501 Hillcrest Ave Odessa, TX 79761
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.
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Basin Machine & Manufacturing Co Industrial Manufacturer
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.