Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Bucknell Ave Odessa, TX 79764

    • Land
    • 2.59 lot acres
    For Sale
    View listing
    $120,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Bucknell Ave

    Lot size
    2.59 lot acres
    Property type
    Land

    Description

    This 2.59-acre commercial land parcel in West Odessa, Texas, presents a compelling investment opportunity. Located on N Bucknell Ave, just south of 42nd Street in Ector County (zip code 79764), this property boasts convenient access to major thoroughfares like 42nd Street and Loop 338, enhancing its connectivity and logistical advantages. Situated just outside Odessa city limits, this land offers potential flexibility regarding zoning and regulations. The site's versatile nature makes it suitable for various development projects, including industrial or residential uses. Surrounded by existing industrial development, this tract provides a ready-made environment for businesses seeking expansion or new construction. The asking price for this strategically located land is $120,000. Its prime location and accessibility make it an attractive option for developers and investors seeking a foothold in a growing area. The property's proximity to key transportation routes ensures efficient movement of goods and services, further enhancing its appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.44
    Latitude
    31.8692

    Comparable in this City

    • Value Estimation by Request
      12.00 Acres

      5450 Fm 866

      Land • 12.00 Acres
      5450 Fm 866, Odessa, TX 79764
      View Details
    • Value Estimation by Request
      147.00 Acres

      42Nd St

      Land • 147.00 Acres
      0 42Nd St, Odessa, TX 79764
      View Details
    • Value Estimation by Request
      17.53 Acres

      Westcliff Rd

      Land • 17.53 Acres
      0 Westcliff Rd, Odessa, TX 79764
      View Details
    • Value Estimation by Request

      42Nd St

      Land
      0 42Nd St, Odessa, TX 79764
      View Details
    • Value Estimation by Request
      0.59 Acres

      2707 Pacific Dr

      Land • 0.59 Acres
      2707 Pacific Dr, Odessa, TX 79764
      View Details
    • Value Estimation
      $255,000
      1.42 Acres

      500 55th St

      COMMERCIAL (GENERAL) • 1.42 Acres
      500 55th St, Odessa, TX 79764-4134
      View Details

    Similar Nearby for Sale

    • $120,000
      2.59 Acres

      West Odessa Industrial Land

      2.59 Acres, $120,000 - Prime Location
      0 Bucknell Ave, Odessa, TX 79764
      View Details
    • $154,200
      0.59 Acres

      Odessa Retail Land - $154,200

      Prime Retail Lot, High Traffic Area
      2707 Pacific Dr, Odessa, TX 79764
      View Details
    • $990,000
      12.00 Acres

      Odessa Commercial Land - 12 Acres

      Prime 12-acre commercial lot, Odessa, TX.
      5450 Fm 866, Odessa, TX 79764
      View Details
    • $150,000
      0.92 Acres

      Odessa Commercial Land: Prime Location

      0.915 acres, adjacent to Dollar General. High-growth area.
      3840 Fm 1936, Odessa, TX 79764
      View Details
    • $750,000
      30.00 Acres

      30 Acres on N Westcliff

      30 acres of land suitable for various commercial uses.
      N Westcliff Rd, Odessa, TX 79764
      View Details
    • $65,000
      0.54 Acres

      Land For Sale, Odessa, TX

      Land available in Odessa, Texas, close to city amenities.
      W Riggs Dr, Odessa, TX 79764
      View Details

    Similar Nearby for Lease

    • $15,000 /Mo
      217,800 SF

      Odessa Industrial Land Lease Opportunity

      Prime West Odessa acreage, ready for development.
      0 42Nd St, Odessa, TX 79764
      View Details
    • $6,250 /Mo
      217,800 SF

      Odessa Industrial Park Land Lease

      Lease lots in Odessa West Industrial Park, various sizes.
      W 42Nd St, Odessa, TX 79764
      View Details
    • $29,900
      38,333 SF

      Commercial Land in Odessa, TX

      Commercial land available for lease in Odessa, Texas.
      Odessa, TX 79764
      View Details
    • $12,500 /Mo
      9,000 SF

      Odessa Warehouse with Drive-Through Bays

      9,000 SF warehouse on 5.3 acres with multiple drive-through bays.
      15095-2 W 42Nd St, Odessa, TX 79764
      View Details
    • $7 SF/Yr
      10,505 SF

      Odessa Industrial Warehouse

      10,505 SF Warehouse, 1.41 Acres
      9054 University Blvd, Odessa, TX 79764
      View Details
    • $495,000
      10,000 SF

      Odessa Warehouse with Loop Access

      Warehouse with excellent access to major thoroughfares in north Odessa.
      2850 Steven Rd, Odessa, TX 79764
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Bucknell Ave
    Odessa, TX 79764
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.