Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7402 Eastridge Rd Odessa, TX 79765

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    12.14 Acres, Prime Location, $1.1M

    Property Features for 7402 Eastridge Rd

    General Information

    Property type
    Land
    Lot Size
    528,818 SF

    We can help!

    Listing Contact
    Beau Tucker
    Beau Tucker

    Listing Agency: Coldwell Banker Commercial Capital Advisors Listing Agent: Beau Tucker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 12.14-acre development site presents a compelling investment opportunity in rapidly growing east Odessa, Texas. Strategically located just west of Yukon Road and south of Eastridge Road, this property benefits from its proximity to a thriving retail corridor, less than a mile to the northwest. Major retailers such as Walmart, Target, Academy, Best Buy, Petco, and numerous hotels (Courtyard, La Quinta, Homewood Suites, Woodspring Suites) are within close proximity, ensuring high visibility and strong potential for future development. The Odessa Country Club is conveniently located less than half a mile to the south and east, adding to the desirability of the area. The site's ideal placement makes it perfectly suited for residential development, capitalizing on the area's robust growth and demand. The asking price for this prime 12.14-acre tract is $1,100,000. The property's address is 7402 Eastridge Road, Odessa, TX 79765, in Ector County. This is a rare opportunity to acquire a significant land parcel in a high-growth area with excellent access to major retail and amenities. Don't miss this chance to secure a piece of Odessa's future.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.29677428083
    Latitude
    31.899322932175

    Nearby Similar for Sale

    • New
      $405,000
      3,041 SF

      Odessa Flex Space with Office

      3,041 SF flex space with remodeled office on 0.46 acres.
      13023 W County Road 123, Odessa, TX 79765
      View Details
    • New
      $405,000
      3,041 SF

      Versatile Building Near Highway 80

      3,041 SF building on 0.46 acres near Hwy 80.
      13023 W County Road 123, Odessa, TX 79765
      View Details
    • New
      $627,900
      2,700 SF

      Turnkey Oil Change Operation

      Commercial building with five bays on oversized double parcel.
      8444 W University Blvd, Odessa, TX 79764
      View Details
    • $500,000
      9,116 SF

      Versatile Building in Odessa, Texas

      Adaptable 9,116 sq ft building suitable for various uses.
      1709 W 9Th St, Odessa, TX 79763
      View Details
    • $700,000
      5,000 SF

      Versatile Commercial Space in Odessa, TX

      Commercial property with office space, storage, and a 3-bay shop.
      1135 W 42Nd St, Odessa, TX 79764
      View Details
    • $595,000
      14,830 SF

      Odessa Industrial Property with Upside

      Three-building industrial property on 3.4 acres, ideal for owner-users.
      302 Industrial Ave, Odessa, TX 79761
      View Details
    • New
      $1,850,000
      7,500 SF

      Furnished Office and Mechanic Shop

      Spacious furnished office with mechanic shop and living quarters.
      3670 N Moss Ave, Odessa, TX 79764
      View Details
    • New
      $1,850,000
      7,500 SF

      Furnished Office and Mechanic Shop

      Spacious furnished office with mechanic shop and 10-man camp.
      3670 N Moss Ave, Odessa, TX 79764
      View Details
    • New
      $1,850,000
      7,500 SF

      Furnished Office and Mechanic Shop

      Spacious office with mechanic shop, storage, and large parking.
      3670 N Moss Ave, Odessa, TX 79764
      View Details
    • New
      $3,250,000
      38,465 SF

      Renovated Warehouse with Showroom, Offices

      Renovated warehouse with showroom, offices, and secured parking.
      2400 Steven Rd, Odessa, TX 79764
      View Details
    • New
      $150,000
      5,620 SF

      Odessa Office Building For Sale

      Office building in Odessa, Texas, with redevelopment potential.
      800 S Jackson Ave, Odessa, TX 79761
      View Details
    • $1,999,000
      5,552 SF

      Modern Office Space in Odessa

      Flexible office space with modern amenities and ample parking.
      501 E 7Th St, Odessa, TX 79761
      View Details

    FAQs

    What type of property is this?
    Land - 12.14 Acres, Prime Location, $1.1M
    Where is this land located?
    The property is located at 7402 Eastridge Rd Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price.; 12.14-acre development site.; Located in Odessa, TX, at 7402 Eastridge Road.
    (806) 793-0888 Call to check price and availability
    Request Owner's contact information
    7402 Eastridge Rd Odessa, TX 79765
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7402 Eastridge Rd
    Odessa, TX 79765
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7402 Eastridge Rd Odessa, TX 79765
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Beau Tucker
    Beau Tucker
    (806) 793-0888 (806) 470-3944 (806) 784-3298
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!