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    Industrial Flex Space with Office Title is generated by Realmo AI

    11421 West County Road 122, Odessa, TX 79765

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    Industrial flex space offering office and shop areas suited for warehouse or operational uses in West Texas.

    Type:Industrial, Office
    Property size:
    4,015 SF
    Added:
    Jun 4, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 4:42 am

    Property Features for 11421 West County Road 122

    General Information

    Standard status
    Active
    Size
    4,015 SF
    Property subtype
    Industrial, Office

    Spaces For Lease

    at 11421 West County Road 122 Contact us

    We can help!

    Listing Contact
    Trey Dennis
    Trey Dennis

    Listing agent Trey Dennis License #TX 723150

    Listing office Moriah Real Estate Company, LLC

    Listing date Jun 4, 2026

    Source Crexi

    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 Moriah Real Estate Company, LLC

    HighLights

    • ~1,000 SF office space plus ~3,015 SF shop space in Odessa industrial flex property
    • Flexible layout supports industrial, warehouse, distribution, or operational uses
    • High ceilings and functional shop space for day‑to‑day operations
    • Ample parking for employees and visitors
    • Convenient access to I‑20 and major industrial corridors in the Permian Basin
    • Nearby access to Odessa‑Schlemeyer Field Airport

    Overview

    11421 W County Road 122 is an industrial flex offering with approximately 1,000 SF of office space and about 3,015 SF of shop space. The layout is designed to support a range of industrial, warehouse, distribution, or operational needs, with high ceilings and flexible space that can support day-to-day work activities. Ample parking is available for employees and visitors.

    The property is located in Odessa, Texas, within the Permian Basin, and is positioned to serve companies operating across West Texas. The public remarks note convenient access to Interstate 20, as well as Odessa-Schlemeyer Field Airport and major industrial corridors, supporting connectivity for logistics and service operations.

    For tenants looking for an all-in-one setup, the combination of office and shop space can work well for operational teams that need dedicated administrative space alongside functional warehouse or shop use. With the flexible layout and high-ceiling shop area, this space may fit businesses that want room for ongoing operations while keeping a clear division between office needs and work areas.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Auto Parts Store Storage Facility Computer & Electronic Repair (Bike/Boat/Book/etc) Store Hotel & Motel Wine and Liquor Store Travel Agency Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.237785
    Latitude
    31.916986

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    FAQs

    What type of property is this?
    Flex space - Industrial flex space offering office and shop areas suited for warehouse or operational uses in West Texas.
    Where is this flex space located?
    The property is located at 11421 West County Road 122 Odessa, TX.
    What are key features of this property?
    This property features: ~1,000 SF office space plus ~3,015 SF shop space in Odessa industrial flex property; Flexible layout supports industrial, warehouse, distribution, or operational uses; High ceilings and functional shop space for day‑to‑day operations
    (432) 682-2510 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Trey Dennis
    Trey Dennis
    Real Estate License ID: TX 723150
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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