1507 5Th St Odessa, TX 79761
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.
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
Similar Nearby for Sale
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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.