Property profile

201-219 1St St Odessa, TX 79761

OFF-MARKET
Warehouses
11,372 SF Built 1983
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Property summary

AI-generated overview

This exceptional Odessa, Texas property, located at 201-219 W 1st St, offers a unique investment opportunity. The property consists of two metal buildings totaling over 11,372 square feet on a lot owned by the railroad. The larger building boasts approximately 7,000 square feet of warehouse space, 2,000 square feet of office space, and a 1,500-square-foot mezzanine for additional storage. This building is equipped with a 5-ton crane and a 16' x 14' automatic overhead door, ideal for various industrial uses. The second building provides an additional 1,800 square feet of warehouse space. The property benefits from a convenient location parallel to 1st Street and features direct access to an active railroad line. The seller pays approximately $5,500 annually to the railroad for land use. Built in 1983, this two-story property is zoned for industrial, mixed-use, office, and retail purposes, making it suitable for a variety of businesses. The property is being sold as-is. Potential buyers are responsible for verifying taxes, restrictions, zoning, utilities, easements, and other relevant details. The asking price is $450,000, with a price per square foot of $39.57. The property's APN is BL400.19544.00000. This multi-tenant property presents a compelling opportunity for investors seeking a versatile industrial space with excellent access to transportation.

Property profile

Verified
Property type Warehouses
Year built 1983
Total area 11,372 SF

Cap rate & NOI

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

Location

201-219 1St St Odessa, TX 79761
Odessa metro
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Value estimations

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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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