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    1506 W 2Nd St Odessa, TX 79761

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    For Sale
    $1,800,000

    Retail property with direct access to I-20 and Hwy 385.

    Property size:
    21,500 SF
    Lot size:
    1.56 Acres

    Property Features for 1506 W 2Nd St

    General Information

    Size
    21,500 SF
    Lot size
    1.56 Acres

    Source: Marcus & Millichap | San Diego Agent Alvin N. Mansour

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property on I-20 Loop

    This retail property is strategically located on the I-20 Business Loop, offering direct access to I-20 and Hwy 385. The property is situated near the Odessa Motor Freight Terminal and Union Pacific Rail Yard, placing it within a core trucking corridor for West Texas logistics. The surrounding area is densely populated. The property has a size of 21500 square feet and features annual rental increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LubeZone Truck Lube ... Oil Change Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.350103
    Latitude
    31.853725

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    FAQs

    What type of property is this?
    Retail property - Retail property with direct access to I-20 and Hwy 385.
    Where is this retail property located?
    The property is located at 1506 W 2Nd St Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - Strategically located on I-20 Business Loop; - Direct access to I-20 & Hwy 385; - Core trucking corridor for West Texas logistics
    (858) 373-3184
    Request Owner's contact information
    1506 W 2Nd St 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
    1506 W 2Nd St Odessa, TX 79761
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