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    7500 Interstate 20 Pleasant Farms, TX 79766

    For Sale
    $1,317,000

    26 Acres, Odessa, TX - $1.3M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 26.34-acre commercial and industrial land parcel presents a unique investment opportunity in the heart of the Permian Basin, Texas. Strategically located on Interstate 20, between Midland and Odessa, this site boasts 790 feet of direct I-20 frontage, offering unparalleled visibility and accessibility. With an annual daily traffic count of 43,463 vehicles (TxDOT AADT, 2022), this property ensures high exposure for any development. The site's convenient location between Highway 349 and Loop 338, and its proximity to Midland International Airport (just 5 miles away), further enhances its appeal. The property is served by city water and sewer, eliminating infrastructure hurdles. Flexible zoning allows for a variety of development options, making it ideal for businesses requiring heavy truck access. Surrounded by oilfield-related businesses and poised for future growth, this site represents a prime location for establishing a significant presence in the thriving Permian Basin. While adjacent land is available, no other site offers this combination of infrastructure and opportunity. The asking price is $1,317,000, translating to $60,744.12 per acre. This represents a compelling investment in a high-growth area with exceptional access and visibility.

    Property Features for 7500 Interstate 20

    General Information

    Property type
    Land
    Lot Size
    1,147,370 SF

    HighLights

    • 26.34‑acre raw, developable land parcel in the Permian Basin, Texas.
    • 790 feet of I‑20 frontage with 43,463 AADT (TxDOT 2022).
    • Direct I‑20 access and easy access to other major Permian Basin roadways.
    • Suitable for heavy truck traffic.
    • Flexible zoning and city utilities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop Auto Parts Store Auto Repair Shop Electrical Service Plumbing Service Pet Supply Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Farms
    County
    Ector
    State
    Texas
    Longitude
    -102.27856064087
    Latitude
    31.878338754945

    FAQs

    What type of property is this?
    Land - 26 Acres, Odessa, TX - $1.3M
    Where is this land located?
    The property is located at 7500 Interstate 20 Pleasant Farms, TX.
    What is the asking price?
    The asking price for this property is $1,317,000.
    What are key features of this property?
    This property features: 26.34-acre raw, developable land parcel in the Permian Basin, Texas.; 790 feet of I-20 frontage with 43,463 AADT (TxDOT 2022).; Direct I-20 access and easy access to other major Permian Basin roadways.
    Request Owner's contact information
    7500 Interstate 20 Pleasant Farms, TX 79766
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    Pleasant Farms, TX 79766
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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
    7500 Interstate 20 Pleasant Farms, TX 79766
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