Flex Space with Pull-Through
241 E Gladiator St, Odessa, TX 79766
For Sale
$1,300,000
Commercial Sale, Odessa, TX
Property Size9,300 SF
Lot Size3.00 Acres
Price / SF$139.78
Days on Market97
Property Features for 241 E Gladiator St
General Information
Property type
Property subtype
Parking
Fencing
Subdivision
Lot features
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
HOA Fee
Utilities
Sewer type
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
All City Real Estate Ltd. Co.
(866) 277-6005
Listed By:
Jessica Meraz · License TX #631928
(432) 349-8182
Added: Aug 7
Changed: Oct 26
Last Checked: Nov 11 at 12:06AM
MLS# 176733
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2024, this metal-construction flex property contains 2,400 square feet of office space and a 6,900-square-foot shop. The shop measures 60' by 95', with 21 ft side walls and a 26ft peak height. Three pull-through bays are served by six 14x14 electric overhead doors. A 20x60 second-floor deck adds elevated space, and the property has 400-amp single-phase electric service.
The 3-acre site is fenced and gated, with four yard lights. Water is supplied by a private well, and the property has a private septic system. Metal roofing completes the building envelope.
The 3-acre site is fenced and gated, with four yard lights. Water is supplied by a private well, and the property has a private septic system. Metal roofing completes the building envelope.
Key Highlights
- 2024 construction with 2,400 square feet of office space and a 6,900‑square‑foot shop
- Shop measures 60' X 95', with 21 ft side walls and 26ft peak shop height
- Three pull‑through bays and six 14x14 electric overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,154
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,080
$1.2M
Cap Rate 7%
$830,771
$830.8K
Cap Rate 9%
$646,156
$646.2K
Market Conditions
NOI Build-Up for 9,300 SF
Gross rent
$74.8K $8.04/SF
− Vacancy
−$6.4K −$0.68/SF
EGI
$68.4K $7.36/SF
− OpEx
−$10.3K −$1.10/SF
NOI
$58.2K $6.25/SF
Area
Ector County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,080
Cap Rate 7%
$830,771
Cap Rate 9%
$646,156
Alternative Uses
Best Use
Warehouse
$830.8K
$726.9K – $969.2K
NOI $58,154 @ 7.0% cap · market cap 4.47%
Second Best
Industrial
$684.2K
$598.6K – $798.2K
NOI $47,891 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,463 @ 7.0% cap · market cap 12.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
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
$151,200
Median Home Value
Market
Average Price Trend$/SF for Flex space in Odessa, TX
Properties on Market for Flex space in Odessa
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A 2024-built facility pairs dedicated office space with a shop configured for drive-through operations.
Where is this flex space located?
The property is located at 241 E Gladiator St Odessa, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 2024 construction with 2,400 square feet of office space and a 6,900‑square‑foot shop; Shop measures 60' X 95', with 21 ft side walls and 26ft peak shop height; Three pull‑through bays and six 14x14 electric overhead doors
