850 I-20 Odessa, TX 79776
This exceptional 5,000-square-foot property, located at 850 W I-20 in Penwell, Texas, presents a unique investment opportunity. The building, constructed in 1999, offers a blend of executive office space and warehouse functionality, ideal for a variety of businesses. The single-tenant occupancy allows for seamless operations and customization. Situated on a lot ranging from 0.29 to 5 acres, the property provides ample space for expansion or outdoor storage. The property consists of three buildings in total, offering flexibility in layout and usage. The zoning designation is EC2, and the property is located in Ector County, Texas, with a zip code of 79776. The entire 5,000 square feet is currently vacant, providing immediate occupancy for a new tenant. This property is conveniently located on the north side of Penwell, specifically identified as PSL Block B16, Section 02 (Card #4) Old Badger Plat Block 1, Lots 6-8. This versatile property is perfect for a company seeking a combination of office and warehouse space in a convenient location. The property's size and location make it an attractive option for businesses looking to establish or expand their operations in the Odessa, Texas area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.