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    Brownstone Rd & Medical Park Dr Odessa, TX 79765

    For Sale
    $4,975,000

    Prime Retail Land, Odessa, TX

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 7.14-acre commercial lot sits at the high-traffic corner of Brownstone Road and Medical Park Drive in Odessa, Texas, offering unparalleled investment potential. Its strategic location near major thoroughfares like Faudree Road and Highway 191 ensures high visibility and accessibility for businesses. The property is approximately two miles from a new, $55 million sports complex currently under development, slated to open in fall 2024/spring 2025. This raw, undeveloped land provides complete flexibility for any commercial development, perfectly suited for businesses seeking to capitalize on the thriving Odessa market. The site benefits from its proximity to established retail businesses including Rosa's Café, Texas Burger, Chick-fil-A, Tractor Supply, Wendy's, UPS Store, and Kent Kwik, further enhancing its desirability and potential for success. Zoned for retail use, this property presents a unique opportunity to build a thriving commercial venture in a rapidly growing area. The property is located in Midland County, Texas, zip code 79765.

    Property Features for 0 Brownstone Rd & Medical Park Dr

    General Information

    Property type
    Land
    Lot Size
    311,018 SF

    HighLights

    • Raw, developable land.
    • Excellent location near Faudree Road and Highway 191.
    • High investment potential.
    • Retail zoning.
    • Strong surrounding retail including Rosa's Café, Texas Burger, Chick‑fil‑A, Tractor Supply, Wendy's, UPS Store, and Kent Kwik.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Midland
    State
    Texas
    Longitude
    -102.28604176103
    Latitude
    31.918067288762

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    FAQs

    What type of property is this?
    Land - Prime Retail Land, Odessa, TX
    Where is this land located?
    The property is located at Brownstone Rd & Medical Park Dr Odessa, TX.
    What is the asking price?
    The asking price for this property is $4,975,000.
    What are key features of this property?
    This property features: Raw, developable land.; Excellent location near Faudree Road and Highway 191.; High investment potential.
    (432) 682-2510
    Request Owner's contact information
    Brownstone Rd & 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
    Brownstone Rd & Medical Park Dr Odessa, TX 79765
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