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    5450 Fm 866 Odessa, TX 79764

    For Sale
    $990,000

    Prime 12-acre commercial lot, Odessa, TX.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 12-acre commercial land parcel is ideally situated at 5450 N FM 866 in Odessa, Texas, zip code 79764. The property boasts significant highway frontage on FM 866, offering excellent visibility and accessibility. The land is already cleared and features a caliche lay-down yard, a water well, and fencing on the front and sides. There are no known restrictions on the property. Its strategic location provides easy access to University Avenue and Highway 302 West, as well as convenient access to Interstate 20 West heading south. This presents a unique opportunity for various commercial ventures, capitalizing on the substantial growth experienced in West Odessa and the Penwell area, fueled by the influx of new industrial plants. Note that an additional 24 acres are available for purchase, bringing the total potential acreage to 36. The additional acreage includes a framed shop with an 8-inch cement foundation and a three-phase 480-600 amp electrical service currently in progress. The entire property has been surveyed. This is a rare opportunity that won't last long. The asking price for this 12-acre parcel is $990,000.

    Property Features for 5450 Fm 866

    General Information

    Property type
    Land
    Lot Size
    522,720 SF

    HighLights

    • 12‑acre commercial lot in Odessa, TX (79764) at 5450 N FM 866.
    • Excellent highway frontage on FM 866, providing high visibility and accessibility.
    • Cleared land with caliche lay‑down yard, water well, and perimeter fencing. No known restrictions.
    • Convenient access to University Ave, Hwy 302 W, and I‑20 W.
    • $990,000 asking price; adjacent 24‑acre parcel available (total 36 acres possible), including a framed shop with 8" concrete foundation and 3‑phase 480‑600 amp electrical service.
    • Entire property surveyed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.5702141
    Latitude
    31.8517103

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    FAQs

    What type of property is this?
    Land - Prime 12-acre commercial lot, Odessa, TX.
    Where is this land located?
    The property is located at 5450 Fm 866 Odessa, TX.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: 12-acre commercial lot in Odessa, TX (79764) at 5450 N FM 866.; Excellent highway frontage on FM 866, providing high visibility and accessibility.; Cleared land with caliche lay-down yard, water well, and perimeter fencing. No known restrictions.
    (432) 703-2545
    Request Owner's contact information
    5450 Fm 866 Odessa, TX 79764
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    Odessa, TX 79764
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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
    5450 Fm 866 Odessa, TX 79764
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