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    Odessa/Penwell Odessa, TX 79763

    Sponsored
    For Sale
    $1,500,000

    Exceptional Commercial Land, High-Traffic Intersection

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 50-acre commercial land parcel presents a unique investment opportunity in the thriving Odessa-Penwell area of Texas. Strategically located at the high-traffic intersection of I-20 West and FM 1053, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial developments. The asking price is $1,500,000, representing a land value of $30,000 per acre. Situated in Ector County, with a 79763 zip code, this expansive tract offers significant potential for developers seeking a prime location for retail, industrial, or mixed-use projects. The property's location within a rapidly growing region ensures strong future appreciation and a robust return on investment. Its size and prime location provide ample space for large-scale developments, catering to the increasing demand for commercial space in the Odessa-Penwell area. Detailed surveys and environmental reports are available upon request. Don't miss this chance to acquire a significant piece of prime commercial real estate in a dynamic Texas market. This property is ready for immediate development, offering a rare opportunity to capitalize on the area's continued growth and economic prosperity. Contact us today to learn more about this exceptional investment opportunity.

    Property Features for 0 Odessa/Penwell

    General Information

    Property type
    Land
    Lot Size
    2,178,000 SF

    HighLights

    • 50‑acre commercial land parcel in Odessa‑Penwell, Texas.
    • High‑traffic I‑20 West & FM 1053 intersection location.
    • $1,500,000 asking price ($30,000/acre).
    • Ector County, 79763 zip code.
    • Ideal for retail, industrial, or mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.4817557
    Latitude
    31.7857028

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    FAQs

    What type of property is this?
    Land - Exceptional Commercial Land, High-Traffic Intersection
    Where is this land located?
    The property is located at Odessa/Penwell Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 50-acre commercial land parcel in Odessa-Penwell, Texas.; High-traffic I-20 West & FM 1053 intersection location.; $1,500,000 asking price ($30,000/acre).
    (432) 703-2545
    Request Owner's contact information
    Odessa/Penwell Odessa, TX 79763
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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
    Odessa/Penwell Odessa, TX 79763
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