2200 I-20 Odessa, TX 79763
- Warehouses
- 33,186 SF
- 3.51 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2200 I-20
- Year built
- 1990
- Lot size
- 3.51 lot acres
- Property size
- 33,186 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 33,071-square-foot flex warehouse, situated on a 3.51-acre lot in Odessa, Texas, presents a compelling investment opportunity. The property boasts a prime location directly off Interstate 20, offering approximately 250 feet of frontage and high visibility to over 46,000 vehicles daily. Built in 1990 and renovated in 2016, this Class B building features 7 loading docks, 18-20 foot clear ceiling height, and approximately 2,800 square feet of covered outdoor storage. The interior includes move-in ready office space and a showroom. The property is zoned for industrial use and offers ample paved access with room for additional outdoor storage. With 33,071 square feet of net rentable space, the asking price is $2,250,000 ($67.80/SF). The property's pro-forma NOI is $330,000, projecting a 14.67% cap rate. Additional air rights of 152,896 square feet are also available. This vacant property is ideal for owner-users seeking a value-add opportunity with significant frontage. The property's APN is 340960003000000. The current ownership is a user that currently does equipment rental. This is a rare opportunity to acquire a well-located, functional industrial property with significant upside potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.387
- Latitude
- 31.819
