Property profile

16740 Basin St Odessa, TX 79741

OFF-MARKET
Warehouses
9,040 SF 16 ac lot
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Property summary

AI-generated overview

This exceptional industrial property at 16740 W Basin St, Odessa, TX 79741, presents a compelling investment opportunity. Boasting a substantial 9,040 square feet of warehouse space, this two-story building sits on a generous 16-acre lot, offering significant expansion potential. The asking price is $2,050,000, translating to a land value of $160,000 per acre. The property's features include a wash bay, a second-story apartment, and existing overhangs, suggesting prior use that could be easily adapted. The crane-ready structure further enhances its versatility and appeal to a wide range of industrial businesses. Located in Ector County, this property benefits from convenient access to Odessa's transportation networks and infrastructure. The substantial lot size provides ample room for future development or expansion of existing operations. This is a rare opportunity to acquire a well-situated, versatile industrial property in a thriving Texas market. The combination of existing improvements and the expansive land area makes this an ideal investment for businesses seeking growth and strategic positioning in the Odessa area.

Property profile

Verified
Property type Warehouses
Total area 9,040 SF
Lot 16 ac (696,960 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 79741
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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