17411 Fm 1787 Odessa, TX 79766
This exceptional owner-user investment opportunity presents a 7,300-square-foot industrial building and a 1,300-square-foot residential house situated on a 6.02-acre lot in Odessa, Texas. The industrial space comprises a 1,000-square-foot office area featuring three private offices, an executive corner office, a conference room, break room, IT closet, and restroom. The 3,000-square-foot shop boasts two drive-through bays equipped with four 14' x 16' overhead doors, a shop restroom, and a 2,000-square-foot mezzanine suitable for additional office space. The fully insulated shop and office are complemented by a 1,300-square-foot residential house including two bedrooms, a large living room, kitchen, and 1.5 bathrooms. The property is fully fenced and secured, utilizing a water well and septic system. Built in 2017, this property is zoned by Midland County and offers a unique blend of industrial and residential space, ideal for owner-occupiers seeking a versatile and convenient location. The asking price is $895,000, with a price per square foot of $122.60. The property is vacant and offered under a NNN lease type. This is a rare opportunity to acquire a substantial property with significant potential.
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
Similar Nearby for Lease
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.