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    9054 University Blvd Odessa, TX 79764

    For Sale
    $1,400,000

    10,505 SF Warehouse, 1.41 Acres

    Property size:
    10,505 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 10,505-square-foot industrial property, situated on a 1.41-acre lot in Odessa, Texas, presents a compelling owner-user opportunity. Built in 2015 and renovated in 2021, the building boasts a spacious 9,505-square-foot warehouse featuring three 14' x 12' overhead roll-up doors, one 8' x 12' overhead door, and one 10' x 12' automatic overhead door. The warehouse also includes 5,225 square feet of climate-controlled space with five additional private offices. A 1,000-square-foot office area complements the warehouse, offering two private offices, a reception area, break room, and restrooms with a shower. The property benefits from a substantial 3-phase, 480V, 600-amp power supply, Ector County water service, and a septic system. The expansive yard is paved with a combination of asphalt and asphalt millings. The asking price is $1,400,000, translating to $133.27 per square foot. This property is located at 9054 W University Blvd, Odessa, TX 79764 and is outside of city zoning. The property is vacant and available for immediate occupancy. This is a NNN lease. The ceiling height within the warehouse is 17 feet.

    Property Features for 9054 University Blvd

    General Information

    Property type
    Distribution properties
    Square Feet
    10,505 SF
    Lot Size
    61,420 SF

    Building Details

    Year Built/Renovated
    2015/2021

    HighLights

    • 10,505 SF industrial building on 1.41 acres in Odessa, TX, asking $1,400,000.
    • Vacant, owner‑user opportunity with NNN lease terms.
    • Features 9,505 SF warehouse space with multiple overhead doors (three 14' x 12', one 8' x 12', and one 10' x 12' automatic).
    • Includes 1,000 SF of climate‑controlled office space with private offices.
    • Built in 2015 and renovated in 2021, with 17' ceilings, 3‑phase power, and paved yard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Texas Energy Control ... Oil Field Equipment Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.48242730603
    Latitude
    31.845186568393

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    FAQs

    What type of property is this?
    Distribution property - 10,505 SF Warehouse, 1.41 Acres
    Where is this distribution property located?
    The property is located at 9054 University Blvd Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 10,505 SF industrial building on 1.41 acres in Odessa, TX, asking $1,400,000.; Vacant, owner-user opportunity with NNN lease terms.; Features 9,505 SF warehouse space with multiple overhead doors (three 14' x 12', one 8' x 12', and one 10' x 12' automatic).
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    9054 University Blvd 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
    9054 University Blvd Odessa, TX 79764
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