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    1606 Regal Ave Odessa, TX 79763

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    For Sale
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    9,000 SF Flex Warehouse, Lease Option Available

    Property size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,000-square-foot industrial property in Odessa, Texas, offers a blend of warehouse and flex space, ideal for various businesses. Situated on a 0.51-acre lot, the property boasts convenient access to Interstate 20's West I-20 North service road, making it a prime location for distribution or warehousing operations. The building, constructed in 1981, features approximately 1,200 square feet of well-appointed office space, including three private offices, a waiting area, a break room, and a versatile storage room or additional office space. The remaining 7,800 square feet comprises a warehouse area divided between two separate buildings, connected by a convenient concrete driveway. The property is zoned EB7 and offers a lease option for prospective tenants. Its strategic location and versatile layout make it an excellent choice for companies seeking efficient indoor storage and easy interstate access. The property's total net rentable area is 9,000 square feet. This is a rare opportunity to secure a well-maintained industrial space in a thriving location. The property's APN is 34060-00110-00000.

    Property Features for 1606 Regal Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    9,000 SF
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1981

    HighLights

    • 9,000 SF industrial property in Odessa, TX, with warehouse and flex space on a 0.51‑acre lot.
    • Excellent I‑20 access via the West I‑20 North service road, ideal for distribution.
    • Features 1,200 SF of office space with three private offices, waiting area, break room, and storage.
    • 7,800 SF warehouse space in two connected buildings.
    • Zoned EB7, lease option available.
    • APN: 34060‑00110‑00000.
    Property Profile Location Intelligence

    Current Use by Public Records

    SK Supply Co. Industrial Equipment Supplier

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3898137
    Latitude
    31.8189304

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    FAQs

    What type of property is this?
    Distribution property - 9,000 SF Flex Warehouse, Lease Option Available
    Where is this distribution property located?
    The property is located at 1606 Regal Ave Odessa, TX.
    What are key features of this property?
    This property features: 9,000 SF industrial property in Odessa, TX, with warehouse and flex space on a 0.51-acre lot.; Excellent I-20 access via the West I-20 North service road, ideal for distribution.; Features 1,200 SF of office space with three private offices, waiting area, break room, and storage.
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    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
    1606 Regal Ave Odessa, TX 79763
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