Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2250 Dixie Blvd Odessa, TX 79766

    Sponsored
    For Sale
    $3,400,000

    16,100 SF Flex/Warehouse, 11.96 Acres

    Property size:
    16,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    411
    This exceptional 16,100-square-foot industrial property in Odessa, Texas, is offered for sale at $3,400,000. Situated on an expansive 11.96-acre lot just south of IH20, this two-story building boasts a versatile blend of office and warehouse space, ideal for a variety of businesses. The property includes 5,635 square feet of climate-controlled office space, featuring 14 individual offices, five restrooms, a conference room, break area, two file rooms, a reception area, and a dedicated work area. The substantial warehouse component comprises approximately 10,465 square feet, equipped with six 16' x 16' overhead bay doors arranged in three drive-thru bays, enhancing operational efficiency. Additional warehouse features include two restrooms, showers, a 10-ton crane, and a convenient underground oil change facility. The property is fully fenced and secured with two key-pad-access electric gates. The large, caliche-surfaced yard provides ample space for storage and maneuvering. This property's combination of modern office amenities and extensive warehouse capabilities presents a unique opportunity for businesses seeking a functional and strategically located facility in Odessa, Texas, with the added benefit of being located in Ector County, zip code 79766, at 2250 S Dixie Blvd. Built in 2018, this property is ready for immediate occupancy.

    Property Features for 2250 Dixie Blvd

    General Information

    Property type
    Distribution properties
    Square Feet
    16,100 SF
    Lot Size
    520,978 SF

    Building Details

    Year Built
    2018
    Stories
    2

    We can help!

    Listing Contact
    Kirk Strahan
    Kirk Strahan

    Learn more

    Property Insight Report

    HighLights

    • $3,400,000 asking price.
    • 16,100 square foot industrial building.
    • 2018 construction.
    • 11.96‑acre lot in Odessa, TX.
    • 5,635 SF two‑story office space with 14 offices, restrooms, conference room, and break area.
    • 10,465 SF shop space with six 16'x16' overhead doors, two restrooms, showers, and a 10‑ton crane.
    Property Profile Location Intelligence

    Current Use by Public Records

    3N Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3476493
    Latitude
    31.8213461

    Nearby Similar for Sale

    • $5,500,000
      17,500 SF

      Odessa Retail/Automotive Property For Sale

      Prime retail/automotive property with highway frontage, available for sale or lease.
      14761 W I-20, Odessa, TX 79763
      View Details
    • $2,750,000
      17,500 SF

      Retail Property on I-20 Frontage

      4.5-acre retail property with highway frontage and multiple bays.
      14761 W I-20, Odessa, TX 79763
      View Details
    • $750,000
      3,150 SF

      Odessa Office Building on Corner

      Commercial building on large corner lot suitable for various businesses.
      2201 E 8Th St, Odessa, TX 79761
      View Details
    • $3,200,000
      32,000 SF

      Versatile Multi-Use Buildings on Corner Lot

      Two new buildings on 20 acres, unmatched flexibility and potential.
      6015 Andrews Hwy, Odessa, TX 79764
      View Details
    • $2,500,000
      18,700 SF

      I-20 Frontage Warehouse For Sale

      Prime frontage warehouse on I-20 in Odessa, Texas.
      14480 W I-20, Odessa, TX 79765
      View Details
    • $1,799,000
      9,950 SF

      Odessa Industrial/Commercial Property For Sale

      High-end industrial/commercial property with office space and drive-thru bays.
      16751 W Basin St, Odessa, TX 79763
      View Details
    • $5,321,012
      49,600 SF

      Odessa Industrial Buildings with Cranes

      Five industrial buildings with crane infrastructure in Odessa, Texas.
      W 44Th St, Odessa, TX 79764
      View Details
    • $798,000
      5,000 SF

      New Construction Industrial/Commercial Property

      New construction industrial/commercial property for sale or lease in Odessa.
      14010 W Silver Fox Trl, Odessa, TX 79763
      View Details
    • $2,978,326
      12,604 SF

      Spacious Office with Residential Component

      12,604 SF office with a 3-bedroom apartment and parking.
      4313 N County Rd W, Odessa, TX 79764
      View Details
    • $2,978,326
      12,604 SF

      Modern Office Building with Apartment

      Spacious office with apartment, parking, and event space.
      4313 N County Rd W, Odessa, TX 79764
      View Details
    • $1,400,000
      12,450 SF

      Odessa Office/Warehouse on 3.5 Acres

      12,450 sq ft office/warehouse on 3.5 acres in Odessa.
      5800 N Moss Ave, Odessa, TX 79764
      View Details
    • $1,400,000
      12,450 SF

      Odessa Office/Warehouse on 3.5 Acres

      12,450 sq ft office/warehouse on 3.5 acres.
      5800 N Moss Ave, Odessa, TX 79764
      View Details

    FAQs

    What type of property is this?
    Distribution property - 16,100 SF Flex/Warehouse, 11.96 Acres
    Where is this distribution property located?
    The property is located at 2250 Dixie Blvd Odessa, TX.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: $3,400,000 asking price.; 16,100 square foot industrial building.; 2018 construction.
    Request Owner's contact information
    2250 Dixie Blvd Odessa, TX 79766
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2250 Dixie Blvd
    Odessa, TX 79766
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2250 Dixie Blvd Odessa, TX 79766
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kirk Strahan
    Kirk Strahan
    Real Estate License ID: TX
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.