Manufacturing Property with Bridge
For Sale
Contact for pricing
715 W 81st St, Odessa, TX 79764
Five-building industrial complex with heavy power, crane capacity, and a hard-surface yard.
Property Size47,545 SF
Lot Size3.22 Acres
Price / SF$0.53
Days on Market53
Property Features for 715 W 81st St
General Information
Standard status
Active
Size
47,545 SF
Lot size
3.22 Acres
Property subtype
Commercial
Warehouse & Industrial
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$10,000
Building Details
Building Size
47,545 SF
Year Built
1970
Buildings
3
Listing Agency:
TROWER REALTORS
(432) 333-3211
Listed By:
Keith Trower · License #0700890
(432) 664-7870
Source:
Gloriarealestate
Added: Sep 4
Changed: Oct 24
Last Checked: Oct 24 at 2:45PM
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 TROWER REALTORS
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Investment Insights
Based on property information with market context.
At 715 W 81st St. in Odessa, this manufacturing property comprises five buildings totaling 47,545 SF on 3.22 acres. The primary facility contains 29,232 SF, while a separate 15,000 SF building houses bridge cranes. Crane equipment includes two 7.5-ton units and two 5-ton units, supported by 480V, 3-phase power.
The site is outside city limits and has no zoning restrictions. On-site infrastructure includes a well and septic system, along with a hard-surface yard. The building area, lifting equipment, electrical service, and yard provide a range of functional features for industrial operations.
The site is outside city limits and has no zoning restrictions. On-site infrastructure includes a well and septic system, along with a hard-surface yard. The building area, lifting equipment, electrical service, and yard provide a range of functional features for industrial operations.
Key Highlights
- 47,545 SF across five buildings on 3.22 acres
- 29,232 SF primary facility and a separate 15,000 SF crane building
- Two 7.5‑ton and two 5‑ton bridge cranes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,821,606
Suggested Prices Based on Cap Rates
Cap Rate 5%
$56,432,120
$56.4M
Cap Rate 7%
$40,308,657
$40.3M
Cap Rate 9%
$31,351,178
$31.4M
Market Conditions
NOI Build-Up for 47,545 SF
Gross rent
$4.28M $90.00/SF
− Vacancy
−$248.2K −$5.22/SF
EGI
$4.03M $84.78/SF
− OpEx
−$1.21M −$25.43/SF
NOI
$2.82M $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%
$56,432,120
Cap Rate 7%
$40,308,657
Cap Rate 9%
$31,351,178
Alternative Uses
Best Use
Warehouse
$55.93M
$48.94M – $65.25M
NOI $3,914,880 @ 7.0% cap · market cap 15,659.52%
Second Best
Industrial
$40.31M
$35.27M – $47.03M
NOI $2,821,606 @ 7.0% cap · market cap 11,286.42%
Theoretical Best
Flex RnD
$69.12M
$60.48M – $80.64M
NOI $4,838,382 @ 7.0% cap · market cap 19,353.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
123
Businesses Nearby
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
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Five-building industrial complex with heavy power, crane capacity, and a hard-surface yard.
Where is this manufacturing property located?
The property is located at 715 W 81st St Odessa, TX.
What are key features of this property?
This property features: 47,545 SF across five buildings on 3.22 acres; 29,232 SF primary facility and a separate 15,000 SF crane building; Two 7.5‑ton and two 5‑ton bridge cranes
