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Property profile & analytics
OFF-MARKET
Distribution centers

2238 Steven Rd Odessa, TX 79764

67,400 SF 6.09 ac lot Built 1964
Entity Owned
Property ID
US82-2305556
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Distribution centers
Year built 1964
Total area 67,400 SF
Lot 6.09 ac (265,368 SF)
UPID US82-2305556
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
  • Pemco Equipment Inc Industrial Manufacturer Production Facility
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
Little Mcjack Properties LLC
Little Mcjack Properties LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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