Odessa Flex Space For
For Sale
Contact for pricing
2250 S Dixie Blvd, Odessa, TX 79766
16,100 SF building on 11.96 acres near IH20.
Property Size16,100 SF
Lot Size11.96 Acres
Price / SF$211.18
Days on Market654
Property Features for 2250 S Dixie Blvd
General Information
Standard status
Active
Size
16,100 SF
Lot size
11.96 Acres
Property subtype
Industrial
Building Details
Year Built
2018
Listing Agency:
Strahan Commercial Properties
Listed By:
Kirk Strahan · License #TX461852-B
Source:
Crexi
Added: Oct 16, 2024
Changed: Jul 6
Last Checked: Jul 30 at 8:03AM
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 Strahan Commercial Properties
Investment Insights
Based on property information with market context.
This 16,100 square foot building is situated on an 11.96-acre lot in Odessa, located just south of IH20. The property includes 5,635 square feet of two-story office space, featuring 14 offices, five restrooms, a conference room, a break area, two file rooms, a reception area, and a work area. Additionally, there is approximately 10,465 square feet of shop space, equipped with six 16'x 16' overhead bay doors arranged in three drive-thru bays. The shop area also includes two restrooms, showers, one 10-ton crane, and an underground oil change facility. The lot is fully fenced and caliched, spanning 11.96 acres, with two key-pad-access electric gates. The property is suitable for various commercial real estate purposes.
Key Highlights
- +/- 16,100 square foot building on a +/- 11.96 acre fully fenced caliched yard.
- +/- 10,465 square feet of shop space with six 16'x 16' overhead bay doors in three drive‑thru bays.
- 5,635 square feet of two‑story office space, including 14 offices and five restrooms.
Financial Insights For Office B
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 | $338.1k | $21.00 |
| − Vacancy | −$52.4k | −$3.26 |
| EGI | $285.7k | $17.75 |
| − OpEx | −$71.4k | −$4.44 |
| NOI | $214.3k | $13.31 |
16,100 SF · lease $21.00/SF/yr · vacancy 15.50% · expense 25.00%
Alternative Uses
Best Use
Flex RnD
$23.41M
$20.48M – $27.31M
NOI $1,638,405 @ 7.0% cap · market cap 48.19%
Second Best
Warehouse
$18.94M
$16.57M – $22.09M
NOI $1,325,682 @ 7.0% cap · market cap 38.99%
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
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 79766, TX
9,688
Population
3,516
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
58%
High-School Grad
305.0 sq mi
ZIP Area
32
Density / Sq Mi
$70,965
Median Household Income
$41,913
Median Earnings
$1,100
Median Rent
$151,200
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 - 16,100 SF building on 11.96 acres near IH20.
Where is this flex space located?
The property is located at 2250 S Dixie Blvd Odessa, TX.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: +/- 16,100 square foot building on a +/- 11.96 acre fully fenced caliched yard.; +/- 10,465 square feet of shop space with six 16'x 16' overhead bay doors in three drive‑thru bays.; 5,635 square feet of two‑story office space, including 14 offices and five restrooms.
