0 Tbd Fm 866 Odessa, TX 79762
This exceptional 21.67-acre commercial land parcel presents a remarkable investment opportunity in Odessa, Texas. Strategically located on FM 866, offering direct frontage and convenient access to I-20 West, this property benefits from the significant recent growth in the area. The land is currently raw, but the seller may offer land clearing at a negotiated price. The soil type is caliche. Detailed aerial photos and plats are available for review. The property features a desirable corner lot location with concrete road frontage. This offering provides flexibility with various purchase options: the entire 21+ acres for $735,000, or the land can be divided into 10-acre lots ($450,000 each), 5-acre lots ($225,000 each), or even 2-acre lots ($110,000 each). There are no known restrictions on the property. The property's APN is 31270-00201-0000E. This is a rare opportunity to acquire prime commercial real estate in a rapidly developing area. Don't miss out on this exceptional investment potential. The property is located in Ector County, Texas, with a zip code of 79762.
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
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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.