Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Odessa West Industrial Park Lots Title is generated by Realmo AI

    TBD W 42nd St, Odessa, TX 79764

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Industrial park lots for lease as storage yards.

    Type:Land
    Lot size:
    4.39 Acres
    Added:
    Sep 9, 2022
    Days on Market:
    1365
    Last Refresh:
    May 12 at 9:17 pm

    Property Features for TBD W 42nd St

    General Information

    Standard status
    Active
    Lot size
    4.39 Acres
    Property subtype
    Land

    Spaces For Lease

    at TBD W 42nd St Contact us

    We can help!

    Listing Contact
    Justin Dodd

    Listing agent Justin Dodd License #9004023

    Listing office NRG Realty Group

    Listing date Sep 9, 2022

    Source Crexi

    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 NRG Realty Group

    HighLights

    • Ideal location with easy access to I‑20 and Highway 866 for regional transport.
    • Multiple lot sizes available: 3 Acres (Lot 5 & 7) and 4.39 Acres (Lot 11).
    • Lots are already rocked and fenced, saving on initial setup costs.
    • Suitable for storage yards or custom build‑to‑suit projects.
    • ATT Fiber is available within the industrial park.
    • Proximity to Odessa provides convenient access to parts and supplies.

    Overview

    Lots are available for lease in the Odessa West Industrial Park on W 42nd St. These lots are suitable as storage yards or for custom build-to-suit projects. Currently, there are three lots available: Lot 5, which is 3 acres; Lot 7, which is 3 acres; and Lot 11, which is 4.39 acres. All lots are rocked and fenced. ATT Fiber is available within the industrial park. Power will be installed. The property benefits from its location, providing easy access to 302 and I-20 via 866, while remaining close to Odessa for parts and supplies. The site facilitates easy access to Delaware and Reeves County. It is located approximately 5.5 miles north of I-20 and about 4 miles south of the Kermit Highway. A 5% commission to the Tenant Rep is available through June 2026.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.380966
    Latitude
    31.882911

    Nearby Similar for Lease

    • $3,250/Mo
      1,920 SF

      Retail-Ready Office/Service Space

      Suite with central heat and air, separate restrooms, and street-facing frontage for office, retail, or service use.
      518 S Grant, Odessa, TX 79761
      View Details
    • $7,800/Mo
      3,600 SF

      Commercial Space in Odessa, Texas

      Versatile commercial space suitable for retail, showroom, or service operations.
      981 E 87th St, Odessa, TX 79764
      View Details
    • $9,000/Mo
      4,140 SF

      Restaurant Opportunity in West Odessa

      Fully equipped restaurant with established clientele in prime location.
      10663 W University Blvd, Odessa, TX 79764
      View Details
    • $5,000/Mo
      4,980 SF

      Flex Space with Workshop Access

      Remodeled corner space combining offices, conference room, and a 2-bay workshop suited for operations.
      3749 W 8th St, Odessa, TX 79763
      View Details
    • $12,000/Mo
      36,050 SF

      Fenced Industrial Complex with Truck Loading

      Fully fenced industrial complex with multiple buildings, enclosed storage, and truck-loading support for distribution, retail, or parts operations.
      714 E 2nd St, Odessa, TX 79761
      View Details
    • $300/Mo
      8,488 SF

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $240 SF/Yr
      8,488 SF

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $240 SF/Yr
      8,488 SF

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $300/Mo
      8,488 SF

      Office Space in Convenient Location

      Office space for rent with prime access and spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $26 SF/Yr
      3,500 SF

      Retail/Office Space in Odessa, TX

      Available retail or office space in fast-growing North Odessa.
      1807 E 87th St, Odessa, TX 79765
      View Details
    • $230 SF/Yr
      8,488 SF

      Office Space in Convenient Location

      Office space with prime access, services, and spacious parking.
      1128 S Grandview, Odessa, TX 79761
      View Details
    • $300/Mo
      8,488 SF

      Office Space in Convenient Location

      Office space with prime access and spacious parking available for rent.
      1128 S Grandview, Odessa, TX 79761
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial park lots for lease as storage yards.
    Where is this industrial land located?
    The property is located at TBD W 42nd St Odessa, TX.
    What is the lease rate?
    The lease rate is $15,000 /Mo.
    What are key features of this property?
    This property features: Ideal location with easy access to I‑20 and Highway 866 for regional transport.; Multiple lot sizes available: **3 Acres (Lot 5 & 7) and 4.39 Acres (Lot 11).**; **Lots are already rocked and fenced**, saving on initial setup costs.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justin Dodd
    Real Estate License ID: 9004023
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    TBD W 42nd St, Odessa, TX 79764
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!