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    2940 Fm 866 Odessa, TX 79763

    For Sale
    $250,000

    Prime 2-acre commercial/industrial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 2-acre commercial/industrial land parcel, located at 2940 S FM 866 in Odessa, Texas (zip code 79763, Ector County), is offered at an attractive price of $250,000. Designated as Lot 6, this property presents a significant opportunity for various commercial or industrial uses, as permitted under the EC2 zoning classification. The land boasts a readily accessible metered water system, simplifying connection for future development. This is a standalone offering, but note that two additional adjacent lots are also available for purchase: Lot 5 for $250,000 and Lot 7 for $299,000 (featuring power fencing and two gates). A combined purchase of all three lots (Lots 5, 6, and 7), encompassing a total of 6 acres, is also possible at a price of $699,000. The property's coordinates are 31.772566 latitude and -102.544961 longitude. This presents a compelling investment opportunity in a dynamic Texas market. Serious inquiries are encouraged.

    Property Features for 2940 Fm 866

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • $250,000 asking price for 2‑acre lot.
    • Located at 2940 S FM 866, Odessa, TX 79763.
    • EC2 zoning.
    • Available water meter connection.
    • Two additional adjacent lots available for purchase.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.544961
    Latitude
    31.772566

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    FAQs

    What type of property is this?
    Land - Prime 2-acre commercial/industrial lot.
    Where is this land located?
    The property is located at 2940 Fm 866 Odessa, TX.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price for 2-acre lot.; Located at 2940 S FM 866, Odessa, TX 79763.; EC2 zoning.
    Request Owner's contact information
    2940 Fm 866 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
    2940 Fm 866 Odessa, TX 79763
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