Workshop with Duplex
12200 E Interstate 20 Odessa, TX 79765
12200 E Interstate 20, Odessa, TX, 79765
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For Sale
Contact for pricing
Includes a spacious workshop, two offices, and three duplex units with shared utilities and gated, fenced yard access.
Property Size6,800 SF
Price / SF$220.29
Days on Market113
Property Features for 12200 E Interstate 20
General Information
- Standard status
- Active
- Size
- 6,800 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2011
Listing agency
New Heights Real Estate, LLC
(432) 703-2545
Listed by
Cassandra "Cassie" Pearce 432-703-2545 · License #TX 588281
Source
Crexi
Added: Apr 1 Updated: Jul 21 at 4:07PM Checked: Jul 21 at 4:07PM
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.8k | $13.80 |
| − Vacancy | −$6.1k | −$0.90 |
| EGI | $87.7k | $12.90 |
| − OpEx | −$26.3k | −$3.87 |
| NOI | $61.4k | $9.03 |
6,800 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$8.00M
$7.00M – $9.33M
NOI $559,916 @ 7.0% cap · market cap 37.38%
Second Best
Multifamily LT 5
$877.4K
$767.7K – $1.02M
NOI $61,418 @ 7.0% cap · market cap 4.10%
Theoretical Best
Flex RnD
$9.89M
$8.65M – $11.53M
NOI $691,997 @ 7.0% cap · market cap 46.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Burritos ahii chihuahua ...
Restaurant
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FAQs
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 E Interstate 20 Odessa, TX.
What is the asking price?
The asking price for this property is $1,498,000.
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
