Flex Space With
For Sale
Contact for pricing
7519 Andrews Hwy, Odessa, TX 79765
Warehouse and shop configuration includes two bathrooms, elevated storage, and a bay door.
Property Size2,000 SF
Price / SF$1.75
Days on Market52
Property Features for 7519 Andrews Hwy
General Information
Standard status
Active
Size
2,000 SF
Building Details
Year Built
2019
Listing Agency:
Lynzy Sousley Real Estate Group
Listed By:
Lynzy Sousley · License #0628378
(432) 638-1124
Source:
Raftercrossrealty
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 7 at 2:26PM
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 Lynzy Sousley Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 2019, this flex property provides approximately 2,000 square feet of warehouse space arranged with an office, two bathrooms, and a bay door. Storage above the office adds usable capacity within the existing layout, while the shop area has 17-foot ceilings to accommodate business operations requiring additional vertical clearance.
Shared parking serves employees, customers, and deliveries. The property is located at 7519 Andrews Hwy in Odessa, Texas, providing a combination of warehouse, shop, office, and support areas within one commercial facility.
Shared parking serves employees, customers, and deliveries. The property is located at 7519 Andrews Hwy in Odessa, Texas, providing a combination of warehouse, shop, office, and support areas within one commercial facility.
Key Highlights
- Approximately 2,000 sq ft of warehouse space
- 17 ft ceilings in the shop area
- Office with storage above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,692
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,840
$2.4M
Cap Rate 7%
$1,695,600
$1.7M
Cap Rate 9%
$1,318,800
$1.3M
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$180.0K $90.00/SF
− Vacancy
−$10.4K −$5.22/SF
EGI
$169.6K $84.78/SF
− OpEx
−$50.9K −$25.43/SF
NOI
$118.7K $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%
$2,373,840
Cap Rate 7%
$1,695,600
Cap Rate 9%
$1,318,800
Alternative Uses
Best Use
Flex RnD
$2.91M
$2.54M – $3.39M
NOI $203,529 @ 7.0% cap · market cap 5,815.11%
Second Best
Warehouse
$2.35M
$2.06M – $2.74M
NOI $164,681 @ 7.0% cap · market cap 4,705.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 79765, TX
21,163
Population
9,709
Households
2.2
Avg Household Size
31
Median Age
26%
College-Educated
91%
High-School Grad
23.4 sq mi
ZIP Area
904
Density / Sq Mi
$100,844
Median Household Income
$53,204
Median Earnings
$1,535
Median Rent
$299,800
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and shop configuration includes two bathrooms, elevated storage, and a bay door.
Where is this flex space located?
The property is located at 7519 Andrews Hwy Odessa, TX.
What are key features of this property?
This property features: Approximately 2,000 sq ft of warehouse space; 17 ft ceilings in the shop area; Office with storage above
