Property profile

2238 Steven Rd Odessa, TX 79764

OFF-MARKET
Warehouses
Property ID
US82-2305556
67,400 SF 6.09 ac lot Built 1964
Entity Owned
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Property summary

AI-generated overview

This ±6.092-acre Odessa, TX property offers a unique investment opportunity. The vacant industrial facility comprises three main buildings totaling approximately 67,400 square feet, plus two smaller ancillary structures. Building 1, a substantial ±48,860 square foot structure, includes ±4,400 square feet of office space featuring several large offices, a conference room, break room, and restrooms. The remaining ±44,460 square feet is dedicated to shop space, equipped with nine 5-ton and one 2-ton overhead bridge cranes, multiple overhead doors (12' to 16' high), gas heaters, heavy power, multiple airline connections, and additional shop offices. Building 2 is a ±11,040 square foot paint facility with substantial exhaust systems and storage capacity. Building 3 is a 7,500 square foot warehouse with a 5-ton bridge crane. Two additional smaller buildings, totaling approximately 1836 square feet, provide further storage options. The property is offered at $1,950,000 ($28.93/SF), with a NNN lease type. Built in 1964, this property presents a significant opportunity for owner-users or investors seeking a well-equipped industrial space in a prime Odessa location at 2238 Steven Rd, 79764. The majority of the lot is paved.

Property profile

Verified
Property type Warehouses
Year built 1964
Total area 67,400 SF
Lot 6.09 ac (265,368 SF)
UPID US82-2305556

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

2238 Steven Rd Odessa, TX 79764
Odessa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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