Industrial Property with
New
For Sale
$1,370,000
11010 W Joan Dr, Odessa, TX 79764
Fully fenced yard with a 50-by-80 warehouse shop, office-showroom, and residential housing on-site.
Property Size8,592 SF
Lot Size5.76 Acres
Price / SF$159.45
Days on Market5
Property Features for 11010 W Joan Dr
General Information
Standard status
Active
Size
8,592 SF
Lot size
5.76 Acres
Lease Type
NNN
Additional Details
Fenced Yard
Yes
Clear Height
20 ft
Building Details
Year Built
2019
Listing Agency:
New Heights Real Estate
(432) 703-2545
Listed By:
Cassandra Pearce · License #TREC 0588281
Source:
Hauspg
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 8:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New Heights Real Estate
Investment Insights
Based on property information with market context.
This commercial/industrial property sits on 5.76 fully fenced acres and is set up to support multiple on-site functions. The main warehouse/shop measures 50 by 80 with 20-foot heights, includes four 16-by-14 bay doors, and has dedicated power. A separate office-showroom building features a full kitchen, restroom, and HVAC.
The property also includes residential accommodations: a freshly painted 1,568-square-foot 3-bedroom mobile home with a large porch. Additional improvements include a 6-bay horse stall and other storage/outbuildings. The fenced yard is described as suitable for RV and housing opportunities, and the entire property (and a trailer, if available) may be offered sale/lease.
Overall, the site combines warehouse capacity, office-showroom space, and on-site living/storage components within a fully fenced industrial yard environment.
The property also includes residential accommodations: a freshly painted 1,568-square-foot 3-bedroom mobile home with a large porch. Additional improvements include a 6-bay horse stall and other storage/outbuildings. The fenced yard is described as suitable for RV and housing opportunities, and the entire property (and a trailer, if available) may be offered sale/lease.
Overall, the site combines warehouse capacity, office-showroom space, and on-site living/storage components within a fully fenced industrial yard environment.
Key Highlights
- 5.76 fully fenced acres with metal fenced yard for commercial/industrial use.
- 50x80 main warehouse/shop with 20‑foot heights, four 16x14 bay doors, and dedicated power.
- Separate office‑showroom building with full kitchen, restroom, and HVAC.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.4k | $21.00 |
| − Vacancy | −$28.0k | −$3.26 |
| EGI | $152.5k | $17.75 |
| − OpEx | −$38.1k | −$4.44 |
| NOI | $114.3k | $13.31 |
8,592 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$12.49M
$10.93M – $14.57M
NOI $874,359 @ 7.0% cap · market cap 63.82%
Second Best
Warehouse
$10.11M
$8.84M – $11.79M
NOI $707,470 @ 7.0% cap · market cap 51.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79764, TX
26,271
Population
10,326
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
482
Density / Sq Mi
$68,367
Median Household Income
$52,054
Median Earnings
$944
Median Rent
$150,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully fenced yard with a 50-by-80 warehouse shop, office-showroom, and residential housing on-site.
Where is this flex space located?
The property is located at 11010 W Joan Dr Odessa, TX.
What is the asking price?
The asking price for this property is $1,370,000.
What are key features of this property?
This property features: 5.76 fully fenced acres with metal fenced yard for commercial/industrial use.; 50x80 main warehouse/shop with 20‑foot heights, four 16x14 bay doors, and dedicated power.; Separate office‑showroom building with full kitchen, restroom, and HVAC.
