Workshop with Duplex
For Sale
Contact for pricing
12200 I-20, Odessa, TX 79765
Includes a spacious workshop, two offices, and three duplex units with shared utilities and gated, fenced yard access.
Property Size6,800 SF
Price / SF$158.68
Days on Market192
Property Features for 12200 I-20
General Information
Standard status
Active
Size
6,800 SF
Property subtype
Retail
Zoning
EC1
Lease Type
NNN
Building Details
Year Built
2011
Buildings
4
Listing Agency:
New Heights Real Estate, LLC
Listed By:
Cassandra "Cassie" Pearce 432-703-2545 · License #TX 588281
(432) 703-2545
Source:
Crexi
Added: Apr 1
Changed: Sep 23
Last Checked: Oct 7 at 10:00AM
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, LLC
Investment Insights
Based on property information with market context.
This property combines a workshop facility with on-site office space and residential units. The existing improvements include two offices, a spacious workshop, and full restrooms, along with housing comprised of three well-maintained duplexes totaling six rooms. The property also includes HVAC and a fenced yard with gated access.
The site offers highway frontage and interstate visibility, with shared water well service and septic systems serving the shop and housing units. The land is listed at 2.557 acres, with up to 6.225 possible acres available upon request for pricing and details.
Overall, the layout is designed to support both operational space and attached housing within a single, controlled-access property configuration.
The site offers highway frontage and interstate visibility, with shared water well service and septic systems serving the shop and housing units. The land is listed at 2.557 acres, with up to 6.225 possible acres available upon request for pricing and details.
Overall, the layout is designed to support both operational space and attached housing within a single, controlled-access property configuration.
Key Highlights
- 2.557‑acre property with Hwy frontage and interstate visibility, built in 2011
- Improvements include a spacious workshop, 2 offices, and full restrooms
- Includes 3 duplexes (6 rooms total) with on‑site housing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,418
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,228,360
$1.2M
Cap Rate 7%
$877,400
$877.4K
Cap Rate 9%
$682,422
$682.4K
Market Conditions
NOI Build-Up for 6,800 SF
Gross rent
$93.8K $13.80/SF
− Vacancy
−$6.1K −$0.90/SF
EGI
$87.7K $12.90/SF
− OpEx
−$26.3K −$3.87/SF
NOI
$61.4K $9.03/SF
Area
Odessa, TX
Vacancy
6.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,228,360
Cap Rate 7%
$877,400
Cap Rate 9%
$682,422
Alternative Uses
Best Use
Warehouse
$8.00M
$7.00M – $9.33M
NOI $559,916 @ 7.0% cap · market cap 51.89%
Second Best
Multifamily LT 5
$877.4K
$767.7K – $1.02M
NOI $61,418 @ 7.0% cap · market cap 5.69%
Theoretical Best
Flex RnD
$9.89M
$8.65M – $11.53M
NOI $691,997 @ 7.0% cap · market cap 64.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79765, TX
21,163
Population
9,709
Households
2.2
Avg Household Size
31
Median Age
26%
College-Educated
91%
High-School Grad
23.4 sq mi
ZIP Area
904
Density / Sq Mi
$100,844
Median Household Income
$53,204
Median Earnings
$1,535
Median Rent
$299,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Includes a spacious workshop, two offices, and three duplex units with shared utilities and gated, fenced yard access.
Where is this warehouse located?
The property is located at 12200 I-20 Odessa, TX.
What is the asking price?
The asking price for this property is $1,079,000.
What are key features of this property?
This property features: 2.557‑acre property with Hwy frontage and interstate visibility, built in 2011; Improvements include a spacious workshop, 2 offices, and full restrooms; Includes 3 duplexes (6 rooms total) with on‑site housing
