.21 Acres
Price / SF$80.13
Days on Market8
Property Features for 1062 FM 1936
General Information
Property type
Property subtype
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
Slate Realty, PLLC
Listed By:
Marcie Tacker
(432) 528-1865
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 13 at 10:06PM
MLS# 178748
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.
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Investment Insights
Based on property information with market context.
The 3,120-square-foot metal warehouse was built in 1975 and has three overhead doors. A separate building on the property may provide additional storage space.
The 3.212-acre property fronts FM 1936 in Odessa, Texas.
The 3.212-acre property fronts FM 1936 in Odessa, Texas.
Key Highlights
- 3,120‑square‑foot metal warehouse with three overhead doors
- 3.212‑acre property with frontage along FM 1936
- Separate building with potential for additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,510
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,200
$390.2K
Cap Rate 7%
$278,714
$278.7K
Cap Rate 9%
$216,778
$216.8K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$25.1K $8.04/SF
− Vacancy
−$2.1K −$0.68/SF
EGI
$23.0K $7.36/SF
− OpEx
−$3.4K −$1.10/SF
NOI
$19.5K $6.25/SF
Area
Ector County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,200
Cap Rate 7%
$278,714
Cap Rate 9%
$216,778
Alternative Uses
Best Use
Warehouse
$278.7K
$243.9K – $325.2K
NOI $19,510 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$793.0K
$693.9K – $925.2K
NOI $55,510 @ 7.0% cap · market cap 22.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79763, TX
39,767
Population
15,063
Households
2.6
Avg Household Size
33
Median Age
9%
College-Educated
70%
High-School Grad
50.4 sq mi
ZIP Area
789
Density / Sq Mi
$57,618
Median Household Income
$45,267
Median Earnings
$1,097
Median Rent
$127,300
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Odessa, TX
Properties on Market for Warehouses in Odessa
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Presto Storage — 1900 FM 1936, Odessa, TX 79763
Frequently Asked Questions
What type of property is this?
Warehouse - The property fronts FM 1936 in Odessa and includes a separate building for potential storage.
Where is this warehouse located?
The property is located at 1062 FM 1936 Odessa, TX.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 3,120‑square‑foot metal warehouse with three overhead doors; 3.212‑acre property with frontage along FM 1936; Separate building with potential for additional storage
