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    1103 Market Ave Odessa, TX 79761

    For Sale
    $1,600,000

    11,040 SF Warehouse, Prime Location

    Property size:
    11,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 11,040-square-foot warehouse, situated at 1103 Market Ave in Odessa, Texas, presents a compelling investment opportunity. Built in 1976, the property sits on a generous 3.79-acre lot and is priced at $1,600,000, or $144.93 per square foot. Its prime location on Market Avenue offers excellent visibility and accessibility, making it highly attractive to businesses prioritizing convenient access and high exposure. The property benefits from easy access to major highways, including I-20, ensuring efficient distribution and seamless connectivity to regional and national markets. Inside, the warehouse boasts high ceilings, providing ample vertical clearance for various operational needs. A loading dock and overhead doors are included, streamlining shipping and receiving processes. The property also features dedicated office space, conference rooms, and employee facilities, enhancing its functionality and appeal. Surrounded by other industrial properties, this warehouse offers a strategic location within a thriving industrial sector in Ector County, Texas, zip code 79761. The ample floor space allows for the efficient storage of machinery, equipment, and inventory. This property is an ideal choice for businesses seeking a well-located, functional, and spacious warehouse in a rapidly growing area.

    Property Features for 1103 Market Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    11,040 SF
    Lot Size
    165,092 SF

    Building Details

    Year Built
    1976

    HighLights

    • Large floor area accommodates machinery, equipment, and inventory.
    • High ceilings provide ample vertical clearance.
    • On‑site loading dock and overhead doors ensure efficient shipping and receiving.
    • Prime industrial location with easy I‑20 access and dedicated office space, conference rooms, and employee facilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sun Electric Services ... Electrician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3290045
    Latitude
    31.8482011

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    FAQs

    What type of property is this?
    Distribution property - 11,040 SF Warehouse, Prime Location
    Where is this distribution property located?
    The property is located at 1103 Market Ave Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Large floor area accommodates machinery, equipment, and inventory.; High ceilings provide ample vertical clearance.; On-site loading dock and overhead doors ensure efficient shipping and receiving.
    Request Owner's contact information
    1103 Market Ave Odessa, TX 79761
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    Odessa, TX 79761
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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
    1103 Market Ave Odessa, TX 79761
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