Flex Facility with Build-to-Suit
4013 West 42nd Street, Odessa, TX 79764
For Sale
Contact for pricing
Dock-equipped warehouse space is paired with office construction tailored to the incoming user's requested size and layout.
Property Size13,000 SF
Lot Size3.00 Acres
Price / SF$138.46
Days on Market16
Property Features for 4013 West 42nd Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Span
Warehouse Space
Additional Details
Asking Price
Property Use
Building Details
Construction
Listing Agency:
The Real Estate Ranch
Listed By:
Thomas Johnston · License TX #542176
(432) 688-8200
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 10 at 7:23AM
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
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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 flex property is under redevelopment and includes a 7,000-square-foot clear-span steel warehouse with loading docks and a standing-seam roof. The office component is planned at 3,000 to 5,000 square feet, with its size and floor plan determined by the buyer. Marketing images depict the proposed completed facility; current site photography is also available. Building areas are approximate and subject to measurement at completion.
The three-acre site fronts Kermit Highway at W 42nd Street in Odessa, with frontage along a divided four-lane highway. Improvements include a controlled entry gate with an adjacent guard structure, concrete pads in the front yard, highway-side screening, and pole-mounted yard lights. The graded, compacted, fenced grounds provide room for tractor-trailer maneuvering on site. TxDOT recorded 24,067 vehicles per day on Kermit Highway at 42nd Street in 2025, compared with 18,000 the prior year.
The three-acre site fronts Kermit Highway at W 42nd Street in Odessa, with frontage along a divided four-lane highway. Improvements include a controlled entry gate with an adjacent guard structure, concrete pads in the front yard, highway-side screening, and pole-mounted yard lights. The graded, compacted, fenced grounds provide room for tractor-trailer maneuvering on site. TxDOT recorded 24,067 vehicles per day on Kermit Highway at 42nd Street in 2025, compared with 18,000 the prior year.
Key Highlights
- 7,000‑square‑foot clear‑span steel warehouse with loading docks
- Buyer‑directed office buildout of 3,000 to 5,000 square feet
- Three‑acre fenced site with divided four‑lane highway frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,290
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,625,800
$1.6M
Cap Rate 7%
$1,161,286
$1.2M
Cap Rate 9%
$903,222
$903.2K
Market Conditions
NOI Build-Up for 13,000 SF
Gross rent
$104.5K $8.04/SF
− Vacancy
−$8.9K −$0.68/SF
EGI
$95.6K $7.36/SF
− OpEx
−$14.3K −$1.10/SF
NOI
$81.3K $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%
$1,625,800
Cap Rate 7%
$1,161,286
Cap Rate 9%
$903,222
Alternative Uses
Best Use
Warehouse
$1.16M
$1.02M – $1.35M
NOI $81,290 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$956.4K
$836.8K – $1.12M
NOI $66,945 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,292 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
53
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
$150,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Dock-equipped warehouse space is paired with office construction tailored to the incoming user's requested size and layout.
Where is this flex space located?
The property is located at 4013 West 42nd Street Odessa, TX.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: 7,000‑square‑foot clear‑span steel warehouse with loading docks; Buyer‑directed office buildout of 3,000 to 5,000 square feet; Three‑acre fenced site with divided four‑lane highway frontage
