New Flex Space with Oversized
For Sale
$750,000
12011 Ranchito Lane, Odessa, TX 79763
Commercial Sale, Odessa, TX
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$150
Days on Market47
Property Features for 12011 Ranchito Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced
Subdivision
ZZ
Standard status
Active
APN
08758.00060.00000
Size
5,000 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
620
Utilities
Sewer type
Private Sewer
Water source
Well
Amenities
bathroom
common area
Building Details
Year built
2024
Building materials
Concrete, Metal Construction, Metal Siding
Roof type
Metal
Listing Agency:
D.E. The Home Boss Group LLC
(432) 230-3432
Listed By:
Alex Ramirez · License #0765630
(432) 559-7108
Added: Sep 1
Changed: Oct 10
Last Checked: Oct 17 at 6:06PM
MLS# 173630
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.
Built in 2024, this 5,000-square-foot flex property combines a 4,000-square-foot insulated shop with 1,000 square feet of office space. The office area includes a bathroom and common area, while the facility provides two bathrooms overall and four oversized bay doors measuring 10 by 14 feet each.
The property sits on 1 acre at 12011 Ranchito Lane in Odessa, Texas. Improvements include concrete and metal construction, metal siding, a metal roof, and fencing. Water is supplied by a well, and the property uses a private sewer system.
The property sits on 1 acre at 12011 Ranchito Lane in Odessa, Texas. Improvements include concrete and metal construction, metal siding, a metal roof, and fencing. Water is supplied by a well, and the property uses a private sewer system.
Key Highlights
- 5,000‑square‑foot flex property on 1 acre
- 4,000‑square‑foot insulated shop with 1,000 square feet of office space
- Four oversized 10x14 bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,544
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,880
$1.3M
Cap Rate 7%
$950,629
$950.6K
Cap Rate 9%
$739,378
$739.4K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$105.0K $21.00/SF
− Vacancy
−$16.3K −$3.26/SF
EGI
$88.7K $17.75/SF
− OpEx
−$22.2K −$4.44/SF
NOI
$66.5K $13.31/SF
Area
Odessa, TX
Vacancy
15.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,880
Cap Rate 7%
$950,629
Cap Rate 9%
$739,378
Alternative Uses
Best Use
Flex RnD
$7.27M
$6.36M – $8.48M
NOI $508,821 @ 7.0% cap · market cap 67.84%
Second Best
Warehouse
$5.88M
$5.15M – $6.86M
NOI $411,703 @ 7.0% cap · market cap 54.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
31
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Recently built, fenced flex facility with insulated shop space, dedicated offices, bathrooms, and private utility infrastructure.
Where is this flex space located?
The property is located at 12011 Ranchito Lane Odessa, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,000‑square‑foot flex property on 1 acre; 4,000‑square‑foot insulated shop with 1,000 square feet of office space; Four oversized 10x14 bay doors
