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    2451 Murphy St Odessa, TX 79763

    For Sale
    $2,300,000

    27.74 acres, metal construction, $2.3M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 27.74-acre commercial land parcel presents a remarkable investment opportunity in Odessa, Texas. Located at 2451 W Murphy St, in Ector County, this property boasts a strategic location within the vibrant city of Odessa, TX 79763. The asking price is $2,300,000. The existing structures on the land are of metal construction. This expansive tract offers significant potential for a wide range of commercial developments, capitalizing on Odessa's robust economy and growing population. Its prime location provides excellent visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in the area. The property's size and zoning (which should be independently verified) allow for considerable flexibility in development plans. With its substantial acreage and strategic location, this property represents a rare chance to acquire a significant commercial land holding in a thriving Texas market. Serious inquiries are encouraged to explore the full potential of this exceptional investment opportunity. Further due diligence, including but not limited to, zoning verification and environmental assessments, is recommended.

    Property Features for 2451 Murphy St

    General Information

    Property type
    Land

    HighLights

    • List Price: $2,300,000
    • Address: 2451 W Murphy St, Odessa, TX 79763
    • City: Odessa, Ector County, TX
    • Existing Structures: Metal construction
    • Acreage: Approximately 27.74 acres
    Property Profile Location Intelligence

    Current Use by Public Records

    Varela Diesel, LLC Auto Repair Shop 5 J Trucking ... Trucking Company

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Clothing Store Auto Repair Shop Gym & Fitness Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.3951726
    Latitude
    31.8276159

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    FAQs

    What type of property is this?
    Land - 27.74 acres, metal construction, $2.3M
    Where is this land located?
    The property is located at 2451 Murphy St Odessa, TX.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: List Price: $2,300,000; Address: 2451 W Murphy St, Odessa, TX 79763; City: Odessa, Ector County, TX
    Request Owner's contact information
    2451 Murphy 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
    2451 Murphy St Odessa, TX 79763
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