Flex Property with Overhead
For Sale
Contact for pricing
3840 N Stowe, Odessa, TX 79764
Office and shop areas are complemented by secured outdoor yard space and a separate storage building.
Property Size5,685 SF
Lot Size1.50 Acres
Price / SF$1.41
Days on Market40
Property Features for 3840 N Stowe
General Information
Standard status
Active
Size
5,685 SF
Lot size
1.50 Acres
Property subtype
Commercial
Lease Term
12 Months
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
3
Property Use
Office/Warehouse
Taxes and HOA fees
Annual Taxes
$6,712
Building Details
Building Size
5,685 SF
Year Built
2003
Buildings
2
Listing Agency:
The Real Estate Ranch LLC
(432) 688-8200
Listed By:
Marie Fuentes
(432) 208-7250
Source:
Gloriarealestate
Added: Sep 17
Changed: Oct 25
Last Checked: Oct 24 at 2:48PM
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 The Real Estate Ranch LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,685-square-foot flex property, built in 2003, includes three offices, a kitchenette, two restrooms, three drive-in doors and two 3-ton overhead cranes. A second building with three bay doors adds shop or storage capacity. Restroom improvements are planned before occupancy, and the property is scheduled to be available January 1, 2027.
The approximately 1.5-acre site combines fenced caliche and paved yard areas. It is less than half a mile from Loop 338.
The approximately 1.5-acre site combines fenced caliche and paved yard areas. It is less than half a mile from Loop 338.
Key Highlights
- 5,685‑square‑foot building constructed in 2003
- Approximately 1.5 acres with fenced caliche and paved yard
- Three offices, kitchenette and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$337,382
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,747,640
$6.7M
Cap Rate 7%
$4,819,743
$4.8M
Cap Rate 9%
$3,748,689
$3.7M
Market Conditions
NOI Build-Up for 5,685 SF
Gross rent
$511.7K $90.00/SF
− Vacancy
−$29.7K −$5.22/SF
EGI
$482.0K $84.78/SF
− OpEx
−$144.6K −$25.43/SF
NOI
$337.4K $59.35/SF
Area
Odessa, TX
Vacancy
5.80%
Lease Rate
$90.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,747,640
Cap Rate 7%
$4,819,743
Cap Rate 9%
$3,748,689
Alternative Uses
Best Use
Flex RnD
$8.26M
$7.23M – $9.64M
NOI $578,530 @ 7.0% cap · market cap 7,231.63%
Second Best
Warehouse
$6.69M
$5.85M – $7.80M
NOI $468,106 @ 7.0% cap · market cap 5,851.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79764, TX
26,271
Population
10,326
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
54.5 sq mi
ZIP Area
482
Density / Sq Mi
$68,367
Median Household Income
$52,054
Median Earnings
$944
Median Rent
$150,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and shop areas are complemented by secured outdoor yard space and a separate storage building.
Where is this flex space located?
The property is located at 3840 N Stowe Odessa, TX.
What are key features of this property?
This property features: 5,685‑square‑foot building constructed in 2003; Approximately 1.5 acres with fenced caliche and paved yard; Three offices, kitchenette and two restrooms
