Mixed-Use Property with
For Sale
$1,100,000
2911 Beefstew, Odessa, TX 79766
Commercial Sale, Odessa, TX
Property Size4,230 SF
Lot Size1.36 Acres
Price / SF$260.05
Days on Market63
Property Features for 2911 Beefstew
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced, Chain Link
Subdivision
Sterling Park Third Filing
Lot features
Corner Lot
Standard status
Active
APN
29986.01442.00000
Size
4,230 SF
Lot size
1.36 Acres
Taxes and HOA fees
Tax Annual Amount
3550
Utilities
Sewer type
Private Sewer
Water source
Well
Building Details
Year built
2018
Building materials
Metal Construction
Roof type
Metal
Listing Agency:
Home Charm Realty, LLC
(432) 614-1813
Listed By:
Melody Villasana · License #0536819
(432) 559-7703
Added: Aug 8
Changed: Oct 8
Last Checked: Oct 8 at 11:06PM
MLS# 167586
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.
Investment Insights
Based on property information with market context.
Built in 2018, this 4,230-square-foot mixed-use property sits on 1.36 acres and includes a metal building. The commercial space comprises a warehouse with machinery and office space, plus three shop areas. Four apartment units are also part of the property, along with RV spaces. The site is fenced with chain-link fencing and has a metal roof.
Three-phase electricity serves the property. Two wells provide water, with one serving the apartments and the other the commercial facilities. The property also has a private sewer system.
Three-phase electricity serves the property. Two wells provide water, with one serving the apartments and the other the commercial facilities. The property also has a private sewer system.
Key Highlights
- Four apartment units, currently rented
- 4,230‑square‑foot property on 1.36 acres
- Warehouse includes machinery and office space, with three additional shop areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,409
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,068,180
$1.1M
Cap Rate 7%
$762,986
$763.0K
Cap Rate 9%
$593,433
$593.4K
Market Conditions
NOI Build-Up for 4,230 SF
Gross rent
$93.9K $22.20/SF
− Vacancy
−$8.5K −$2.00/SF
EGI
$85.5K $20.20/SF
− OpEx
−$32.0K −$7.58/SF
NOI
$53.4K $12.63/SF
Area
Odessa, TX
Vacancy
9.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,068,180
Cap Rate 7%
$762,986
Cap Rate 9%
$593,433
Alternative Uses
Best Use
Warehouse
$4.98M
$4.35M – $5.81M
NOI $348,300 @ 7.0% cap · market cap 31.66%
Second Best
Mixed Use
$763.0K
$667.6K – $890.2K
NOI $53,409 @ 7.0% cap · market cap 4.86%
Theoretical Best
Flex RnD
$6.15M
$5.38M – $7.17M
NOI $430,463 @ 7.0% cap · market cap 39.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
70
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The site combines apartment units, warehouse and shop space, and three-phase electrical service.
Where is this mixed-use property located?
The property is located at 2911 Beefstew Odessa, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four apartment units, currently rented; 4,230‑square‑foot property on 1.36 acres; Warehouse includes machinery and office space, with three additional shop areas
