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

    2500 Crane Ave Odessa, TX 79766

    • Warehouses
    • 16,000 SF
    • 12.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 4 Kings Oilfield Services / Corporate Office
    • IV Kings Triple L Services, LLC / Oilfield

    Property Details for 2500 Crane Ave

    Year built
    2012
    Lot size
    12.60 lot acres
    Property size
    16,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, located at 2500 S Crane Ave in Odessa, Texas, presents a significant investment opportunity. The 12.6-acre lot houses a substantial 16,000-square-foot facility, comprising a 9,000-square-foot main building and a 7,000-square-foot secondary shop. The main building boasts a well-appointed interior featuring a dispatch area, eleven offices (six downstairs and five upstairs), a kitchen, and two conference rooms. The property is well-equipped for industrial operations, with three 14'x14' overhead doors and one 16'x16' overhead door providing ample access. The secondary shop includes a dedicated parts room and significant lifting capacity with two 2-ton cranes and two 20-ton cranes. Adding to its versatility, the property also features ten RV hookups. Built in 2012, this property offers a blend of modern amenities and robust industrial infrastructure, making it ideal for a variety of manufacturing and warehousing needs. The asking price is $6,500,000. This prime location in Ector County, Texas, offers excellent access to transportation networks and a thriving local economy. The property is offered as a single tenancy.

    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
    -102.364
    Latitude
    31.8149

    Comparable in this City

    • Value Estimation by Request

      1881 Redline Ave

      Manufacturing properties
      1881 Redline Ave, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      8,000 SF

      2730 Saybrook Rd

      Distribution properties • 8,000 SF
      2730 Saybrook Rd, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      8,000 SF

      2730 Saybrook Rd

      Distribution properties • 8,000 SF
      2730 Saybrook Rd, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      19,360 SF

      13015 I-20

      Distribution properties • 19,360 SF
      13015 I-20, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      5,000 SF

      2956 Navasota Dr

      Flex space • 5,000 SF
      2956 Navasota Dr, Odessa, TX 79766
      View Details
    • Value Estimation by Request
      16,840 SF

      3101 Air Products Blvd

      Flex space • 16,840 SF
      3101 Air Products Blvd, Odessa, TX 79766
      View Details

    Similar Nearby for Sale

    • $2,300,000
      12,000 SF

      Odessa Industrial Distribution Center

      12,000 SF Warehouse, $2.3M
      5162 County Rd, Odessa, TX 79766
      View Details
    • $3,400,000
      16,100 SF

      Odessa Industrial Flex Space

      16,100 SF Flex/Warehouse, 11.96 Acres
      2250 Dixie Blvd, Odessa, TX 79766
      View Details
    • $1,800,000
      5.00 Acres

      Industrial Land with Highway Frontage

      Move-in ready land with warehouse, shop, and highway frontage.
      54505268 N Fm 866, Odessa, TX 79766
      View Details
    • $8,000,000
      41,131 SF

      Odessa Warehouse on 28+ Acres

      41,131 SF warehouse on 28.88 acres in Odessa, TX.
      3205 S County Rd, Odessa, TX 79766
      View Details
    • New
      Contact for pricing
      9,300 SF

      New Construction Flex/Industrial Space

      New construction flex/industrial space with office and shop areas.
      241 E Gladiator St, Odessa, TX 79766
      View Details
    • New
      $1,300,000
      9,300 SF

      New Construction Flex Space Available

      New construction flex space for sale or lease in Odessa.
      241 E Gladiator St, Odessa, TX 79766
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $14,850 /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
    • $11,500 /Mo
      10,000 SF

      Modern Industrial Facility with Crane

      Newer industrial facility featuring crane and ample office space.
      3460B S Fulton Ave, 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
    • $895,000
      7,300 SF

      Industrial Building with Residential House

      Industrial office/warehouse and residential house on 6.02 acres.
      17411 Fm 1787, 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.
    2500 Crane Ave
    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.