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    2901 Interstate 20 Odessa, TX 79761

    Sponsored
    For Lease
    $25 SF/Yr ($18,750 /Mo)

    Prime Odessa retail space, multiple suites available.

    Lot size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    The Rectangle Plaza, located at 2901 E Interstate 20, Odessa, TX 79761, offers 9,000 square feet of retail space in a single-story building constructed in 2020. This property sits on a 1.09-acre lot and is zoned for Light Industrial use in Ector County. Currently, there are 6,375 square feet of vacant space available, divisible into units as small as 1,500 square feet, with a maximum contiguous space of 1,875 square feet. The building features a total of five suites. Ample parking is provided with approximately 55 spaces. The property enjoys excellent visibility and accessibility due to its Interstate 20 location, experiencing an estimated 55,000 vehicles per day. The lease rate is $25.00 per square foot, plus NNN charges. This versatile space is suitable for various uses, including office, restaurant, medical, and strip mall configurations. Cross street access is available via S Pagewood Ave. No elevators are present.

    Property Features for 2901 Interstate 20

    General Information

    Property type
    Strip malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,000 SF
    Total Rate
    18750

    Building Details

    Year Built
    2020
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space D
    Size
    1,500 SF
    Rate per SF
    $25
    Space
    Available Space C
    Size
    958 SF
    Rate per SF
    $25

    HighLights

    • Corner location at Pagewood Ave. and I‑20 Service Road.
    • Interstate 20 frontage road with high visibility, 55,000 VPD.
    • 9,000 SF single‑story retail building, 2020 construction.
    • 6,375 SF of vacant space available, divisible to 1,500 SF minimum, 1,875 SF maximum contiguous.
    • White box condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    La Norteña Tamale ... Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.31976845
    Latitude
    31.85276013

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    FAQs

    What type of property is this?
    Strip mall - Prime Odessa retail space, multiple suites available.
    Where is this strip mall located?
    The property is located at 2901 Interstate 20 Odessa, TX.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Corner location at Pagewood Ave. and I-20 Service Road.; Interstate 20 frontage road with high visibility, 55,000 VPD.; 9,000 SF single-story retail building, 2020 construction.
    Request Owner's contact information
    2901 Interstate 20 Odessa, TX 79761
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    Odessa, TX 79761
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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
    2901 Interstate 20 Odessa, TX 79761
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