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    338 Hwy 385 & Loop Odessa, TX 79765

    For Sale
    Contact for pricing

    Prime Commercial Lot in Growing Odessa, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land parcel presents a unique investment opportunity in Odessa, Texas. Strategically located at the southeast corner of Highway 385 and North Loop 338, this property offers unparalleled visibility and accessibility. The lot size ranges from 4.5 to 6.9 acres, providing ample space for a variety of commercial developments. Situated within Betenbough's Windmill Crossing, a thriving 621-acre residential subdivision featuring 1,922 homesites, this location benefits from a built-in customer base and strong residential growth. Windmill Crossing is known for its quality, affordable homes and family-friendly amenities, including themed community parks and gathering spaces. This ensures a high volume of potential customers for any commercial venture established on this site. All utilities are already in place, making this a move-in ready location for immediate development. The property's commercial zoning allows for a wide range of uses, making it an ideal choice for businesses seeking a prime location in a rapidly expanding area of Odessa. This is a rare opportunity to capitalize on the significant growth potential of this dynamic community. Don't miss out on this exceptional chance to secure a prominent commercial presence in Odessa's newest and most desirable residential development.

    Property Features for 338 Hwy 385 & Loop

    General Information

    Property type
    Land
    Lot Size
    196,020 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3944513
    Latitude
    31.9135014

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot in Growing Odessa, TX
    Where is this land located?
    The property is located at 338 Hwy 385 & Loop Odessa, TX.
    (806) 784-3298
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    338 Hwy 385 & Loop Odessa, TX 79765
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    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
    338 Hwy 385 & Loop Odessa, TX 79765
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