16571 Basin St Odessa, TX 79763
This exceptional 10,200-square-foot property in Odessa, Texas, offers a unique blend of industrial and office space, perfectly situated in the Basin Industrial Addition just off Interstate 20 and FM 866. Built in 2022, the building boasts a 5,000-square-foot shop area with three drive-through bays and a 22-foot clear height, ideal for various industrial uses. The property also includes a 1,600-square-foot office space featuring HVAC, his/her restrooms, and a conference room. A second-story area of 1,600 square feet offers additional storage or the potential for future office expansion. A 1,000-square-foot wash bay is available as an option, either for lease at $1,000 per month or for purchase at $100,000. The property is equipped with 3-phase, 480-volt power. While not crane-ready, this high-end build offers a prime location with easy access to major transportation routes. Lease options are available at $13,000 per month for a five-year lease (office and shop space only) or $14,200 per month for a five-year lease including the second story and wash bay. Alternatively, the entire property is available for purchase at $1,297,000. The property sits on approximately 5 acres. No known restrictions exist. The address is 16571 W Basin Street, Odessa, TX 79763.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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