Fenced Flex Space with
For Sale
$1,079,000
12200 W I-20, Odessa, TX 79763
Commercial Sale, Odessa, TX
Property Size7,600 SF
Lot Size2.58 Acres
Price / SF$141.97
Days on Market192
Property Features for 12200 W I-20
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
T-2-S
Standard status
Active
Size
7,600 SF
Lot size
2.58 Acres
Taxes and HOA fees
Tax Description
2.577 acres out of 6.225 acres tract volume: 1333 pg 854 of: T-2-S BLK 43 SEC 43 (CARD #18)
Tax Annual Amount
15000
Legal Description
2.577 acres out of 6.225 acres tract volume: 1333 pg 854 of: T-2-S BLK 43 SEC 43 (CARD #18)
Building Details
Year built
2011
Listing Agency:
New Heights Real Estate
(210) 824-1476
Listed By:
Cassandra Pearce · License #TREC#0588281
(432) 703-2545
Added: Mar 31
Changed: Sep 5
Last Checked: Oct 8 at 7:06AM
MLS# 50093943
Copyright © 2026 Permian Basin 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.
This 7,600-square-foot flex space, built in 2011, combines office, workshop, restroom, yard, and residential improvements. The property includes two offices, a spacious workshop, full restrooms, HVAC, and three duplexes with six rooms total. A shared water well serves the site, while septic supports the shop and housing units.
The property is located at 12200 W I-20 in Odessa, with highway frontage and interstate visibility. The yard is fenced and secured by gated access, providing a defined outdoor area alongside the building and residential improvements.
The property is located at 12200 W I-20 in Odessa, with highway frontage and interstate visibility. The yard is fenced and secured by gated access, providing a defined outdoor area alongside the building and residential improvements.
Key Highlights
- 7,600‑square‑foot flex space built in 2011
- Two offices, workshop, and full restrooms
- Three duplexes with six rooms total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,644
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,372,880
$1.4M
Cap Rate 7%
$980,629
$980.6K
Cap Rate 9%
$762,711
$762.7K
Market Conditions
NOI Build-Up for 7,600 SF
Gross rent
$104.9K $13.80/SF
− Vacancy
−$6.8K −$0.90/SF
EGI
$98.1K $12.90/SF
− OpEx
−$29.4K −$3.87/SF
NOI
$68.6K $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%
$1,372,880
Cap Rate 7%
$980,629
Cap Rate 9%
$762,711
Alternative Uses
Best Use
Flex RnD
$11.05M
$9.67M – $12.89M
NOI $773,408 @ 7.0% cap · market cap 71.68%
Second Best
Industrial
$6.44M
$5.64M – $7.52M
NOI $451,030 @ 7.0% cap · market cap 41.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
13
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 - Fenced commercial property with offices, a workshop, full restrooms, housing, and gated yard access.
Where is this flex space located?
The property is located at 12200 W 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: 7,600‑square‑foot flex space built in 2011; Two offices, workshop, and full restrooms; Three duplexes with six rooms total
