Property profile

1507 5Th St Odessa, TX 79761

OFF-MARKET
Warehouses
Property ID
US82-3739149
3,000 SF 0.19 ac lot Built 1976
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Property summary

AI-generated overview

This 3,000-square-foot warehouse, located at 1507 E 5th St, Odessa, TX 79761, presents a unique investment opportunity. Built in 1976, this single-story structure sits on a 0.19-acre lot within Ector County and is zoned for light industrial use. The property requires a complete renovation, offering a buyer the chance to customize the space to perfectly suit their needs. The asking price is $135,000. This presents a blank canvas for a business seeking to establish a presence in Odessa, Texas, or for an investor looking for a potential value-add project. The property's location in Odessa provides access to a growing market and established infrastructure. The existing building, while needing significant updates, offers a solid foundation for a future project. The light industrial zoning allows for a variety of potential uses, making this a versatile investment. Serious inquiries are encouraged to explore the potential of this property and its significant upside. The property's address is easily accessible and well-situated within the Odessa business community. This is a rare opportunity to acquire a sizable warehouse at an attractive price point, allowing for significant customization and potential for substantial return on investment. The 0.19-acre lot provides ample space for potential expansion or outdoor storage.

Property profile

Verified
Property type Warehouses
Year built 1976
Total area 3,000 SF
Lot 0.19 ac (8,276 SF)
UPID US82-3739149

Cap rate & NOI

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

Location

1507 5Th St Odessa, TX 79761
Odessa metro
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Value estimations

Realmo proprietary · 4 methods
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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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