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Property profile & analytics
OFF-MARKET
Commercial real estate

302 Industrial Ave Odessa, TX 79761-5631

4,990 SF 1.63 ac lot Built 1958
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4045011
Property summary
AI-generated overview

This exceptional industrial property in Odessa, Texas, presents a significant investment opportunity. Located at 302 Industrial Ave, 79761, this vacant property encompasses 20,800 square feet of space distributed across three buildings situated on a 3.53-acre lot. The main building offers approximately 15,000 square feet, including 4,800 square feet of office space featuring three private offices, an open office area, a break room, restrooms, and a conference room. The shop area within the main building comprises roughly 10,200 square feet and includes four 14-foot-high overhead doors. A second building provides an additional 3,800 square feet of shop space with four 14-foot overhead doors. The third building, a recently constructed metal structure, offers 2,000 square feet, incorporating a 1,000-square-foot, 14-foot-high wash bay and an insulated shop area with a 12-foot overhead door. The property boasts convenient access to IH-20 via Myrtle Street and S Grandview Ave, a fully fenced perimeter with a 25-foot electric coded gate, 3-phase/480V power, a water well, LED lighting, asphalt front parking, a loading bay, 400 feet of adjacent rail spur, and an above-ground septic system (500 + 1,000-gallon tanks). The asking price is $1,500,000. This property is also available for lease.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1958
Total area 4,990 SF
Lot 1.63 ac (71,133 SF)
Zoning code ES2
APN 29300.00160.00000
UPID US82-4045011
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ace Specialties Inc Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Phosphate 48 LLC · 8 yrs held
Phosphate 48 LLC
since 2018
4 recorded transactions
2018
Price N/A
2016
Price N/A
2014
Price N/A
2014
Price N/A
Zoning & alternative use
ES2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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