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    16571 Basin St Odessa, TX 79763

    For Sale
    Contact for pricing

    Modern Odessa warehouse, office, & shop space.

    Property size:
    10,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 10,200-square-foot property in Odessa, Texas, offers a unique blend of industrial and office space, perfectly situated in the Basin Industrial Addition just off Interstate 20 and FM 866. Built in 2022, the building boasts a 5,000-square-foot shop area with three drive-through bays and a 22-foot clear height, ideal for various industrial uses. The property also includes a 1,600-square-foot office space featuring HVAC, his/her restrooms, and a conference room. A second-story area of 1,600 square feet offers additional storage or the potential for future office expansion. A 1,000-square-foot wash bay is available as an option, either for lease at $1,000 per month or for purchase at $100,000. The property is equipped with 3-phase, 480-volt power. While not crane-ready, this high-end build offers a prime location with easy access to major transportation routes. Lease options are available at $13,000 per month for a five-year lease (office and shop space only) or $14,200 per month for a five-year lease including the second story and wash bay. Alternatively, the entire property is available for purchase at $1,297,000. The property sits on approximately 5 acres. No known restrictions exist. The address is 16571 W Basin Street, Odessa, TX 79763.

    Property Features for 16571 Basin St

    General Information

    Property type
    Distribution properties
    Square Feet
    10,200 SF

    HighLights

    • 5,000 SF shop, 1,600 SF office, and 1,600 SF unfinished second story.
    • 22‑foot clear height.
    • Not crane‑ready.
    • 3‑phase, 480‑volt power.
    • Annual lease rate: $156,000 ($1.90/SF).
    • Located in Basin Industrial Addition, Odessa, TX.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.5465225
    Latitude
    31.7670802

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    FAQs

    What type of property is this?
    Distribution property - Modern Odessa warehouse, office, & shop space.
    Where is this distribution property located?
    The property is located at 16571 Basin St Odessa, TX.
    What are key features of this property?
    This property features: 5,000 SF shop, 1,600 SF office, and 1,600 SF unfinished second story.; 22-foot clear height.; Not crane-ready.
    Request Owner's contact information
    16571 Basin St 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
    16571 Basin St Odessa, TX 79763
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