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    TBD2920 Fm 866 Odessa, TX 79763

    For Sale
    $699,000

    Prime Ector County commercial land, 6 acres, power fenced.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 6-acre commercial land parcel, located at TBD 2920 S FM 866 in Odessa, Texas (zip code 79763), presents a unique investment opportunity. The property, encompassing Lots 5, 6, and 7 within the 866 Industrial subdivision in Ector County, is zoned EC2 and offers significant potential for various commercial ventures. The asking price for the entire 6-acre tract is $699,000. Key features include existing power fencing and two gates, enhancing security and accessibility. A metered water system is readily available for connection. Alternatively, individual lot purchases are possible: Lot 7 (approximately 2 acres) is available for $299,000, also with power fencing and two gates. Lots 5 and 6 are each offered at $250,000. The property's APN is 09250.00007.00000. This prime location in Odessa, Texas, offers excellent visibility and convenient access to major transportation routes, making it an ideal site for a variety of commercial developments. The latitude and longitude coordinates are 31.7587486 and -102.5388994, respectively. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving Texas market.

    Property Features for TBD2920 Fm 866

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • Two adjacent ±2‑acre lots, Block 1, Lots 5 & 6, located at 2940 S FM 866.
    • ±2‑acre lot, Block 1, Lot 7, located in the 866 Industrial subdivision.
    • All three lots (Lots 5, 6, & 7) are situated within the 866 Industrial subdivision.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.5388994
    Latitude
    31.7587486

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    FAQs

    What type of property is this?
    Land - Prime Ector County commercial land, 6 acres, power fenced.
    Where is this land located?
    The property is located at TBD2920 Fm 866 Odessa, TX.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Two adjacent ±2-acre lots, Block 1, Lots 5 & 6, located at 2940 S FM 866.; ±2-acre lot, Block 1, Lot 7, located in the 866 Industrial subdivision.; All three lots (Lots 5, 6, & 7) are situated within the 866 Industrial subdivision.
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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
    TBD2920 Fm 866 Odessa, TX 79763
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