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    20 Service Rd Odessa, TX 79766

    For Sale
    $2,005,740

    High-traffic, 20-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 20.26-acre commercial land parcel in Odessa, Texas, presents a remarkable investment opportunity. Located on Interstate 20 Service Road in Ector County, zip code 79766, this property boasts over 600 feet of prime I-20 frontage, ensuring high visibility and accessibility. Priced at $2,005,740 ($99,000/acre), this blank slate offers unparalleled potential for a wide range of commercial ventures. The property's strategic location provides easy access to I-20, Highway 385, a county road to the west, and Highway 338, placing businesses within a 20-minute drive of Midland International Airport. This high-traffic area guarantees significant exposure. Note that an additional 17+ acre tract is available to the east of this property, offering expansion possibilities. This centrally located property is ready for development, making it an ideal location to establish your business and capitalize on the area's robust commercial activity. The property's size and location combine to create a truly exceptional opportunity for growth and success.

    Property Features for 20 Service Rd

    General Information

    Property type
    Land
    Lot Size
    882,526 SF

    HighLights

    • Centrally located 20.26‑acre commercial land parcel in Odessa, Texas.
    • Ready‑for‑development blank slate with high visibility and accessibility.
    • High‑traffic location with over 600 feet of I‑20 frontage, offering significant exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.36913250984
    Latitude
    31.822329510884

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    FAQs

    What type of property is this?
    Land - High-traffic, 20-acre commercial lot.
    Where is this land located?
    The property is located at 20 Service Rd Odessa, TX.
    What is the asking price?
    The asking price for this property is $2,005,740.
    What are key features of this property?
    This property features: Centrally located 20.26-acre commercial land parcel in Odessa, Texas.; Ready-for-development blank slate with high visibility and accessibility.; High-traffic location with over 600 feet of I-20 frontage, offering significant exposure.
    (432) 688-8200
    Request Owner's contact information
    20 Service Rd Odessa, TX 79766
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    Odessa, 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
    20 Service Rd Odessa, TX 79766
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