Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2070 Tx-338 Loop Odessa, TX 79766

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2070 Tx-338 Loop Odessa, TX 79766

    View on Map
    • Land
    • 6.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2070 Tx-338 Loop

    Lot size
    6.00 lot acres
    Property type
    Land

    Description

    This exceptional 6-acre commercial land parcel in Odessa, Texas, presents a unique investment opportunity. Located at 2070 TX-338 Loop, this property boasts prime visibility and accessibility, situated at a high-traffic intersection ideal for a truck stop. The land offers established water sales with potential for additional water access; verification with the city/county is recommended for future availability. Direct access is provided from IH-20 and SW Loop 338. The asking price for the 6-acre parcel is $3,300,000. Expansion options exist, with the potential to acquire up to 10 acres at $550,000 per acre, or a total of 35+ acres for $15,000,000. The property includes APN 42470.0042.00000 & PARCEL # 42470.00044.00000 T-2-S BLK 42 SEC 42 (CARD #3A) & T-2-S BLK 42 SEC 42 (CARD # 3) in Ector County, Texas, zip code 79766. The location's high visibility and convenient access make it an attractive site for various commercial ventures. Existing improvements include an Airbnb home and a storage building. This is a rare opportunity to secure a highly desirable commercial property in a thriving Texas market.

    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
    -102.406
    Latitude
    31.8088

    Comparable in this City

    • Value Estimation by Request
      17.31 Acres

      Crane Ave

      Land • 17.31 Acres
      0 Crane Ave, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      9.50 Acres

      1001 I-20

      Land • 9.50 Acres
      1001 I-20, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      1.02 Acres

      411 Saraway

      Land • 1.02 Acres
      411 Saraway, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      685.00 Acres

      Tbd685 I-20 Odessa

      Land • 685.00 Acres
      Tbd685 I-20 Odessa, Pleasant Farms, 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
    • Value Estimation by Request
      8.70 Acres

      121 Baiza Dr

      Land • 8.70 Acres
      121 Baiza Dr, Odessa, TX 79766
      View Details

    Similar Nearby for Sale

    • $150,000

      8.29 Acre Corner Lot

      8.29 acre corner lot with utilities, mobile homes allowed.
      15056 S Jade Ave, Odessa, TX 79766
      View Details
    • $81,500
      1.80 Acres

      Raw Land in Odessa, TX

      1.8 acre tract of raw land with endless possibilities.
      18255 Cherilyn Ave, Odessa, TX 79766
      View Details
    • $150,000
      18.35 Acres

      Odessa Land For Sale

      Unrestricted 18.35 acre land parcel in Odessa, Texas.
      8431 Gold St, Odessa, TX 79766
      View Details
    • $150,000
      3.06 Acres

      Unrestricted Land in Odessa, TX

      3-acre property with utilities, offering versatile potential.
      7010 W Hackberry St, Odessa, TX 79766
      View Details
    • $81,500
      1.80 Acres

      Raw Land in Odessa, TX

      1.8 acre tract of raw land with endless possibilities.
      Cherilyn Ave, Odessa, TX 79766
      View Details
    • $40,000
      1.01 Acres

      Unrestricted One-Acre Lot in Odessa

      One-acre lot suitable for mobile home or semi-truck parking.
      7180 W Mango 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
    • Contact for pricing

      Industrial Facility with I-20 Visibility

      Industrial facility on 3.6 acres with office and shop space.
      1881 S Redline Ave, Odessa, TX 79766
      View Details
    • Contact for pricing

      Industrial Building Under Construction

      Single tenant industrial building for lease in Odessa, Texas.
      930 Loop 338 SE, Odessa, TX 79766
      View Details
    • Contact for pricing

      West Odessa Industrial Complex

      50,000 SF industrial complex on 20 acres for lease.
      9163 W Murphy St, 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
    • Contact for pricing

      I-20 Frontage Property

      Commercial property for rent with I-20 frontage.
      2339 E 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.
    2070 Tx-338 Loop
    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!