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Property profile & analytics
FOR LEASE
Office buildings
15095-2 W 42Nd St Odessa, TX 79764
Entity Owned
7-yr Hold
Free & Clear
Property ID
US83-0459954
For Lease
1 / 8
$12,500/Mo
15095-2 W 42Nd St, Odessa, TX 79764
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Total area
1,250 SF
Lot
50 ac (2,178,000 SF)
Zoning code
EW6
APN
43130.00041.02000
UPID
US83-0459954
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Axip Energy Services, LLC. Oil & Natural Gas Company
-
DHI (Dalbo Holdings) Rentals Trucking Company
-
Advanced Industries Building Supply Electrical Service
-
Sarens USA Inc Construction Company Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
West Texas Land & Stee LLC · 7 yrs held
West Texas Land & Stee LLC
since 2019
5 recorded transactions
Zoning & alternative use
EW6 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Odessa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odessa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$52,002
Tax year 2023
Assessed value
$3,201,305
Assessed 2023
Previous assessed
$3,201,305
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$326,700
Assessed improvement
$2,874,605
Land market value
$326,700
Improvement market value
$2,874,605
Total market value
$3,201,305
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2021
Heating
NONE
Buildings
10
Total area
1,250 SF
Lot
50 ac (2,178,000 SF)
Zoning code
EW6
APN
43130.00041.02000
UPID
US83-0459954
Jurisdiction
ECTOR
Zoning & alternative use
EW6 · Odessa, TXZoning EW6 · permitted uses
EW6 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Buildings
10
Lot
50 ac
Current owner
From public records · entity-resolved
West Texas Land & Stee LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 251252, PLANO, TX 75025-1252
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2022
—
West Texas Land And Steel LLC
—
Deed
related
$1,698,986 · Community National Bank
Dec 21, 2020
—
West Texas Land & Steel INC
—
Deed
related
$500,000 · Community Nat'l Bk
Feb 11, 2020
—
West Texas Land & Steel LLC
—
Deed Of Trust
related
$500,000 · Community Nat'l Bk
Jun 17, 2019
—
West Texas Land & Stee LLC
Oneill,kevin M
Warranty Deed
related
—
—
—
West Texas Land & Steel INC
—
Deed Of Trust
related
$500,000 · Community Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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