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Property profile & analytics
FOR SALE
Office buildings

1606 S Regal Pl Odessa, TX 79763

1,202 SF 0.52 ac lot Built 1981
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US82-2420544
Property summary
AI-generated overview

This exceptional 9,000-square-foot industrial property in Odessa, Texas, offers a blend of warehouse and flex space, ideal for various businesses. Situated on a 0.51-acre lot, the property boasts convenient access to Interstate 20's West I-20 North service road, making it a prime location for distribution or warehousing operations. The building, constructed in 1981, features approximately 1,200 square feet of well-appointed office space, including three private offices, a waiting area, a break room, and a versatile storage room or additional office space. The remaining 7,800 square feet comprises a warehouse area divided between two separate buildings, connected by a convenient concrete driveway. The property is zoned EB7 and offers a lease option for prospective tenants. Its strategic location and versatile layout make it an excellent choice for companies seeking efficient indoor storage and easy interstate access. The property's total net rentable area is 9,000 square feet. This is a rare opportunity to secure a well-maintained industrial space in a thriving location. The property's APN is 34060-00110-00000.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Total area 1,202 SF
Lot 0.52 ac (22,799 SF)
Zoning code EB7
APN 34060.00110.00000
UPID US82-2420544
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
  • SK Supply Co. Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Phosphate 48 LLC · 5 yrs held
Phosphate 48 LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
EB7 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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