Warehouse Property with Overhead
For Sale
Contact for pricing
7680 W 42nd St, Odessa, TX 79764
The Odessa facility combines office space, two shops, and secured site access.
Property Size24,000 SF
Lot Size3.41 Acres
Price / SF$0.83
Days on Market176
Property Features for 7680 W 42nd St
General Information
Standard status
Active
Size
24,000 SF
Lot size
3.41 Acres
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
10,800 SF
Office Build-Out
2,000 SF
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$22,000
Amenities
break room
conference room
locker room
shower
restroom
security cameras
Building Details
Building Size
24,000 SF
Year Built
2018
Buildings
2
Listing Agency:
TROWER REALTORS
(432) 333-3211
Listed By:
Keith Trower · License #0700890
(432) 664-7870
Source:
Gloriarealestate
Added: May 4
Changed: Oct 24
Last Checked: Oct 24 at 2:47PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 7680 W 42nd St in Odessa, this 2018 warehouse property occupies 3.41 acres. The main building contains 2,000 square feet of office space, including six private offices, a conference room, break room, and restrooms, alongside a 10,800-square-foot warehouse. A separate locker area has a shower and restroom. The second shop provides additional workspace.
Warehouse features include a 10-ton crane, four overhead doors, air plumbing, and a large fan. The second shop has two overhead doors and large fans. A cantilever gate and security cameras serve the site, which also has a water well and septic system.
Warehouse features include a 10-ton crane, four overhead doors, air plumbing, and a large fan. The second shop has two overhead doors and large fans. A cantilever gate and security cameras serve the site, which also has a water well and septic system.
Key Highlights
- 24,800SF property on 3.41 acres
- Main building totals 12,800SF: 2,000SF of office space and 10,800SF of warehouse
- Warehouse includes a 10‑ton crane and 4 overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,976,172
Suggested Prices Based on Cap Rates
Cap Rate 5%
$39,523,440
$39.5M
Cap Rate 7%
$28,231,029
$28.2M
Cap Rate 9%
$21,957,467
$22.0M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$2.61M $108.60/SF
− Vacancy
−$281.5K −$11.73/SF
EGI
$2.32M $96.87/SF
− OpEx
−$348.7K −$14.53/SF
NOI
$1.98M $82.34/SF
Area
Odessa, TX
Vacancy
10.80%
Lease Rate
$108.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$39,523,440
Cap Rate 7%
$28,231,029
Cap Rate 9%
$21,957,467
Alternative Uses
Best Use
Warehouse
$28.23M
$24.70M – $32.94M
NOI $1,976,172 @ 7.0% cap · market cap 9,880.86%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$34.89M
$30.53M – $40.71M
NOI $2,442,342 @ 7.0% cap · market cap 12,211.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
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
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - The Odessa facility combines office space, two shops, and secured site access.
Where is this warehouse located?
The property is located at 7680 W 42nd St Odessa, TX.
What are key features of this property?
This property features: 24,800SF property on 3.41 acres; Main building totals 12,800SF: 2,000SF of office space and 10,800SF of warehouse; Warehouse includes a 10‑ton crane and 4 overhead doors
