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    1002 County Rd Odessa, TX 79763

    For Sale
    $2,634,660

    50 acres, I-20 access, multiple buildings

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 50.18-acre industrial property in Odessa, Texas, presents a significant investment opportunity. Located just off I-20 and South County Road West, this expansive site offers convenient access to major transportation routes. The asking price is $2,634,660, translating to approximately $52,500 per acre. The property boasts three existing structures: a roughly 3,450 square foot office building, a second approximately 1,200 square foot office building, and a substantial approximately 5,000 square foot warehouse. This versatile land is ideal for various industrial uses, including a pipe yard or new development projects. The site benefits from convenient ingress and egress points on South County Road West and Maurice Avenue. Water and sewer services are readily available in the immediate vicinity, making this a fully serviced and ready-to-develop location in Ector County, Texas, zip code 79763. This is a rare opportunity to acquire a large, well-located industrial parcel with existing infrastructure.

    Property Features for 1002 County Rd

    General Information

    Property type
    Land
    Lot Size
    2,185,841 SF

    HighLights

    • 50.18‑acre industrial property in Odessa, TX, priced at $2,634,660 ($52,500/acre).
    • Convenient I‑20 and South County Road West access.
    • Features three existing buildings: ~3,450 SF office, ~1,200 SF office, and ~5,000 SF warehouse.
    • Suitable for various industrial uses, including pipe yards and new development.
    • Ready‑to‑develop with available water and sewer; located in Ector County, TX (79763).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Pharmacy 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
    -102.38360533018
    Latitude
    31.8224034228

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    FAQs

    What type of property is this?
    Land - 50 acres, I-20 access, multiple buildings
    Where is this land located?
    The property is located at 1002 County Rd Odessa, TX.
    What is the asking price?
    The asking price for this property is $2,634,660.
    What are key features of this property?
    This property features: 50.18-acre industrial property in Odessa, TX, priced at $2,634,660 ($52,500/acre).; Convenient I-20 and South County Road West access.; Features three existing buildings: ~3,450 SF office, ~1,200 SF office, and ~5,000 SF warehouse.
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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
    1002 County Rd Odessa, TX 79763
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