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Flex Space with Insulated Shop

490 SE Loop 338, Odessa, TX 79762

For Lease
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A multi-building industrial property offers shop, office, and storage areas with 3-phase electric.

Space Size7,500 SF
Lot Size2.50 Acres
Days on Market36

Property Features for 490 SE Loop 338

General Information

Standard status Active
Size 7,500 SF
Net Rentable 7,500 SF
Lot size 2.50 Acres
Property subtype Industrial, Office

Space & Availability

Available Space 7,500 SF
Contiguous Space 7,500 SF
Space Use Industrial

Warehouse & Industrial

Office Build-Out 1,000 SF
Three-Phase Power Yes

Spaces For Lease

at 490 SE Loop 338
#1 Active
Size 7,500 SF
Contact us
Listing Agency: The Havens Group
Listed By: Anthony Ibarra · License TX #0637805
Source: Crexi
Added: Oct 6 Changed: Nov 8 Last Checked: Nov 10 at 8:20AM

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 Havens Group

Rey
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Investment Insights

Based on property information with market context.

This Odessa flex property totals approximately 7,500 square feet across roughly 2.5 acres. The layout includes a main shop of approximately 3,200 square feet with a 20-foot eave, about 1,000 square feet of office space, a secondary shop of approximately 2,400 square feet, and a storage building of approximately 900 square feet. Shop features include insulation, overhead doors, and 3-phase electric; covered parking and partial fencing are also present.

The property is located at 490 SE Loop 338 and uses a shared entrance gate for access.

Key Highlights

  • Approximately 7,500 square feet on approximately 2.5 acres
  • Main shop spans approximately 3,200 square feet with a 20‑foot eave
  • Approximately 2,400‑square‑foot secondary shop and 1,000 square feet of office space

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Pineda Diesel Truck ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Parts Store Big Box & Wholesale Store Parking Lot & Garage Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

72
Businesses Nearby
Under-served
Demand for This Use

Demographics for 79762, TX

40,253
Population
17,259
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
30.5 sq mi
ZIP Area
1,320
Density / Sq Mi
$74,560
Median Household Income
$45,151
Median Earnings
$1,338
Median Rent
$218,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Odessa, TX

$14.55 /SF/Yr
Avg Asking Price
$3.75–$26 /SF/Yr
Price Range
11,423 SF
Avg Space Size

Average Price Trend$/SF/Yr for Flex space in Odessa, TX

$15.36 Jul
$15.05 Aug
$13.91 Sep
$14.8 Oct

Properties on Market for Flex space in Odessa

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Flex space - A multi-building industrial property offers shop, office, and storage areas with 3-phase electric.
Where is this flex space located?
The property is located at 490 SE Loop 338 Odessa, TX.
What are key features of this property?
This property features: Approximately 7,500 square feet on approximately 2.5 acres; Main shop spans approximately 3,200 square feet with a 20‑foot eave; Approximately 2,400‑square‑foot secondary shop and 1,000 square feet of office space
(432) 582-2250 · Office Call to check price and availability
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