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    6801 Murphy St Odessa, TX 79763

    For Sale
    $1,640,000

    32.82-acre site, I-20 frontage, Permian Basin.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 32.82-acre commercial and industrial land parcel presents a unique investment opportunity in the heart of the Permian Basin, Texas. Located at 6801 W Murphy St, Odessa, TX 79763, this property boasts unparalleled access to major transportation arteries, including Interstate 20, Business 20, Loop 338, and FM 1936, ensuring seamless logistics and connectivity. Its strategic location within Ector County places it at the center of significant oilfield activity, surrounded by existing and planned industrial developments. The site's proximity to established industrial businesses underscores its potential for immediate development and long-term growth. The asking price is $1,640,000. Given its size, location, and access to key infrastructure, this property is ideally suited for the creation of an industrial campus or industrial park, capitalizing on the region's robust energy sector and ongoing expansion. The property's Interstate 20 frontage provides exceptional visibility and accessibility, making it an attractive proposition for a wide range of industrial uses. This is a rare opportunity to acquire a substantial land holding in a high-growth area with significant potential for future appreciation.

    Property Features for 6801 Murphy St

    General Information

    Property type
    Land
    Lot Size
    1,429,639 SF

    HighLights

    • 32.82‑acre commercial/industrial land parcel in Odessa, TX, priced at $1,640,000.
    • Prime Permian Basin location with I‑20 frontage, offering excellent visibility and access to major transportation arteries (I‑20, Business 20, Loop 338, FM 1936).
    • Surrounded by existing and planned oilfield‑related industrial developments, ideal for an industrial campus or park.
    • Situated in Ector County, a key access point to the entire Permian Basin, ensuring strong potential for future appreciation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Auto Parts Store Department Store Storage Facility Convenience Store Shopping Mall Pet Supply Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.4422708
    Latitude
    31.8043616

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    FAQs

    What type of property is this?
    Land - 32.82-acre site, I-20 frontage, Permian Basin.
    Where is this land located?
    The property is located at 6801 Murphy St Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,640,000.
    What are key features of this property?
    This property features: 32.82-acre commercial/industrial land parcel in Odessa, TX, priced at $1,640,000.; Prime Permian Basin location with I-20 frontage, offering excellent visibility and access to major transportation arteries (I-20, Business 20, Loop 338, FM 1936).; Surrounded by existing and planned oilfield-related industrial developments, ideal for an industrial campus or park.
    Request Owner's contact information
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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
    6801 Murphy St Odessa, TX 79763
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