Property profile

407 Lufkin Rd Odessa, TX 79765

OFF-MARKET
Warehouses
9,540 SF 1.68 ac lot Built 2011
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Property summary

AI-generated overview

This exceptional sublease opportunity in Odessa, TX, presents a 9,540-square-foot industrial property ideally suited for various businesses. Situated on a 1.675-acre lot, this 2011-built facility offers a seamless blend of office and warehouse space. The 2,700-square-foot office area boasts four private offices, a conference room, a kitchenette, a supply closet, two ADA-compliant restrooms, and a spacious reception area. The expansive 6,840-square-foot warehouse is equipped for efficient operations, featuring eight 14' x 16' overhead doors creating three bays, plus a convenient enclosed drive-through wash bay. A 5-ton crane and 3-phase power enhance operational capabilities. Benefit from the property's strategic location across from Lufkin Industries and its easy access to Interstate 20. City water and sewer services are available. The building is zoned for light industrial use, with no known zoning restrictions. This sublease is available until September 30, 2027, offering a compelling short-term solution for your business needs. The 20-foot ceiling height provides ample vertical space. This property represents a rare opportunity to secure a well-appointed industrial space in a prime Odessa location.

Property profile

Verified
Property type Warehouses
Year built 2011
Total area 9,540 SF
Lot 1.68 ac (72,963 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Factory Industrial Manufacturer
  • Association Or Organization
  • Auto Repair Shop

Location

407 Lufkin Rd Odessa, TX 79765
Odessa metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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