Property profile

16740 Basin St Odessa, TX 79763

OFF-MARKET
Warehouses
17,790 SF 4.5 ac lot Built 2023
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Property summary

AI-generated overview

This exceptional 17,790-square-foot warehouse in Odessa, Texas, presents a compelling investment opportunity. Built in 2023, this two-story structure sits on a 4.5-acre lot in the desirable Basin Industrial Addition. The warehouse boasts impressive ceiling heights ranging from 20 to 40 feet, providing ample space for various industrial uses. The property features a 21-foot eave height in the office area and a 24-foot eave height in the shop area. Additional acreage is available, up to a total of 18 acres, at $165,000 per acre. The building offers dual access via W Basin St and a second road behind the building. The second story is ready for finishing as office space or an apartment, and includes a kitchen. The property includes a metered water system and 3-phase 480-volt power. High-end construction is evident throughout. Optional additions include a wash bay and cranes. This prime location and modern design make this warehouse an exceptional investment opportunity, currently listed at $2,500,000. The property is also available for lease with varying terms and rates.

Property profile

Verified
Property type Warehouses
Year built 2023
Total area 17,790 SF
Lot 4.5 ac (196,020 SF)

Cap rate & NOI

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

Location

16740 Basin St Odessa, TX 79763
Odessa metro
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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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