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    850 I-20 Odessa, TX 79776

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    For Lease
    Contact for pricing

    5,000 SF Office/Warehouse in Odessa, TX

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5,000-square-foot property, located at 850 W I-20 in Penwell, Texas, presents a unique investment opportunity. The building, constructed in 1999, offers a blend of executive office space and warehouse functionality, ideal for a variety of businesses. The single-tenant occupancy allows for seamless operations and customization. Situated on a lot ranging from 0.29 to 5 acres, the property provides ample space for expansion or outdoor storage. The property consists of three buildings in total, offering flexibility in layout and usage. The zoning designation is EC2, and the property is located in Ector County, Texas, with a zip code of 79776. The entire 5,000 square feet is currently vacant, providing immediate occupancy for a new tenant. This property is conveniently located on the north side of Penwell, specifically identified as PSL Block B16, Section 02 (Card #4) Old Badger Plat Block 1, Lots 6-8. This versatile property is perfect for a company seeking a combination of office and warehouse space in a convenient location. The property's size and location make it an attractive option for businesses looking to establish or expand their operations in the Odessa, Texas area.

    Property Features for 850 I-20

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF

    Building Details

    Year Built
    1999
    Buildings
    3

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,000 SF

    HighLights

    • High‑bay warehouse and office space with excellent interstate visibility and access.
    • Shop and office space with recently remodeled restrooms.
    • Shop features a new bay door and mezzanine.
    • Includes a small office within the shop area.
    • Previously used as a mechanic's shop.
    • Prime location, minutes from the recently groundbreaking new OXI plant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.5913146
    Latitude
    31.7371247

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    FAQs

    What type of property is this?
    Distribution property - 5,000 SF Office/Warehouse in Odessa, TX
    Where is this distribution property located?
    The property is located at 850 I-20 Odessa, TX.
    What are key features of this property?
    This property features: High-bay warehouse and office space with excellent interstate visibility and access.; Shop and office space with recently remodeled restrooms.; Shop features a new bay door and mezzanine.
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    850 I-20 Odessa, TX 79776
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    Odessa, TX 79776
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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 Odessa, TX 79776
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