Property profile

0 Fm 866 Odessa, TX 79762

OFF-MARKET
Land
21.76 ac lot
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Property summary

AI-generated overview

This exceptional 21.76-acre commercial land parcel presents a significant investment opportunity in Odessa, Texas. Located on FM 866 in Ector County, this property offers unparalleled potential for various commercial developments. The land is priced at $35,000 per acre for the entire 21.76-acre tract. However, alternative pricing structures are available for smaller acquisitions. Purchases of 5 to 10 acres are priced at $45,000 per acre, while parcels between 11 and 15 acres are offered at $40,000 per acre. This flexible pricing allows for a range of development scenarios, catering to both large-scale and smaller projects. The property's strategic location on FM 866 provides excellent visibility and accessibility, making it an ideal site for businesses seeking high traffic exposure. With its substantial size and prime location in a thriving Texas city, this land offers a rare chance to secure a valuable asset in a dynamic commercial market. The zip code is 79762, and the precise coordinates are latitude 31.9626279 and longitude -102.3807553. Serious inquiries are encouraged to explore this exceptional commercial land opportunity further.

Property profile

Verified
Property type Land
Lot 21.76 ac (947,866 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 866 Odessa, TX 79762
Odessa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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