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    Tbd685 I-20 Odessa Pleasant Farms, TX 79766

    For Sale
    $35,962,500

    685 Acres, Prime Location, $52,500/Acre

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 685-acre commercial land parcel presents a significant investment opportunity in Odessa, Texas. Located near the intersection of I-20, Texaco Road, and FM 1053, this property boasts prime highway frontage, offering unparalleled visibility and accessibility. The land is zoned EC2 and is currently unsubdivided, providing flexibility for a wide range of commercial developments. Three-phase power is available at the road, with nearby substations ensuring ample power supply. The asking price is $35,962,500, translating to a land value of $52,500 per acre. This substantial acreage offers potential for various large-scale commercial projects. The property is situated in Ector County, Texas, with a zip code of 79766. Buyers are responsible for verifying all information, including taxes, and are encouraged to obtain GPS coordinates for precise location details. Additional acreage may be available in Odessa, Penwell, and Notrees, Texas, upon request. This is a rare opportunity to acquire a large, strategically located commercial land parcel with significant development potential.

    Property Features for Tbd685 I-20 Odessa

    General Information

    Property type
    Land
    Lot Size
    29,838,600 SF

    HighLights

    • 685‑acre commercial land parcel in Odessa, TX, priced at $35,962,500 ($52,500/acre).
    • Prime highway frontage at I‑20, Texaco Road, and FM 1053 intersection, offering excellent visibility and accessibility.
    • EC2 zoning, unsubdivided, allowing for diverse commercial development.
    • Three‑phase power available at the road with nearby substations.
    • Located in Ector County, TX, zip code 79766.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Farms
    County
    Ector
    State
    Texas
    Longitude
    -102.3922135
    Latitude
    31.703691

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    FAQs

    What type of property is this?
    Land - 685 Acres, Prime Location, $52,500/Acre
    Where is this land located?
    The property is located at Tbd685 I-20 Odessa Pleasant Farms, TX.
    What is the asking price?
    The asking price for this property is $35,962,500.
    What are key features of this property?
    This property features: 685-acre commercial land parcel in Odessa, TX, priced at $35,962,500 ($52,500/acre).; Prime highway frontage at I-20, Texaco Road, and FM 1053 intersection, offering excellent visibility and accessibility.; EC2 zoning, unsubdivided, allowing for diverse commercial development.
    (432) 703-2545
    Request Owner's contact information
    Tbd685 I-20 Odessa Pleasant Farms, TX 79766
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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
    Tbd685 I-20 Odessa Pleasant Farms, TX 79766
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