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Property profile & analytics
OFF-MARKET
Office buildings

2724 40th St Odessa, TX 79764-6552

1,080 SF 1.52 ac lot Built 1974
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US82-2309223
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1974
Total area 1,080 SF
Lot 1.52 ac (66,385 SF)
Zoning code EB1
APN 21350.00245.00000
UPID US82-2309223
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
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Silver City Holdings LLC · 2 yrs held
Silver City Holdings LLC
since 2024
3 recorded transactions
2024
Price N/A
2023
Price N/A
2022
Price N/A
Zoning & alternative use
EB1 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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