2238 Steven Rd Odessa, TX 79764
This ±6.092-acre Odessa, TX property offers a unique investment opportunity. The vacant industrial facility comprises three main buildings totaling approximately 67,400 square feet, plus two smaller ancillary structures. Building 1, a substantial ±48,860 square foot structure, includes ±4,400 square feet of office space featuring several large offices, a conference room, break room, and restrooms. The remaining ±44,460 square feet is dedicated to shop space, equipped with nine 5-ton and one 2-ton overhead bridge cranes, multiple overhead doors (12' to 16' high), gas heaters, heavy power, multiple airline connections, and additional shop offices. Building 2 is a ±11,040 square foot paint facility with substantial exhaust systems and storage capacity. Building 3 is a 7,500 square foot warehouse with a 5-ton bridge crane. Two additional smaller buildings, totaling approximately 1836 square feet, provide further storage options. The property is offered at $1,950,000 ($28.93/SF), with a NNN lease type. Built in 1964, this property presents a significant opportunity for owner-users or investors seeking a well-equipped industrial space in a prime Odessa location at 2238 Steven Rd, 79764. The majority of the lot is paved.
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Pemco Equipment Inc Industrial Manufacturer Production Facility
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
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.