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    42Nd St Odessa, TX 79764

    Sponsored
    For Lease
    $15,000 /Mo

    Prime West Odessa acreage, ready for development.

    Lot size:
    217,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional opportunity presents two prime lots within the Odessa West Industrial Park, ideally situated on West 42nd Street in Odessa, Texas, zip code 79764. The available lots offer convenient access to major transportation arteries, including Interstate 20 (a quick 5.5 miles north) and Highway 866, providing seamless connectivity to both Odessa and surrounding areas like Delaware and Reeves Counties. Lot 6 encompasses 3 acres, while Lot 10 offers 5 acres of land. Both lots are already improved with rock and fencing, minimizing initial site preparation costs. While power is currently TBD, it is planned for installation. The property's strategic location, just 4 miles south of the Kermit Highway, ensures easy access to parts, supplies, and a skilled workforce. This is a rare chance to secure land in a thriving industrial area with excellent infrastructure and accessibility. The zoning is currently unlisted. This property is perfect for businesses seeking a strategic location for expansion or new development in the Odessa, Texas market. The lots are suitable for a variety of industrial uses.

    Property Features for 0 42Nd St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    217,800 SF
    Total Rate
    15000

    Unit(s) available at that property

    Space
    Size
    217,800 SF
    Rate per SF
    $16,000

    HighLights

    • Lots available for lease in Odessa West Industrial Park.
    • 3‑acre lot available.
    • 5‑acre lot available.
    • Additional lots ranging from 3 to 4.71 acres available.
    • Lots feature rocked and fenced yards.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.5518322
    Latitude
    31.84418088

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    FAQs

    What type of property is this?
    Land - Prime West Odessa acreage, ready for development.
    Where is this land located?
    The property is located at 42Nd St Odessa, TX.
    What is the lease rate?
    The lease rate is $16,000 /Mo.
    What are key features of this property?
    This property features: Lots available for lease in Odessa West Industrial Park.; 3-acre lot available.; 5-acre lot available.
    Request Owner's contact information
    42Nd St Odessa, TX 79764
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    42Nd St Odessa, TX 79764
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