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    7311 Andrews Hwy Odessa, TX 79765

    For Sale
    $1,700,000

    14,676 SF Warehouse, $1.7M

    Property size:
    14,676 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional Odessa, Texas industrial property offers a combined 14,676 square feet of warehouse space, ideally suited for manufacturing and storage. Situated on a 1.98-acre lot at 7311 & 7401 Andrews Highway, this property boasts a prime location across from Schlemeyer Field Airport and near the intersection of Andrews Highway and Yukon Road, less than 3 miles east of Loop 338. Built in 1980, the buildings feature a functional layout maximizing workflow, including both office and warehouse areas for versatile business needs. The property includes secure perimeter fencing and a paved customer parking area. Additional features include a caliche yard and ample space for storage, presenting a significant expansion opportunity. The asking price for this well-maintained industrial property is $1,700,000. This is a rare opportunity to acquire a substantial industrial property in a thriving commercial area of Odessa, Texas. The property's strategic location and functional design make it an attractive investment for a variety of businesses seeking efficient and secure warehouse space.

    Property Features for 7311 Andrews Hwy

    General Information

    Property type
    Distribution properties
    Square Feet
    14,676 SF
    Lot Size
    86,249 SF

    Building Details

    Year Built
    1980

    HighLights

    • 14,676 SF industrial property in Odessa, TX, ideal for manufacturing & storage.
    • Located on a 1.98‑acre lot at 7311 & 7401 Andrews Highway, near Schlemeyer Field Airport and Loop 338.
    • Built in 1980, featuring office and warehouse space with a functional layout.
    • Secure perimeter fencing, paved customer parking, and a caliche yard.
    • Ample storage space with expansion potential.
    • Asking price: $1,700,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Gym & Fitness 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
    -102.3966553
    Latitude
    31.9156321

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    FAQs

    What type of property is this?
    Distribution property - 14,676 SF Warehouse, $1.7M
    Where is this distribution property located?
    The property is located at 7311 Andrews Hwy Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 14,676 SF industrial property in Odessa, TX, ideal for manufacturing & storage.; Located on a 1.98-acre lot at 7311 & 7401 Andrews Highway, near Schlemeyer Field Airport and Loop 338.; Built in 1980, featuring office and warehouse space with a functional layout.
    Request Owner's contact information
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    Odessa, TX 79765
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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
    7311 Andrews Hwy Odessa, TX 79765
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