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    4301 Medical Park Dr Odessa, TX 79765

    For Sale
    $5,380,531

    Three lots, high-traffic area, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional commercial land offering presents a unique investment opportunity in the thriving city of Odessa, Texas. Encompassing three contiguous lots totaling between 2.46 and 7.72 acres, this property boasts a highly desirable location at 4301 Medical Park Dr, zip code 79765, in Midland County. The land is priced between $15 and $16 per square foot, with an asking price of $5,380,531. Its strategic position offers unparalleled visibility and accessibility, surrounded by established businesses including Chick-fil-A, Rosa's Cafe, and Texas Burger. Convenience stores such as Kent Kwik and Stripes are also within close proximity, ensuring high foot traffic and consumer convenience. Adding to its appeal, the prestigious Odessa Country Club golf course is directly across the street, providing a desirable and upscale neighborhood ambiance. The property's proximity to these amenities makes it ideal for a variety of commercial developments, capitalizing on the strong local economy and high demand for commercial space in this rapidly growing area. The lots are situated adjacent to Paradigm Plaza, further enhancing their value and potential. This is a rare opportunity to acquire prime commercial land in a prime location with significant development potential.

    Property Features for 4301 Medical Park Dr

    General Information

    Property type
    Land
    Lot Size
    107,158 SF

    HighLights

    • Three contiguous lots totaling 2.46 to 7.72 acres.
    • Located at 4301 Medical Park Dr, Odessa, TX 79765 (Midland County).
    • Priced at $15-$16/SF, totaling $5,380,531.
    • High visibility and accessibility, near Chick‑fil‑A, Rosa's Cafe, Texas Burger, Kent Kwik, and Stripes.
    • Adjacent to Paradigm Plaza and across from Odessa Country Club.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Midland
    State
    Texas
    Longitude
    -102.2864846
    Latitude
    31.918709

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    FAQs

    What type of property is this?
    Land - Three lots, high-traffic area, excellent visibility.
    Where is this land located?
    The property is located at 4301 Medical Park Dr Odessa, TX.
    What is the asking price?
    The asking price for this property is $5,380,531.
    What are key features of this property?
    This property features: Three contiguous lots totaling 2.46 to 7.72 acres.; Located at 4301 Medical Park Dr, Odessa, TX 79765 (Midland County).; Priced at $15-$16/SF, totaling $5,380,531.
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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
    4301 Medical Park Dr Odessa, TX 79765
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