Add Listing
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

    20 Service Rd Odessa, TX 79766

    • Land
    • 20.26 lot acres
    For Sale
    View listing
    $2,005,740
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 20 Service Rd

    Lot size
    20.26 lot acres
    Property type
    Land

    Description

    This exceptional 20.26-acre commercial land parcel in Odessa, Texas, presents a remarkable investment opportunity. Located on Interstate 20 Service Road in Ector County, zip code 79766, this property boasts over 600 feet of prime I-20 frontage, ensuring high visibility and accessibility. Priced at $2,005,740 ($99,000/acre), this blank slate offers unparalleled potential for a wide range of commercial ventures. The property's strategic location provides easy access to I-20, Highway 385, a county road to the west, and Highway 338, placing businesses within a 20-minute drive of Midland International Airport. This high-traffic area guarantees significant exposure. Note that an additional 17+ acre tract is available to the east of this property, offering expansion possibilities. This centrally located property is ready for development, making it an ideal location to establish your business and capitalize on the area's robust commercial activity. The property's size and location combine to create a truly exceptional opportunity for growth and success.

    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
    -102.369
    Latitude
    31.8223

    Comparable in this City

    • Value Estimation by Request
      7.00 Acres

      Jordan Ln

      Land • 7.00 Acres
      0 Jordan Ln, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      2.00 Acres

      0000 Saybrook Rd

      Land • 2.00 Acres
      0000 Saybrook Rd, Odessa, TX 79766
      View Details
    • Value Estimation by Request

      1881 Redline Ave

      Manufacturing properties
      1881 Redline Ave, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      16.52 Acres

      Fm 1787

      Land • 7,300 SF
      0 Fm 1787, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      6.36 Acres

      1931 Redline Ave

      Land • 6.36 Acres
      1931 Redline Ave, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      26.34 Acres

      7500 Interstate 20

      Land • 26.34 Acres
      7500 Interstate 20, Pleasant Farms, TX 79766
      View Details

    Similar Nearby for Sale

    • $2,005,740
      20.26 Acres

      I-20 Odessa Commercial Land

      High-traffic, 20-acre commercial lot.
      20 Service Rd, Odessa, TX 79766
      View Details
    • $175,000
      4.69 Acres

      Unrestricted Land in Odessa, Texas

      4.69 acres with utilities ready for development or investment.
      5337 W Avocado St, Odessa, TX 79766
      View Details
    • $1,000,000
      40.00 Acres

      40 Acres of Land, Odessa

      Unrestricted 40-acre parcel with development potential in Odessa, Texas.
      Loop 338, Odessa, TX 79766
      View Details
    • $90,000
      2.38 Acres

      Land For Sale, Odessa, TX

      2.38 acre land parcel available in Odessa, Texas.
      Odessa, TX 79766
      View Details
    • $3,300,000
      6.00 Acres

      Prime Odessa Commercial Land

      6 Acres, High-Traffic Location
      2070 Tx-338 Loop, Odessa, TX 79766
      View Details
    • $2,196,000
      199.64 Acres

      Expansive West Texas Land Parcels

      Large 199+ acre land parcels in Midland & Ector County.
      S Saltgrass St, Odessa, TX 79766
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      241,322 SF

      West Odessa RV Park Investment

      5.54-Acre RV Park Near I-20
      0 Tbd Interstate 20, Odessa, TX 79766
      View Details
    • $14 SF/Yr
      7,800 SF

      Industrial Office/Shop in Odessa, TX

      3.6-acre industrial property near I-20.
      1881 Redline Ave, Odessa, TX 79766
      View Details
    • $4 SF/Yr
      100,309 SF

      Odessa Retail Portfolio: 20 Acres

      Prime Odessa retail space, 13 buildings, rail access.
      2500 Grandview Ave, Odessa, TX 79766
      View Details
    • $14,850 /Mo
      12,999 SF

      Odessa Industrial Property with Cranes

      12,999 SF industrial space with cranes for lease.
      2690 S County Rd W, Odessa, TX 79766
      View Details
    • $21 SF/Yr
      16,840 SF

      Odessa Industrial Property: ±16,840 SF

      ±10.91-acre warehouse/office in Odessa, TX
      3101 Air Products Blvd, Odessa, TX 79766
      View Details
    • $14 SF/Yr
      11,927 SF

      Flex Space with Fenced Lot

      Flex space featuring office, shop, and fenced lot.
      2585 W Interstate 20, Odessa, TX 79766
      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.
    20 Service Rd
    Odessa, TX 79766
    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.
    Sign Up Successful!
    You now have access to more from Realmo!