New Flex Space with Oversized
New
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 Market2
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
Last Checked: Sep 2 at 8:06AM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,544
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
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 - 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
