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New Flex Industrial Building
For Sale
$807,000

1850 N FM 866, Odessa, TX 79763

Commercial Sale, Odessa, TX

Property Size6,000 SF
Lot Size2.10 Acres
Price / SF$134.50
Days on Market114

Property Features for 1850 N FM 866

General Information

Property type Commercial Sale
Property subtype Other
Subdivision EA2
Standard status Active
Size 6,000 SF
Lot size 2.10 Acres

Taxes and HOA fees

Tax Description LOTS 2 & 3 BLK 1 WILDCATTER PLACE
Tax Annual Amount 565
Legal Description LOTS 2 & 3 BLK 1 WILDCATTER PLACE

Amenities

kitchen
breakroom
conference room

Building Details

Year built 2024
Listing Agency: New Heights Real Estate
Listed By: Cassandra Pearce · License #TREC#0588281
Added: May 19 Changed: Sep 5 Last Checked: Sep 9 at 3:06AM
MLS# 50095308

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 2024, this flex property includes 6,000 square feet arranged with a 4,800-square-foot shop and 1,200 square feet of office space. The facility provides 8 bays, a kitchen, breakroom, conference room, and restrooms serving both the shop and office areas. A caretaker currently occupies the property.

Located at 1850 N FM 866 in Odessa, the site includes truck access from a side road, an asphalt parking area, and a cleared yard enclosed by full metal-panel fencing. Improvements include power, a new water well, and a new permitted septic system. The property is positioned for commercial operations requiring a combination of service, office, parking, and secured yard areas.

Key Highlights

  • 6,000‑square‑foot flex facility built in 2024
  • 4,800‑square‑foot shop plus 1,200 square feet of office space
  • 8 bays with kitchen, breakroom, conference room, and restrooms

Property Analytics

Current Use

Flex space

Lease Details

8
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Recently built flex facility combines a large service area, office component, fenced yard, and truck access from a side road.
Where is this flex space located?
The property is located at 1850 N FM 866 Odessa, TX.
What is the asking price?
The asking price for this property is $807,000.
What are key features of this property?
This property features: 6,000‑square‑foot flex facility built in 2024; 4,800‑square‑foot shop plus 1,200 square feet of office space; 8 bays with kitchen, breakroom, conference room, and restrooms
More about this property
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