Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Industrial Property Ready For Lease Title is generated by Realmo AI

    16319 W 39th St, Odessa, TX 79764

    View on Map
    Claim this Listing
    For Lease
    $2,300/Mo $16 SF/Yr (calc)

    COMMERCIAL - Odessa, TX

    Property size:
    1,680 SF
    Lot size:
    1.10 Acres
    Added:
    Dec 30, 2025
    Days on Market:
    134
    Last Refresh:
    May 13 at 2:06 am

    Property Features for 16319 W 39th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Fencing
    Fenced, Barbed Wire, Chain Link
    Standard status
    Active
    APN
    20200.00460.00000
    Size
    1,680 SF
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1165

    Utilities

    Water source
    Well

    Building Details

    Year built
    2013
    Building materials
    Metal Construction
    Roof type
    Metal

    We can help!

    Listing Contact
    Joe Garcia
    Joe Garcia

    Listing agent Joe Garcia License #0591918

    Listing office EXIT Permian Basin Realty 3952 E 42nd St. Ste XX, Odessa, TX

    Listing date Dec 30, 2025

    MLS# 161568

    Copyright © 2026 Odessa 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.

    HighLights

    • Two buildings provide ample space for work and storage.
    • Secured property with fencing and two entrances.
    • Utilities are already connected: electricity, water well, and septic system.
    • Metal construction of buildings and roof.
    • Built in 2013.
    • Chain link and barbed wire fencing.

    Overview

    This industrial property, available for lease, features two buildings suitable for work and storage needs. The property is equipped with a security fence that includes two entrances. Essential utilities are in place, including a water well, septic system, and electricity, making it ready for business operations or use as a yard for work trucks. The lot size is 1.1 acres, and the property size totals 1680 square feet. Located in Odessa, Texas, this property in Ector County is ready to support various industrial applications.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Big Box & Wholesale Store Department Store Auto Repair Shop Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.446636
    Latitude
    31.865143

    Nearby Similar for Lease

    • $7,800/Mo

      Commercial Space in Odessa, Texas

      Versatile commercial space suitable for retail, showroom, or service operations.
      981 E 87th St, Odessa, TX 79764
      View Details
    • $3,250/Mo

      Odessa Commercial Space For Rent

      1,920 SF commercial space in high-traffic Odessa location.
      518 S Grant, Odessa, TX 79761
      View Details
    • $300/Mo

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $240 SF/Yr

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $240 SF/Yr

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $300/Mo

      Office Space in Convenient Location

      Office space for rent with prime access and spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $230 SF/Yr

      Office Space in Convenient Location

      Office space with prime access, services, and spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $300/Mo

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $230 SF/Yr

      Office Space in Convenient Location

      Office space with prime access, essential services, spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $300/Mo

      Office Space in Convenient Location

      Office space with prime access, essential services, and spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $240 SF/Yr

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $300/Mo

      Office Space in Convenient Location

      Office space with prime access, essential services, and spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details

    FAQs

    What type of property is this?
    Industrial property - Two-building industrial property with yard, ready for immediate lease.
    Where is this industrial property located?
    The property is located at 16319 W 39th St Odessa, TX.
    What is the lease rate?
    The lease rate is $2,300 /Mo.
    What are key features of this property?
    This property features: Two buildings provide ample space for work and storage.; **Secured property with fencing and two entrances.**; Utilities are already connected: electricity, water well, and septic system.
    (432) 978-2077
    We can help!
    Listing Contact
    Joe Garcia
    Joe Garcia
    Real Estate License ID: 0591918
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16319 W 39th St, Odessa, TX 79764
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!