0 Fm 1787, Odessa, TX 79766
This exceptional 10.5-acre parcel of land is situated on West FM 1787 in Odessa, Texas, within Midland County (zip code 79766). The property is zoned for County use and offers significant potential for commercial or industrial development. Previously part of a larger 18.5-acre tract, this remaining land is ready for its next chapter. The seller is willing to subdivide the property, with a suggested plat indicating the possibility of creating 10 lots ranging from 1 to 2.5 acres each. This presents a unique opportunity for multiple buyers or a single developer seeking a substantial footprint. The land itself is raw and unimproved, but boasts two existing water wells on-site. Conveniently located near established industrial buildings, this property benefits from the proximity of readily available electric and sewer utilities. Its strategic location on a major thoroughfare, in a region known for active Permian Basin drilling operations, makes it an attractive investment for businesses seeking a strong presence in this thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.