Log Cabin with Large
1525 N Ave D, Odessa, TX 79763
For Sale
$559,900
Unique log cabin on 1 acre with a massive shop.
Property Size2,100 SF
Lot Size1.00 Acre
Price / SF$266.62
Days on Market231
Property Features for 1525 N Ave D
General Information
Standard status
Size
Lot size
Building Details
Year Built
Listing Agency:
Keller Williams Realty - Midland & Odessa
Listed By:
Sarah Dixon · License TX #0589480
(432) 349-0110
Source:
Billlanier
Added: Mar 27
Changed: Nov 5
Last Checked: Nov 12 at 9:27AM
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 Keller Williams Realty - Midland & Odessa
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Investment Insights
Based on property information with market context.
This rare, one-of-a-kind log cabin is situated on 1 acre just outside the Odessa city limits. The well-maintained, two-story home offers approximately 2,100 square feet of living space. Interior features include a spacious living area, a loft, and a wood-burning fireplace. The property benefits from energy-efficient construction, with average electric costs of $200 covering both the home and the shop. The kitchen is equipped with granite countertops, stainless steel appliances, and a gas stove. Additional interior features include a spacious laundry room and mini-split systems. The property has a metal roof and major updates approximately 2 years old. Outdoor amenities include a covered patio with a hot tub, RV parking, and an 8-foot metal fence. A massive 100'x40' shop is also located on the property. The property is suitable for all business or mixed-use purposes.
Key Highlights
- One‑of‑a‑kind log cabin on 1 acre outside city limits.
- Massive 100’x40 shop suitable for business or mixed use.
- Enjoy the covered patio with hot tub.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,515
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,300
$530.3K
Cap Rate 7%
$378,786
$378.8K
Cap Rate 9%
$294,611
$294.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$46.6K $22.20/SF
− Vacancy
−$4.2K −$2.00/SF
EGI
$42.4K $20.20/SF
− OpEx
−$15.9K −$7.58/SF
NOI
$26.5K $12.63/SF
Area
Odessa, TX
Vacancy
9.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,300
Cap Rate 7%
$378,786
Cap Rate 9%
$294,611
Alternative Uses
Best Use
Mixed Use
$378.8K
$331.4K – $441.9K
NOI $26,515 @ 7.0% cap · market cap 4.74%
Second Best
Industrial
$154.5K
$135.2K – $180.2K
NOI $10,814 @ 7.0% cap · market cap 1.93%
Theoretical Best
Office A
$533.8K
$467.0K – $622.7K
NOI $37,363 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
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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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Unique log cabin on 1 acre with a massive shop.
Where is this mixed-use property located?
The property is located at 1525 N Ave D Odessa, TX.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: One‑of‑a‑kind log cabin on 1 acre outside city limits.; Massive 100’x40 shop suitable for business or mixed use.; Enjoy the covered patio with hot tub.
