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Flex Space With Living Units
For Sale
$1,079,000

2503 S FM 866, Odessa, TX 79763

Commercial Sale, Odessa, TX

Property Size3,480 SF
Lot Size5.51 Acres
Price / SF$310.06
Days on Market102

Property Features for 2503 S FM 866

General Information

Property type Commercial Sale
Property subtype Other
Subdivision T-2-S
Standard status Active
Size 3,480 SF
Lot size 5.51 Acres

Taxes and HOA fees

Tax Description T-2-S BLK 44 SEC 35 (CARD #6)
Tax Annual Amount 1847
Legal Description T-2-S BLK 44 SEC 35 (CARD #6)

Building Details

Year built 2017
Listing Agency: New Heights Real Estate
Listed By: Cassandra Pearce · License #TREC#0588281
Added: May 28 Changed: Sep 5 Last Checked: Sep 6 at 8:06AM
MLS# 50095520

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.

This 5.51-acre flex property combines a shop, three homes or living spaces, storage, and 11 RV spots. The site includes single-phase power, four septic systems, and a water well producing 3 gallons per minute. Four RV spaces are leased, and the property includes a cleared, caliched laydown yard suited to equipment and material storage.

Located at 2503 S FM 866 in Odessa, the tract offers 300 feet of width, 800 feet of depth, and frontage along FM 866. The improvements were built in 2017 and include three residential-style units with kitchens, along with shop and garage space. The configuration accommodates a combination of operational, storage, living, and RV uses in one commercial property.

Key Highlights

  • 5.51‑acre tract with 300 feet of width and 800 feet of depth
  • Frontage along FM 866 in Odessa
  • Three homes or living spaces with kitchens

Property Analytics

Current Use

Flex space

Lease Details

3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

17
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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Commercial property with multiple living spaces, RV accommodations, a shop, and a cleared laydown yard.
Where is this flex space located?
The property is located at 2503 S FM 866 Odessa, TX.
What is the asking price?
The asking price for this property is $1,079,000.
What are key features of this property?
This property features: 5.51‑acre tract with 300 feet of width and 800 feet of depth; Frontage along FM 866 in Odessa; Three homes or living spaces with kitchens
More about this property
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