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    850 I-20 Penwell Odessa, TX 79763

    For Sale
    $850,000

    Prime Retail & Land, Odessa, TX

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 850 W I-20 Penwell in Odessa, Texas, presents a unique investment opportunity. The 5-acre lot features three buildings totaling 4,000 square feet of retail space, ideal for a variety of uses. Built in 1999, the property boasts a main building with a shop area (85' x 39', 17' high ceilings), an office (10' x 15'), and a 14' x 12' bay door. Additional storage buildings are also included. The property benefits from prime Interstate 20 frontage, providing excellent visibility and accessibility. Three parking spaces are available. The asking price is $850,000, or $212.50 per square foot. The land value alone is $170,000 per acre. The property is offered with a ground lease, and the lease terms are negotiable. Additional acreage (up to 15+ acres) may be available. Rail access is available. Water tanks are needed

    Property Features for 850 I-20 Penwell

    General Information

    Property type
    Self storage facilities
    Square Feet
    4,000 SF
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1999
    Buildings
    3

    HighLights

    • 14' x 12' bay door.
    • 17' clear ceiling height.
    • 85' x 39' shop space.
    • 10' x 15' office within shop.
    • 14' high x 12' wide shop door.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    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
    -102.6071066
    Latitude
    31.7336386

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    FAQs

    What type of property is this?
    Self storage facility - Prime Retail & Land, Odessa, TX
    Where is this self storage facility located?
    The property is located at 850 I-20 Penwell Odessa, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 14' x 12' bay door.; 17' clear ceiling height.; 85' x 39' shop space.
    Request Owner's contact information
    850 I-20 Penwell Odessa, TX 79763
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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
    850 I-20 Penwell Odessa, TX 79763
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