Property profile

0 Fm 1787 Odessa, TX 79766

OFF-MARKET
Land
10.5 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 10.5 ac (457,380 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Fm 1787 Odessa, TX 79766
Odessa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Fm 1787?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message