10900 W Highway 80 East, Odessa, TX 79765

Listing Agency: Cushman & Wakefield | PIRES International

Listed By: Brett Preston · License TX #0414041 Show Phone

Source: Crexi

Added: Oct 13 Changed: Nov 8 Last Checked: Nov 10 at 9:03AM

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Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This industrial property contains 9,608 square feet of space.

Key Highlights

• 9,608 square feet of industrial space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,478

Cap Rate

4.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$989,560 $989.6K

Cap Rate 7%

$706,829 $706.8K

Cap Rate 9%

$549,756 $549.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,608 SF

Gross rent

$77.2K $8.04/SF

− Vacancy

−$6.6K −$0.68/SF

EGI

$70.7K $7.36/SF

− OpEx

−$21.2K −$2.21/SF

NOI

$49.5K $5.15/SF

Area

Ector County, TX

Vacancy

8.50%

Lease Rate

$8.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$989,560

Cap Rate 7%

$706,829

Cap Rate 9%

$549,756

Alternative Uses

Best Use

Industrial

$706.8K

$618.5K – $824.6K (±1% cap)

NOI $49,478 @ 7.0% cap · market cap 4.90%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.44M

$2.14M – $2.85M (±1% cap)

NOI $170,942 @ 7.0% cap · market cap 16.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mc Lain Truck ... Trucking Company Pilot Flying J ... Trucking Company Simons Petroleum Gas Station

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Storage Facility Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

184

Businesses Nearby

Explore this area Business Placement

Demographics for 79765, TX

21,163

Population

9,709

Households

2.2

Avg Household Size

31

Median Age

26%

College-Educated

91%

High-School Grad

23.4 sq mi

ZIP Area

904

Density / Sq Mi

$100,844

Median Household Income

$53,204

Median Earnings

$1,535

Median Rent

$299,800

Median Home Value

Market

Average Price Trend$/SF for Industrial properties in Odessa, TX

$112 Jul

$112 Aug

$111 Sep

$106 Oct

Properties on Market for Industrial properties in Odessa

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial property - The property offers 9,608 square feet of industrial space.

Where is this industrial property located?

The property is located at 10900 W Highway 80 East Odessa, TX.

What is the asking price?

The asking price for this property is $1,008,840.

What are key features of this property?

This property features: 9,608 square feet of industrial space