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    2500 Grandview Ave Odessa, TX 79766

    For Sale
    $7,000,000

    Prime Odessa, TX retail complex, 20 acres.

    Property size:
    100,309 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 20.77-acre retail investment opportunity in Odessa, Texas, presents a portfolio of 13 buildings totaling 100,309 square feet. Located at 2500 S Grandview Avenue, this property boasts a prime location with significant road frontage and features two rail spurs – one active with a switch, and one inactive. The asking price is $7,000,000, translating to $69.78 per square foot and $341,130.60 per acre. Built in 1970, the property includes a variety of building types, including a former bank building constructed of brick, which presents redevelopment potential. Other structures include a large shop and several additional buildings. Most buildings are equipped with HVAC systems. A stand-alone crane is also situated on the site. The property is chain-link fenced and situated on a corner lot. Please note that one building contains asbestos and will require remediation or encapsulation in accordance with regulations. The property is also available for lease at $40,000 per month, NNN. APN: 42430.00190.04000. Zip code: 79766.

    Property Features for 2500 Grandview Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    100,309 SF
    Lot Size
    904,741 SF

    Building Details

    Year Built
    1970
    Buildings
    13

    HighLights

    • 20.77‑acre retail investment opportunity in Odessa, TX.
    • 13 buildings totaling 100,309 square feet.
    • Prime location on 2500 S Grandview Avenue with significant road frontage and two rail spurs (one active).
    • Asking price: $7,000,000 ($69.78/SF, $341,130.60/acre).
    • Built in 1970, includes various building types, including a former brick bank building with redevelopment potential.
    • Most buildings have HVAC; includes a stand‑alone crane; chain‑link fenced corner lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Auto Repair Shop Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.331335
    Latitude
    31.824978

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    FAQs

    What type of property is this?
    Individual retail property - Prime Odessa, TX retail complex, 20 acres.
    Where is this individual retail property located?
    The property is located at 2500 Grandview Ave Odessa, TX.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: 20.77-acre retail investment opportunity in Odessa, TX.; 13 buildings totaling 100,309 square feet.; Prime location on 2500 S Grandview Avenue with significant road frontage and two rail spurs (one active).
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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
    2500 Grandview Ave Odessa, TX 79766
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