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    901 John Ben Shepperd Pkwy Odessa, TX 79761

    For Sale
    $843,325

    1.21-acre industrial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 1.21-acre industrial land parcel, located at 901 S John Ben Shepperd Pkwy in Odessa, Texas (zip code 79761), presents a compelling investment opportunity. Zoned for light industrial use, this property offers significant potential for diverse development projects. Its strategic location just off Interstate 20 provides outstanding highway connectivity, ensuring high visibility and accessibility. The property is less than 10 miles from Midland International Airport, further enhancing its appeal. Existing infrastructure includes readily available water, sewer, and electricity connections, simplifying development plans. The site's suitability for various uses, including a gas station, convenience store, hotel, auto parts store, or workforce housing, makes it highly versatile. The surrounding area boasts a thriving business environment, with established businesses such as a Family Dollar Distribution Center, Staybridge Suites, Comfort Inn & Suites, Forrest Brothers Tire and Alignment, and the West Texas Food Bank nearby. This property offers a unique blend of location, zoning, and utility access, making it an ideal choice for investors seeking a high-return development project in a rapidly growing area of West Texas. The asking price is $843,325.

    Property Features for 901 John Ben Shepperd Pkwy

    General Information

    Property type
    Land
    Lot Size
    52,708 SF

    HighLights

    • Outstanding highway connectivity to I‑20 and John Ben Shepperd Parkway.
    • Less than 10 miles from Midland International Airport.
    • Strong surrounding business environment including Family Dollar Distribution Center, Staybridge Suites, Comfort Inn & Suites, Forrest Brothers Tire and Alignment, and West Texas Food Bank.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.316259
    Latitude
    31.856217

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    FAQs

    What type of property is this?
    Land - 1.21-acre industrial lot, prime location.
    Where is this land located?
    The property is located at 901 John Ben Shepperd Pkwy Odessa, TX.
    What is the asking price?
    The asking price for this property is $843,325.
    What are key features of this property?
    This property features: Outstanding highway connectivity to I-20 and John Ben Shepperd Parkway.; Less than 10 miles from Midland International Airport.; Strong surrounding business environment including Family Dollar Distribution Center, Staybridge Suites, Comfort Inn & Suites, Forrest Brothers Tire and Alignment, and West Texas Food Bank.
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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
    901 John Ben Shepperd Pkwy Odessa, TX 79761
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