Industrial Flex Space with Drive-Through
For Sale
$1,674,004
16751 W Basin St, Odessa, TX 79763
Commercial Sale, Odessa, TX
Property Size9,950 SF
Lot Size4.00 Acres
Price / SF$168.24
Days on Market236
Property Features for 16751 W Basin St
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Basin Industrial Addition
Standard status
Active
Size
9,950 SF
Lot size
4.00 Acres
Taxes and HOA fees
Tax Description
east half of LOT 2 BLK 2 BASIN INDUSTRIAL ADDITION
Tax Annual Amount
558
Legal Description
east half of LOT 2 BLK 2 BASIN INDUSTRIAL ADDITION
Amenities
His/her restrooms
breakroom
conference room
Washbay
covered parking
full kitchen option
washer/dryer hookup
secured IT room
24Hr access
Building Details
Year built
2023
Listing Agency:
New Heights Real Estate
(210) 824-1476
Listed By:
Cassandra Pearce · License #TREC#0588281
(432) 703-2545
Added: Feb 14
Changed: Sep 5
Last Checked: Oct 8 at 7:06AM
MLS# 50090860
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.
Built in 2023, this 9,950-square-foot flex facility occupies 4 acres and combines office and industrial components. The property includes three drive-through bays, a washbay, front overhang, covered parking, and two-story improvements with a conference room, breakroom, his-and-her restrooms, and a second-story restroom with shower. A full kitchen is also available as an option, and the second story includes washer and dryer hookups.
Located immediately off I-20 and FM 866 in Odessa, the property sits on a corner lot with 24-hour access. Industrial infrastructure includes a secured IT room prepared for fiber optics, a compressor line, metered water service, and three-phase 480-volt power. The site is available for sale or lease.
Located immediately off I-20 and FM 866 in Odessa, the property sits on a corner lot with 24-hour access. Industrial infrastructure includes a secured IT room prepared for fiber optics, a compressor line, metered water service, and three-phase 480-volt power. The site is available for sale or lease.
Key Highlights
- 9,950‑square‑foot flex facility on 4 acres
- Three drive‑through bays plus an added washbay
- Built in 2023 with two‑story office improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,422
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,648,440
$2.6M
Cap Rate 7%
$1,891,743
$1.9M
Cap Rate 9%
$1,471,356
$1.5M
Market Conditions
NOI Build-Up for 9,950 SF
Gross rent
$209.0K $21.00/SF
− Vacancy
−$32.4K −$3.26/SF
EGI
$176.6K $17.75/SF
− OpEx
−$44.1K −$4.44/SF
NOI
$132.4K $13.31/SF
Area
Odessa, TX
Vacancy
15.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,648,440
Cap Rate 7%
$1,891,743
Cap Rate 9%
$1,471,356
Alternative Uses
Best Use
Flex RnD
$14.47M
$12.66M – $16.88M
NOI $1,012,554 @ 7.0% cap · market cap 60.49%
Second Best
Warehouse
$11.70M
$10.24M – $13.65M
NOI $819,288 @ 7.0% cap · market cap 48.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
30
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office improvements and industrial service infrastructure are paired with secure around-the-clock access.
Where is this flex space located?
The property is located at 16751 W Basin St Odessa, TX.
What is the asking price?
The asking price for this property is $1,674,004.
What are key features of this property?
This property features: 9,950‑square‑foot flex facility on 4 acres; Three drive‑through bays plus an added washbay; Built in 2023 with two‑story office improvements
