2724 40th St Odessa, TX 79764-6552
This exceptional industrial property, located at 2724 W 40th St in Odessa, Texas, presents a unique investment opportunity. The 12,000 square foot warehouse sits on a 2.4-acre corner lot in Ector County, offering unparalleled visibility and accessibility. Built in 1974 and extensively renovated in 2024, this fully stabilized property boasts five distinct shops, ideal for diverse business operations. The property includes a renovated office space, providing comfortable and modern administrative areas. A significant advantage is the inclusion of a crane-served machine shop, catering to businesses requiring heavy machinery and lifting capabilities. Ample parking is available for trucks, along with a convenient covered carport and a wash bay for vehicle maintenance. The entire property is securely fenced, ensuring safety and security. The asking price is $790,000, translating to $65.83 per square foot. This property is also available for lease at $8,500 per month, NNN. This prime location and comprehensive features make this an attractive investment for a wide range of industrial businesses. The zip code is 79764.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
EB1 · Odessa, TXOdessa. Always verify with local authorities before improvements.
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.