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    2500 Grandview Ave Odessa, TX 79766

    For Lease
    $4 SF/Yr

    Prime Odessa retail space, 13 buildings, rail access.

    Lot size:
    100,309 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    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 Features for 2500 Grandview Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    100,309 SF
    Total Rate
    39287.69

    Building Details

    Year Built
    1970
    Buildings
    13

    Unit(s) available at that property

    Space
    Build 1 Sec 1
    Size
    7,812 SF
    Rate per SF
    $4
    Space
    B1 Sec 2
    Size
    9,600 SF
    Rate per SF
    $4
    Space
    B1 Sec 3
    Size
    8,200 SF
    Rate per SF
    $4
    Space
    B1 S4
    Size
    10,176 SF
    Rate per SF
    $4
    Space
    B1 S5
    Size
    2,895 SF
    Rate per SF
    $4
    Space
    B1 S6
    Size
    9,150 SF
    Rate per SF
    $4
    Space
    B1 S7
    Size
    16,492 SF
    Rate per SF
    $4
    Space
    B1 S8
    Size
    5,925 SF
    Rate per SF
    $4
    Space
    B1 S9
    Size
    4,223 SF
    Rate per SF
    $4
    Space
    B1 S10
    Size
    3,483 SF
    Rate per SF
    $4
    Space
    B1 S11
    Size
    1,121 SF
    Rate per SF
    $4
    Space
    B1 S12
    Size
    11,710 SF
    Rate per SF
    $4
    Space
    B1 S13
    Size
    9,522 SF
    Rate per SF
    $4

    HighLights

    • 20.77‑acre commercial property in Odessa, Texas, at 2500 S Grandview Ave.
    • 13 vacant buildings totaling 100,309 square feet, ranging from 1,121 to 16,492 square feet.
    • Two rail spurs (one active with a switch).
    • Three‑phase and single‑phase power; HVAC in most buildings.
    • Chain‑link fenced corner lot with excellent road frontage.
    • Asbestos abatement required in one building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Auto Repair Shop Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.331335
    Latitude
    31.824978

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    FAQs

    What type of property is this?
    Retail property - Prime Odessa retail space, 13 buildings, rail access.
    Where is this retail property located?
    The property is located at 2500 Grandview Ave Odessa, TX.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 20.77-acre commercial property in Odessa, Texas, at 2500 S Grandview Ave.; 13 vacant buildings totaling 100,309 square feet, ranging from 1,121 to 16,492 square feet.; Two rail spurs (one active with a switch).
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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
    2500 Grandview Ave Odessa, TX 79766
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