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    Medical Park Dr Odessa, TX 79765

    For Sale
    $525,000

    1.2 Acres, R-Zoned, $525,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.2-acre commercial lot, totaling 52,084 square feet, presents a remarkable investment opportunity in Odessa, Texas. Located on Medical Park Drive in the desirable Mission Dorado area, this property boasts an R-zoned designation, opening doors to a wide array of commercial development possibilities. The expansive lot size provides ample space for various projects, catering to diverse business needs. Its strategic location within the thriving Mission Dorado area offers excellent visibility and accessibility, ensuring high potential for attracting customers and clients. The property's address is Medical Park Dr, Odessa, TX 79765, situated in Ector County. This prime location offers easy access to major roadways and essential amenities, making it an ideal site for businesses seeking a prominent presence in a rapidly growing market. The asking price for this exceptional commercial land is $525,000, representing a compelling value proposition for discerning investors and developers. Detailed zoning information and development guidelines are readily available upon request. Don't miss this chance to secure a piece of Odessa's vibrant commercial landscape. Act quickly, as opportunities like this are rare.

    Property Features for 0 Medical Park Dr

    General Information

    Property type
    Land

    HighLights

    • $525,000 asking price.
    • 1.20‑acre commercial land parcel.
    • Located in Odessa, TX, in the Mission Dorado area on Medical Park Dr.
    • 52,084 square foot lot size.
    • R‑zoned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.28462733499
    Latitude
    31.916904852745

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    FAQs

    What type of property is this?
    Land - 1.2 Acres, R-Zoned, $525,000
    Where is this land located?
    The property is located at Medical Park Dr Odessa, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: $525,000 asking price.; 1.20-acre commercial land parcel.; Located in Odessa, TX, in the Mission Dorado area on Medical Park Dr.
    Request Owner's contact information
    Medical Park Dr Odessa, TX 79765
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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

    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.

    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
    Medical Park Dr Odessa, TX 79765
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