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Property profile & analytics
OFF-MARKET
Commercial real estate

501 Hillcrest Ave Odessa, TX 79761

16,760 SF 0.65 ac lot Built 1937
Property ID
US82-4180177
Property summary
AI-generated overview

This expansive commercial/industrial property, located at 501 Hillcrest Ave in Odessa, Texas, presents a unique investment opportunity. Boasting a substantial 16,760 square feet of space, this versatile building sits on a sizable 0.65-acre lot, offering ample room for expansion or outdoor operations. Previously utilized as a machine shop, the property is ideally suited for a variety of industrial uses, particularly those within the oilfield sector. The interior layout is highly adaptable, allowing for customization to meet the specific needs of a diverse range of businesses. The property includes several heavy-duty features, such as multiple lifting hoists and winches, which are valuable assets for any industrial operation requiring heavy equipment handling. Its strategic location in Odessa, Texas, provides excellent access to transportation networks and a skilled workforce. The asking price for this exceptional property is $765,000, representing a compelling investment opportunity for discerning buyers seeking a substantial and well-equipped industrial space. Don't miss the chance to acquire this remarkable property and unlock its considerable potential. The property's size, features, and location combine to create a truly exceptional offering in the Odessa commercial real estate market.

Property profile
Verified
Property type Commercial real estate
Year built 1937
Total area 16,760 SF
Lot 0.65 ac (28,314 SF)
UPID US82-4180177
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
  • Basin Machine & Manufacturing Co Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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