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    2960 Fm 866 Odessa, TX 79763

    For Sale
    $250,000

    Prime 2-acre commercial/industrial lot. Excellent investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 2-acre lot, identified as Lot 5, presents a compelling investment opportunity in Odessa, Texas. Located at 2960 S FM 866, Ector County, this property is zoned EC2 and offers significant potential for various commercial or industrial uses. The asking price is $250,000. A key advantage is the availability of a metered water system, allowing for convenient connection. This parcel is part of a larger offering

    Property Features for 2960 Fm 866

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • 2‑acre commercial lot in Odessa, Texas.
    • Located at 2960 S FM 866, Ector County, zoned EC2.
    • Asking price: $250,000.
    • Features metered water.
    • Part of a larger offering.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.5388994
    Latitude
    31.7587486

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    FAQs

    What type of property is this?
    Land - Prime 2-acre commercial/industrial lot. Excellent investment opportunity.
    Where is this land located?
    The property is located at 2960 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: 2-acre commercial lot in Odessa, Texas.; Located at 2960 S FM 866, Ector County, zoned EC2.; Asking price: $250,000.
    Request Owner's contact information
    2960 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
    2960 Fm 866 Odessa, TX 79763
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