Log Cabin with Large
For Sale
Contact for pricing
1525 N Ave D, Odessa, TX 79763
Unique log cabin on 1 acre with a massive shop.
Property Size2,100 SF
Lot Size1.00 Acre
Price / SF$278.57
Days on Market138
Property Features for 1525 N Ave D
General Information
Standard status
Active
Size
2,100 SF
Lot size
1.00 Acre
Property subtype
Special Purpose
Building Details
Year Built
1981
Listing Agency:
Keller Williams Realty Midland
(432) 520-5151
Listed By:
Sarah Dixon · License #TX 0589480
Source:
Crexi
Added: Mar 16
Changed: Jul 10
Last Checked: Jul 30 at 1:26PM
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
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 For Mixed Use
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 | $46.6k | $22.20 |
| − Vacancy | −$4.2k | −$2.00 |
| EGI | $42.4k | $20.20 |
| − OpEx | −$15.9k | −$7.58 |
| NOI | $26.5k | $12.63 |
2,100 SF · lease $22.20/SF/yr · vacancy 9.00% · expense 37.50%
Alternative Uses
Best Use
Flex RnD
$3.05M
$2.67M – $3.56M
NOI $213,705 @ 7.0% cap · market cap 36.53%
Second Best
Industrial
$1.78M
$1.56M – $2.08M
NOI $124,627 @ 7.0% cap · market cap 21.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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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 $584,999.
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.
