Building Details

Year built 2017

Building materials Metal Construction, Metal Siding

Roof type Metal

Listing Agency: The Prichard Group Show Phone

Listed By: Heather Prichard · License #0486680 Show Phone

Added: Jun 9 Changed: Jul 29 Last Checked: Jul 31 at 5:06AM

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MLS# 164011

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 2017, this flex industrial facility includes 3,750 SF of warehouse space with 20' ceilings and overhead doors, plus 1,250 SF of office area. The office layout features a reception area, private offices, a kitchenette, and a conference room. Outside, the property sits on 3 fenced acres with a caliche yard, along with covered work and parking areas.

The property is located in Steeple O Commercial Park in the Permian Basin area of Monahans, Ward County, Texas, at 350 Steeple O Rd. It offers easy access to I-20 and is supported by commercial/industrial zoning.

The combination of overhead-door warehouse capacity, dedicated office space, and fenced yard support tenant needs associated with oilfield and industrial uses. For qualified operators, the leasing program includes a 2-months-free rent incentive with an executed lease. The facility is positioned for move-in readiness based on the stated condition and its built-in warehouse and office improvements.

Key Highlights

• 5,000 SF industrial/commercial facility built in 2017 in Steeple O Commercial Park
• Includes 3,750 SF warehouse with 20' ceilings and overhead doors plus 1,250 SF office with reception, private offices, kitchenette, and conference room
• Set on 3 fenced acres with caliche yard and covered work/parking areas

Property Analytics

Property Profile

Current Use

Flex space

Lease Details

20 ft

Clear height

Yes

Fenced yard

Yes

Highway access

NNN (Triple Net)

Lease Type

$2.34 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 79756, TX

10,318

Population

4,318

Households

2.4

Avg Household Size

35

Median Age

10%

College-Educated

80%

High-School Grad

158.5 sq mi

ZIP Area

65

Density / Sq Mi

$70,924

Median Household Income

$46,511

Median Earnings

$960

Median Rent

$153,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - 2017-built flex facility with a 3,750 SF warehouse, 1,250 SF office, and fenced caliche yard for industrial operations.

Where is this flex space located?

The property is located at 350 Steeple O Rd Monahans, TX.

What is the lease rate?

The lease rate is $6,500 /Mo.

What are key features of this property?

This property features: 5,000 SF industrial/commercial facility built in 2017 in Steeple O Commercial Park; Includes 3,750 SF warehouse with 20' ceilings and overhead doors plus 1,250 SF office with reception, private offices, kitchenette, and conference room; Set on 3 fenced acres with caliche yard and covered work/parking areas