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    4950 Andrews Hwy Odessa, TX 79762

    For Sale
    $690,200

    Spacious industrial warehouse, 10 acres, prime location.

    Property size:
    8,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional industrial property, located at 4950 Andrews Highway in Odessa, Texas, presents a significant investment opportunity. The property encompasses two buildings totaling 8,120 square feet situated on a generous 10.46-acre lot. The front building offers 6,000 square feet of space, while the rear building provides an additional 2,120 square feet, offering flexibility for various operational needs. Built in 1981, the property is well-maintained and features city water and sewer utilities. A substantial caliche yard and perimeter fencing enhance the property's functionality and security. Its strategic location on Andrews Highway (Highway 385), less than a mile from 42nd Street (Highway 191), provides convenient access to Odessa's major thoroughfares and benefits from high traffic volume. The surrounding area is characterized by other industrial users, creating a synergistic environment. This property is ideally suited for an oilfield service company or similar business requiring ample space and convenient access to Odessa's transportation network. The asking price is $690,200. The property's zip code is 79762, and it's located in Ector County.

    Property Features for 4950 Andrews Hwy

    General Information

    Property type
    Distribution properties
    Square Feet
    8,120 SF
    Lot Size
    455,638 SF

    Building Details

    Year Built
    1981

    HighLights

    • 8,120 SF industrial property on 10.46 acres in Odessa, TX.
    • Two buildings: 6,000 SF front building and 2,120 SF rear building.
    • City water and sewer; well‑maintained with caliche yard and perimeter fencing.
    • Built in 1981; located on Andrews Highway (Hwy 385), near Hwy 191, with high traffic volume.
    • Asking price: $690,200.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NOV Tuboscope Oil Field Equipment Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.385358
    Latitude
    31.891054

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    FAQs

    What type of property is this?
    Distribution property - Spacious industrial warehouse, 10 acres, prime location.
    Where is this distribution property located?
    The property is located at 4950 Andrews Hwy Odessa, TX.
    What is the asking price?
    The asking price for this property is $690,200.
    What are key features of this property?
    This property features: 8,120 SF industrial property on 10.46 acres in Odessa, TX.; Two buildings: 6,000 SF front building and 2,120 SF rear building.; City water and sewer; well-maintained with caliche yard and perimeter fencing.
    Request Owner's contact information
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    Odessa, TX 79762
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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
    4950 Andrews Hwy Odessa, TX 79762
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