Warehouse with
For Sale
$1,500,000
5820 W I-20, Odessa, TX 79760
Commercial Sale, Odessa, TX
Property Size5,000 SF
Lot Size3.90 Acres
Price / SF$300
Days on Market57
Property Features for 5820 W I-20
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
West Freeway
Standard status
Active
Size
5,000 SF
Lot size
3.90 Acres
Taxes and HOA fees
Tax Description
WEST FREEWAY BLOCK 6 LOT 8,9,10,11,12,13
Tax Annual Amount
4913
Legal Description
WEST FREEWAY BLOCK 6 LOT 8,9,10,11,12,13
Amenities
security cameras
Building Details
Year built
1980
Listing Agency:
Pine & Beckett - Chris Beckett
(432) 686-7000
Listed By:
Chris Beckett Broker Owner CRS GRI ASR e-Pro
(432) 349-7000
Added: Aug 26
Changed: Oct 17
Last Checked: Oct 21 at 11:06AM
MLS# 50097840
Copyright © 2026 Permian Basin 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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A warehouse on 3.9 acres includes a crane, three operating overhead doors, a restroom, and an office. The property also has one mobile home with four bedrooms and two full bathrooms. Security cameras are in use, and the site is fenced.
The property is outside city limits, has no zoning, and is served by a recently installed septic system.
The property is outside city limits, has no zoning, and is served by a recently installed septic system.
Key Highlights
- 3.9‑acre property outside city limits
- Warehouse equipped with a crane and 3 operating overhead doors
- One mobile home with 4 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,131
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,620
$1.3M
Cap Rate 7%
$901,871
$901.9K
Cap Rate 9%
$701,456
$701.5K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$111.0K $22.20/SF
− Vacancy
−$10.0K −$2.00/SF
EGI
$101.0K $20.20/SF
− OpEx
−$37.9K −$7.58/SF
NOI
$63.1K $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%
$1,262,620
Cap Rate 7%
$901,871
Cap Rate 9%
$701,456
Alternative Uses
Best Use
Warehouse
$5.88M
$5.15M – $6.86M
NOI $411,703 @ 7.0% cap · market cap 27.45%
Second Best
Mixed Use
$901.9K
$789.1K – $1.05M
NOI $63,131 @ 7.0% cap · market cap 4.21%
Theoretical Best
Flex RnD
$7.27M
$6.36M – $8.48M
NOI $508,821 @ 7.0% cap · market cap 33.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Odessa Texas RV & Boat Storage — 317 s f-m 1936, odessa, tx 79763
- Odessa Texas RV & Boat Storage — 317 FM 1936, Odessa, TX 79763
Frequently Asked Questions
What type of property is this?
Warehouse - The fenced property pairs warehouse space with a four-bedroom mobile home and on-site security cameras.
Where is this warehouse located?
The property is located at 5820 W I-20 Odessa, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3.9‑acre property outside city limits; Warehouse equipped with a crane and 3 operating overhead doors; One mobile home with 4 bedrooms and 2 full bathrooms
