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Property profile & analytics
OFF-MARKET Estimated value $655,000
Office buildings

2500 Grandview Ave Odessa, TX 79766-9169

7,812 SF 20.52 ac lot Built 1970
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US82-9326719
Property summary
AI-generated overview

This exceptional 20.77-acre commercial property in Odessa, Texas, presents a unique investment opportunity. Located at 2500 S Grandview Ave, this expansive site boasts 13 individual buildings totaling 100,309 square feet, all currently vacant. Building sizes range from 1,121 to 16,492 square feet, offering flexibility for various retail uses. The property features two rail spurs, one active with a switch, providing significant logistical advantages. Infrastructure includes three-phase and single-phase power, and HVAC systems are present in most buildings. One building, a former bank constructed of brick, offers redevelopment potential. Other structures include a large shop and various other buildings. The property is chain-link fenced and situated on a corner lot, providing excellent road frontage. Note that one building contains asbestos and will require remediation or encapsulation according to regulations. The property is also available for lease at $40,000 per month, NNN. Built in 1970, this property is identified by APN 42430.00190.04000 in Ector County. The property's combination numbers are Middle Gate 0827 and Buildings 0828. No known restrictions exist.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Total area 7,812 SF
Lot 20.52 ac (893,851 SF)
Zoning code ES2
APN 42430.00190.04000
UPID US82-9326719
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$590k
CAP Approach CAP
by Request
Comparable Approach Comparable
$726k
Blend (final) Blend
$655k
Owner & transaction history
Water Tech INC
Water Tech INC
since 2026
1 recorded transaction
2026
$4.7M
Zoning & alternative use
ES2 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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